American Water Works Company, Inc. $AWK Stock: Sumitomo Mitsui DS Asset Management Company Ltd Grows Stake

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 13.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 164,335 shares of the utilities provider’s stock after acquiring an additional 18,932 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd owned approximately 0.08% of American Water Works worth $22,005,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of AWK. Versant Capital Management Inc increased its stake in shares of American Water Works by 6.6% in the 2nd quarter. Versant Capital Management Inc now owns 1,199 shares of the utilities provider’s stock worth $158,000 after purchasing an additional 74 shares in the last quarter. CoreCap Advisors LLC raised its holdings in American Water Works by 21.1% in the 3rd quarter. CoreCap Advisors LLC now owns 453 shares of the utilities provider’s stock worth $62,000 after purchasing an additional 79 shares during the period. Eastern Bank raised its holdings in American Water Works by 2.9% in the 3rd quarter. Eastern Bank now owns 2,945 shares of the utilities provider’s stock worth $381,000 after purchasing an additional 82 shares during the period. Focused Wealth Management Inc lifted its position in American Water Works by 4.1% during the first quarter. Focused Wealth Management Inc now owns 2,376 shares of the utilities provider’s stock valued at $323,000 after purchasing an additional 93 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in American Water Works by 13.7% during the second quarter. Parkside Financial Bank & Trust now owns 806 shares of the utilities provider’s stock valued at $106,000 after purchasing an additional 97 shares in the last quarter. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Price Performance

NYSE:AWK opened at $135.82 on Wednesday. The business’s 50-day moving average is $134.86 and its 200 day moving average is $131.88. American Water Works Company, Inc. has a 12 month low of $120.57 and a 12 month high of $145.64. The company has a market capitalization of $26.99 billion, a P/E ratio of 23.54, a P/E/G ratio of 2.72 and a beta of 0.58. The company has a current ratio of 0.52, a quick ratio of 0.49 and a debt-to-equity ratio of 1.20.

American Water Works (NYSE:AWK) last released its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. American Water Works had a return on equity of 10.20% and a net margin of 21.35%. The company’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.48 EPS. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. On average, equities research analysts forecast that American Water Works Company, Inc. will post 6.08 earnings per share for the current fiscal year.

American Water Works Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th were paid a $0.8950 dividend. This represents a $3.58 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Tuesday, August 11th. American Water Works’s dividend payout ratio (DPR) is presently 62.05%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AWK shares. Barclays cut their price target on American Water Works from $130.00 to $127.00 and set an “underweight” rating for the company in a report on Monday. Wall Street Zen raised American Water Works from a “strong sell” rating to a “sell” rating in a research note on Monday, August 3rd. UBS Group decreased their price objective on American Water Works from $162.00 to $153.00 and set a “buy” rating on the stock in a research note on Friday. JPMorgan Chase & Co. lifted their price objective on American Water Works from $138.00 to $147.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Finally, Mizuho boosted their price objective on American Water Works from $130.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, American Water Works currently has an average rating of “Hold” and an average target price of $136.75.

American Water Works Profile

American Water Works Company, Inc is a public water and wastewater utility that provides essential services to residential, commercial, industrial and institutional customers. Through its regulated businesses, the company supplies drinking water, collects and treats wastewater, and manages related infrastructure, including treatment plants, pipelines, storage facilities and customer service systems.

Founded in 1886, American Water has grown into one of the largest water and wastewater service providers in the United States.