American Water Works Company, Inc. $AWK Shares Bought by Allstate Corp

Allstate Corp raised its holdings in American Water Works Company, Inc. (NYSE:AWK) by 92.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 13,760 shares of the utilities provider’s stock after buying an additional 6,600 shares during the period. Allstate Corp’s holdings in American Water Works were worth $1,796,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of AWK. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in American Water Works by 383.0% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,596,125 shares of the utilities provider’s stock worth $361,355,000 after buying an additional 2,058,656 shares during the last quarter. Impax Asset Management Group plc raised its position in shares of American Water Works by 38.0% during the 4th quarter. Impax Asset Management Group plc now owns 2,386,873 shares of the utilities provider’s stock worth $311,487,000 after purchasing an additional 657,849 shares during the period. Vanguard Group Inc. raised its position in shares of American Water Works by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 26,227,049 shares of the utilities provider’s stock worth $3,650,543,000 after purchasing an additional 597,916 shares during the period. Raymond James Financial Inc. raised its position in shares of American Water Works by 81.8% during the 2nd quarter. Raymond James Financial Inc. now owns 1,043,899 shares of the utilities provider’s stock worth $145,217,000 after purchasing an additional 469,641 shares during the period. Finally, Balyasny Asset Management L.P. acquired a new stake in American Water Works in the 3rd quarter valued at approximately $45,769,000. Institutional investors own 86.58% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on AWK. Truist Financial began coverage on American Water Works in a research report on Tuesday, April 21st. They issued a “hold” rating and a $137.00 target price on the stock. Wells Fargo & Company set a $131.00 price target on American Water Works in a research report on Tuesday, April 21st. UBS Group lowered their price target on American Water Works from $149.00 to $137.00 and set a “neutral” rating on the stock in a research report on Thursday, May 7th. Bank of America lowered their price target on American Water Works from $147.00 to $134.00 and set a “neutral” rating on the stock in a research report on Thursday, May 21st. Finally, Barclays lifted their price target on American Water Works from $122.00 to $124.00 and gave the company an “underweight” rating in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $138.56.

American Water Works Stock Performance

Shares of American Water Works stock opened at $122.33 on Friday. The stock has a market cap of $23.89 billion, a PE ratio of 21.69, a price-to-earnings-growth ratio of 2.68 and a beta of 0.64. The business has a fifty day simple moving average of $131.24 and a 200-day simple moving average of $131.14. The company has a quick ratio of 0.34, a current ratio of 0.37 and a debt-to-equity ratio of 1.16. American Water Works Company, Inc. has a 12 month low of $121.28 and a 12 month high of $147.87.

American Water Works (NYSE:AWK) last released its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.09). The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.17 billion. American Water Works had a net margin of 21.17% and a return on equity of 10.20%. American Water Works’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.05 EPS. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. On average, sell-side analysts anticipate that American Water Works Company, Inc. will post 6.09 EPS for the current fiscal year.

American Water Works Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 12th will be given a $0.895 dividend. This is an increase from American Water Works’s previous quarterly dividend of $0.83. This represents a $3.58 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, May 12th. American Water Works’s payout ratio is presently 63.48%.

About American Water Works

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.