Sumitomo Mitsui DS Asset Management Company Ltd Raises Stock Holdings in American Water Works Company, Inc. $AWK

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in American Water Works Company, Inc. (NYSE:AWK) by 31.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 136,504 shares of the utilities provider’s stock after purchasing an additional 32,834 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd owned about 0.07% of American Water Works worth $19,000,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Swedbank AB grew its position in shares of American Water Works by 88.5% in the third quarter. Swedbank AB now owns 257,413 shares of the utilities provider’s stock valued at $35,829,000 after purchasing an additional 120,890 shares in the last quarter. Mirador Capital Partners LP lifted its position in American Water Works by 28.4% during the second quarter. Mirador Capital Partners LP now owns 11,577 shares of the utilities provider’s stock worth $1,610,000 after buying an additional 2,562 shares in the last quarter. LGT Fund Management Co Ltd. boosted its stake in American Water Works by 144.4% during the second quarter. LGT Fund Management Co Ltd. now owns 14,729 shares of the utilities provider’s stock worth $2,049,000 after buying an additional 8,703 shares during the last quarter. St. Johns Investment Management Company LLC grew its holdings in American Water Works by 11.2% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 3,652 shares of the utilities provider’s stock valued at $508,000 after buying an additional 368 shares in the last quarter. Finally, West Family Investments Inc. purchased a new stake in American Water Works in the 2nd quarter valued at $486,000. 86.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on AWK. Wells Fargo & Company initiated coverage on shares of American Water Works in a research report on Monday, October 27th. They set an “equal weight” rating and a $142.00 price target on the stock. Mizuho set a $145.00 target price on shares of American Water Works in a research note on Tuesday, October 28th. UBS Group set a $149.00 price target on shares of American Water Works in a research note on Wednesday, December 17th. Barclays cut their price target on shares of American Water Works from $134.00 to $122.00 and set an “underweight” rating for the company in a report on Wednesday, December 17th. Finally, Cowen assumed coverage on American Water Works in a report on Wednesday, October 15th. They issued a “hold” rating on the stock. 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 company. According to MarketBeat.com, American Water Works currently has an average rating of “Hold” and an average target price of $141.44.

American Water Works Stock Performance

NYSE:AWK opened at $127.94 on Friday. 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 debt-to-equity ratio of 1.19, a quick ratio of 0.39 and a current ratio of 0.42. The company has a 50 day moving average price of $130.20 and a 200 day moving average price of $137.01. The stock has a market capitalization of $24.97 billion, a P/E ratio of 22.49, a PEG ratio of 3.10 and a beta of 0.76.

American Water Works (NYSE:AWK) last announced its earnings results on Wednesday, October 29th. The utilities provider reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.04. American Water Works had a return on equity of 10.48% and a net margin of 21.93%.The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the company earned $1.80 earnings per share. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. 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. Equities research analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 10th will be issued a dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Tuesday, February 10th. American Water Works’s dividend payout ratio (DPR) is 58.17%.

American Water Works 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.