Assenagon Asset Management S.A. Sells 26,150 Shares of American Water Works Company, Inc. $AWK

Assenagon Asset Management S.A. lessened its stake in American Water Works Company, Inc. (NYSE:AWK) by 48.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,290 shares of the utilities provider’s stock after selling 26,150 shares during the period. Assenagon Asset Management S.A.’s holdings in American Water Works were worth $3,692,000 at the end of the most recent reporting period.

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

American Water Works Trading Up 0.1%

NYSE AWK opened at $136.95 on Monday. American Water Works Company, Inc. has a 1-year low of $121.28 and a 1-year high of $155.50. The company has a current ratio of 0.46, a quick ratio of 0.44 and a debt-to-equity ratio of 1.18. The stock has a 50-day moving average of $132.47 and a 200-day moving average of $133.18. The firm has a market cap of $26.74 billion, a PE ratio of 24.07, a price-to-earnings-growth ratio of 3.19 and a beta of 0.77.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on AWK shares. Bank of America raised American Water Works from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $117.00 to $139.00 in a report on Monday, January 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Water Works in a research note on Monday, December 29th. UBS Group set a $149.00 price target on shares of American Water Works in a research report on Wednesday, December 17th. Wells Fargo & Company decreased their price target on shares of American Water Works from $142.00 to $126.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 20th. Finally, Barclays lowered their price objective on shares of American Water Works from $134.00 to $122.00 and set an “underweight” rating for the company in a report on Wednesday, December 17th. One research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $140.89.

American Water Works Company 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.