Confluence Investment Management LLC Decreases Holdings in American Water Works Company, Inc. $AWK

Confluence Investment Management LLC decreased its stake in American Water Works Company, Inc. (NYSE:AWK) by 8.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 792,993 shares of the utilities provider’s stock after selling 68,837 shares during the quarter. American Water Works makes up 1.6% of Confluence Investment Management LLC’s holdings, making the stock its 22nd biggest position. Confluence Investment Management LLC’s holdings in American Water Works were worth $103,486,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. American National Bank & Trust acquired a new position in shares of American Water Works during the 3rd quarter worth about $26,000. Grey Fox Wealth Advisors LLC acquired a new stake in American Water Works in the 3rd quarter worth about $27,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in American Water Works in the 3rd quarter worth about $28,000. Elevation Point Wealth Partners LLC purchased a new stake in American Water Works during the 2nd quarter worth approximately $29,000. Finally, Cloud Capital Management LLC acquired a new position in shares of American Water Works during the third quarter valued at approximately $29,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Trading Up 0.2%

Shares of American Water Works stock opened at $137.02 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.46 and a quick ratio of 0.44. The stock’s 50 day simple moving average is $131.94 and its 200-day simple moving average is $133.51. The stock has a market cap of $26.76 billion, a P/E ratio of 24.08, a P/E/G ratio of 3.19 and a beta of 0.77. American Water Works Company, Inc. has a 1-year low of $121.28 and a 1-year high of $155.50.

American Water Works (NYSE:AWK) last posted its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $1.24 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.04). American Water Works had a net margin of 21.61% and a return on equity of 10.38%. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the business posted $1.15 EPS. American Water Works’s revenue for the quarter was up 5.8% compared to the same quarter last year. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. Analysts predict that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AWK has been the topic of several research reports. Barclays decreased their target price on American Water Works from $134.00 to $122.00 and set an “underweight” rating on the stock in a research report on Wednesday, December 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of American Water Works in a research report on Monday, December 29th. Wells Fargo & Company decreased their price objective on American Water Works from $142.00 to $126.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 20th. UBS Group set a $149.00 target price on shares of American Water Works in a research note on Wednesday, December 17th. Finally, Bank of America raised shares of American Water Works from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $117.00 to $139.00 in a report on Monday, January 12th. One research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $140.89.

American Water Works Profile

American Water Works Company, Inc (NYSE: AWK) is a publicly traded utility company that provides water and wastewater services in the United States. Its core business is the operation, management and maintenance of regulated water and wastewater systems that deliver potable water, collect and treat wastewater, and provide related customer services to residential, commercial and industrial customers as well as municipalities. The company’s operations include water treatment and distribution, wastewater collection and treatment, meter reading and billing, emergency repairs, and long-term infrastructure planning and capital project execution.

In addition to its regulated utility operations, American Water offers complementary nonregulated services and solutions that support system reliability and customer needs.