CoreCap Advisors LLC Sells 27,074 Shares of American Water Works Company, Inc. $AWK

CoreCap Advisors LLC lowered its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 98.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 459 shares of the utilities provider’s stock after selling 27,074 shares during the quarter. CoreCap Advisors LLC’s holdings in American Water Works were worth $60,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Werlinich Asset Management LLC increased its stake in American Water Works by 1.9% in the third quarter. Werlinich Asset Management LLC now owns 4,044 shares of the utilities provider’s stock worth $563,000 after purchasing an additional 75 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in shares of American Water Works by 2.0% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 3,856 shares of the utilities provider’s stock valued at $537,000 after buying an additional 77 shares in the last quarter. SeaCrest Wealth Management LLC grew its position in shares of American Water Works by 3.5% in the 4th quarter. SeaCrest Wealth Management LLC now owns 2,269 shares of the utilities provider’s stock worth $289,000 after buying an additional 77 shares during the last quarter. Cahaba Wealth Management Inc. raised its stake in shares of American Water Works by 0.4% during the 3rd quarter. Cahaba Wealth Management Inc. now owns 21,251 shares of the utilities provider’s stock worth $2,958,000 after acquiring an additional 80 shares in the last quarter. Finally, Faithward Advisors LLC raised its stake in shares of American Water Works by 5.4% during the 3rd quarter. Faithward Advisors LLC now owns 1,602 shares of the utilities provider’s stock worth $223,000 after acquiring an additional 82 shares in the last quarter. Institutional investors own 86.58% of the company’s stock.

American Water Works Stock Performance

Shares of American Water Works stock opened at $137.93 on Friday. The company has a 50 day moving average price of $133.08 and a 200 day moving average price of $133.19. The firm has a market capitalization of $26.93 billion, a P/E ratio of 24.24, a PEG ratio of 3.22 and a beta of 0.74. The company has a quick ratio of 0.44, a current ratio of 0.46 and a debt-to-equity ratio of 1.18. American Water Works Company, Inc. has a 52 week low of $121.28 and a 52 week high of $155.50.

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

Wall Street Analyst Weigh In

Several brokerages have weighed in on AWK. UBS Group set a $149.00 target price on shares of American Water Works in a research note on Wednesday, December 17th. Bank of America raised American Water Works from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $117.00 to $139.00 in a research report on Monday, January 12th. Wells Fargo & Company decreased their price objective on American Water Works from $142.00 to $126.00 and set an “equal weight” rating for the company in a report on Tuesday, January 20th. Barclays lowered their price objective on American Water Works from $134.00 to $122.00 and set an “underweight” rating for the company in a research report on Wednesday, December 17th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of American Water Works in a research note on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average 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.