American Water Works Company, Inc. $AWK Shares Purchased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. grew its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 11.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 126,396 shares of the utilities provider’s stock after buying an additional 12,982 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in American Water Works were worth $17,583,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of AWK. Private Advisor Group LLC lifted its holdings in American Water Works by 8.5% in the first quarter. Private Advisor Group LLC now owns 21,004 shares of the utilities provider’s stock valued at $3,098,000 after acquiring an additional 1,647 shares during the period. Kestra Private Wealth Services LLC increased its holdings in shares of American Water Works by 19.4% in the 1st quarter. Kestra Private Wealth Services LLC now owns 16,712 shares of the utilities provider’s stock valued at $2,465,000 after purchasing an additional 2,717 shares in the last quarter. OneAscent Financial Services LLC lifted its stake in shares of American Water Works by 113.7% in the first quarter. OneAscent Financial Services LLC now owns 3,652 shares of the utilities provider’s stock valued at $538,000 after purchasing an additional 1,943 shares during the period. Teachers Retirement System of The State of Kentucky lifted its stake in shares of American Water Works by 5.2% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 15,041 shares of the utilities provider’s stock valued at $2,218,000 after purchasing an additional 742 shares during the period. Finally, Crestwood Advisors Group LLC boosted its holdings in American Water Works by 4.2% during the first quarter. Crestwood Advisors Group LLC now owns 4,903 shares of the utilities provider’s stock worth $723,000 after buying an additional 199 shares in the last quarter. 86.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AWK has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Water Works in a report on Thursday, November 13th. Barclays raised their price objective on American Water Works from $128.00 to $134.00 and gave the company an “underweight” rating in a research note on Tuesday, October 21st. TD Cowen initiated coverage on American Water Works in a research report on Thursday, October 16th. They set a “hold” rating and a $155.00 target price on the stock. Mizuho set a $145.00 price target on American Water Works in a research report on Tuesday, October 28th. Finally, Wells Fargo & Company assumed coverage on American Water Works in a research note on Monday, October 27th. They set an “equal weight” rating and a $142.00 price target for the company. One research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $143.00.

American Water Works Stock Performance

American Water Works stock opened at $129.83 on Wednesday. American Water Works Company, Inc. has a fifty-two week low of $118.74 and a fifty-two week high of $155.50. The company has a market capitalization of $25.33 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 2.84 and a beta of 0.72. The stock has a fifty day moving average of $136.31 and a two-hundred day moving average of $140.10. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.35.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.04. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.36 billion. American Water Works had a return on equity of 10.57% and a net margin of 21.93%.The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.80 earnings per share. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. FY 2026 guidance at 6.020-6.120 EPS. On average, analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Thursday, November 13th will be given a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Thursday, November 13th. American Water Works’s payout ratio is currently 58.17%.

About American Water Works

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.5 million active customers. The company serves residential customers; commercial customers, including food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities, such as schools and universities; and other utilities and community water and wastewater systems.