Hsbc Holdings PLC Increases Holdings in American Water Works Company, Inc. $AWK

Hsbc Holdings PLC boosted its stake in American Water Works Company, Inc. (NYSE:AWK) by 13.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 484,339 shares of the utilities provider’s stock after purchasing an additional 56,980 shares during the period. Hsbc Holdings PLC’s holdings in American Water Works were worth $63,223,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in AWK. Empowered Funds LLC raised its holdings in shares of American Water Works by 11.5% during the 1st quarter. Empowered Funds LLC now owns 5,912 shares of the utilities provider’s stock valued at $872,000 after buying an additional 609 shares during the period. Woodline Partners LP grew its position in American Water Works by 40.7% in the first quarter. Woodline Partners LP now owns 16,466 shares of the utilities provider’s stock valued at $2,429,000 after acquiring an additional 4,762 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of American Water Works during the second quarter valued at approximately $302,000. Cresset Asset Management LLC lifted its position in shares of American Water Works by 1.5% during the second quarter. Cresset Asset Management LLC now owns 5,865 shares of the utilities provider’s stock worth $816,000 after purchasing an additional 85 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its position in shares of American Water Works by 184.4% during the second quarter. Gamco Investors INC. ET AL now owns 5,492 shares of the utilities provider’s stock worth $764,000 after purchasing an additional 3,561 shares in the last quarter. 86.58% of the stock is owned by hedge funds and other institutional investors.

American Water Works Stock Down 0.2%

AWK stock opened at $136.56 on Monday. The company has a current ratio of 0.37, a quick ratio of 0.34 and a debt-to-equity ratio of 1.16. The firm has a 50 day simple moving average of $127.02 and a 200-day simple moving average of $130.59. The company has a market capitalization of $26.67 billion, a P/E ratio of 24.21, a PEG ratio of 2.97 and a beta of 0.61. American Water Works Company, Inc. has a twelve month low of $120.57 and a twelve month high of $147.87.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.09). The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.17 billion. American Water Works had a net margin of 21.17% and a return on equity of 10.20%. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.05 earnings per share. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. On average, equities research analysts predict that American Water Works Company, Inc. will post 6.08 earnings per share for the current fiscal year.

American Water Works Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 12th were paid a $0.895 dividend. This represents a $3.58 dividend on an annualized basis and a yield of 2.6%. This is a positive change from American Water Works’s previous quarterly dividend of $0.83. The ex-dividend date was Tuesday, May 12th. American Water Works’s payout ratio is 63.48%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. UBS Group upped their target price on shares of American Water Works from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday. Bank of America cut their price objective on shares of American Water Works from $147.00 to $134.00 and set a “neutral” rating on the stock in a report on Thursday, May 21st. Wells Fargo & Company set a $131.00 price objective on shares of American Water Works in a research report on Tuesday, April 21st. Barclays upped their price objective on shares of American Water Works from $122.00 to $124.00 and gave the company an “underweight” rating in a research report on Monday, April 20th. Finally, Truist Financial lowered their target price on American Water Works from $137.00 to $130.00 and set a “hold” rating for the company in a research note on Friday, May 29th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $139.22.

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.