Clear Harbor Asset Management LLC Has $21.86 Million Holdings in American Water Works Company, Inc. $AWK

Clear Harbor Asset Management LLC cut its holdings in American Water Works Company, Inc. (NYSE:AWK) by 2.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 167,529 shares of the utilities provider’s stock after selling 4,655 shares during the quarter. American Water Works makes up approximately 1.5% of Clear Harbor Asset Management LLC’s holdings, making the stock its 15th biggest holding. Clear Harbor Asset Management LLC’s holdings in American Water Works were worth $21,863,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of AWK. Nomura Asset Management Co. Ltd. boosted its stake in shares of American Water Works by 21.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 173,352 shares of the utilities provider’s stock valued at $22,622,000 after purchasing an additional 30,812 shares in the last quarter. Essex Financial Services Inc. boosted its stake in shares of American Water Works by 7.7% during the fourth quarter. Essex Financial Services Inc. now owns 4,860 shares of the utilities provider’s stock valued at $634,000 after purchasing an additional 346 shares in the last quarter. MUFG Securities EMEA plc boosted its stake in shares of American Water Works by 114.4% during the fourth quarter. MUFG Securities EMEA plc now owns 8,007 shares of the utilities provider’s stock valued at $1,045,000 after purchasing an additional 4,273 shares in the last quarter. Norges Bank acquired a new stake in shares of American Water Works during the fourth quarter valued at about $337,004,000. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in shares of American Water Works during the fourth quarter valued at about $69,855,000. 86.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Bank of America cut their price target on American Water Works from $147.00 to $134.00 and set a “neutral” rating on the stock in a research note on Thursday, May 21st. Wall Street Zen upgraded American Water Works from a “strong sell” rating to a “sell” rating in a research report on Sunday, April 26th. Weiss Ratings restated a “hold (c)” rating on shares of American Water Works in a research report on Friday, March 27th. Truist Financial lowered their price objective on American Water Works from $137.00 to $130.00 and set a “hold” rating for the company in a research report on Friday. Finally, Barclays raised their price objective on American Water Works from $122.00 to $124.00 and gave the stock an “underweight” rating in a research report on Monday, April 20th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $138.11.

American Water Works Trading Up 0.0%

NYSE AWK opened at $123.29 on Monday. The business has a 50 day simple moving average of $130.96 and a 200 day simple moving average of $131.10. American Water Works Company, Inc. has a one year low of $121.28 and a one year high of $147.87. The stock has a market capitalization of $24.08 billion, a P/E ratio of 21.86, a P/E/G ratio of 2.67 and a beta of 0.62. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.37 and a quick ratio of 0.34.

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

American Water Works Increases Dividend

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

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.