Mirova US LLC Has $226.41 Million Stock Position in American Water Works Company, Inc. $AWK

Mirova US LLC lessened its stake in American Water Works Company, Inc. (NYSE:AWK) by 3.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,626,653 shares of the utilities provider’s stock after selling 53,521 shares during the quarter. American Water Works makes up 2.3% of Mirova US LLC’s holdings, making the stock its 18th biggest position. Mirova US LLC owned about 0.83% of American Water Works worth $226,414,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ethic Inc. lifted its stake in American Water Works by 52.1% in the third quarter. Ethic Inc. now owns 99,935 shares of the utilities provider’s stock valued at $13,910,000 after acquiring an additional 34,242 shares during the last quarter. Fire Capital Management LLC raised its holdings in shares of American Water Works by 1.9% in the 3rd quarter. Fire Capital Management LLC now owns 4,980 shares of the utilities provider’s stock valued at $693,000 after purchasing an additional 95 shares during the period. Cahaba Wealth Management Inc. lifted its stake in American Water Works by 0.4% in the 3rd quarter. Cahaba Wealth Management Inc. now owns 21,251 shares of the utilities provider’s stock valued at $2,958,000 after purchasing an additional 80 shares during the last quarter. Perigon Wealth Management LLC grew its holdings in American Water Works by 8.6% during the third quarter. Perigon Wealth Management LLC now owns 2,089 shares of the utilities provider’s stock worth $291,000 after purchasing an additional 166 shares during the period. Finally, FSM Wealth Advisors LLC raised its stake in American Water Works by 6.7% in the third quarter. FSM Wealth Advisors LLC now owns 1,645 shares of the utilities provider’s stock valued at $229,000 after buying an additional 104 shares during the period. 86.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on AWK shares. Barclays decreased their target price on American Water Works from $134.00 to $122.00 and set an “underweight” rating on the stock in a report on Wednesday, December 17th. Cowen assumed coverage on shares of American Water Works in a research report on Wednesday, October 15th. They set a “hold” rating for the company. Jefferies Financial Group upgraded shares of American Water Works from an “underperform” rating to a “hold” rating and raised their target price for the stock from $114.00 to $124.00 in a research note on Wednesday, November 5th. Wells Fargo & Company assumed coverage on shares of American Water Works in a report on Monday, October 27th. They set an “equal weight” rating and a $142.00 target price for the company. Finally, Mizuho set a $145.00 price target on shares of American Water Works in a report on Tuesday, October 28th. One investment analyst has rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $141.44.

American Water Works Stock Up 0.2%

AWK stock opened at $130.83 on Tuesday. The stock has a market capitalization of $25.54 billion, a P/E ratio of 22.99, a price-to-earnings-growth ratio of 3.36 and a beta of 0.76. The company has a current ratio of 0.42, a quick ratio of 0.39 and a debt-to-equity ratio of 1.19. The firm has a 50-day moving average price of $131.54 and a 200-day moving average price of $137.75. American Water Works Company, Inc. has a 12 month low of $118.74 and a 12 month high of $155.50.

American Water Works (NYSE:AWK) last released its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.04. The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.36 billion. American Water Works had a net margin of 21.93% and a return on equity of 10.48%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.80 EPS. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS and its FY 2026 guidance at 6.020-6.120 EPS. As a group, equities research analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 10th will be given a dividend of $0.8275 per share. The ex-dividend date is Tuesday, February 10th. This represents a $3.31 dividend on an annualized basis and a yield of 2.5%. American Water Works’s payout ratio is currently 58.17%.

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.