Munich Reinsurance Co Stock Corp in Munich Takes $2.37 Million Position in American Water Works Company, Inc. $AWK

Munich Reinsurance Co Stock Corp in Munich purchased a new stake in shares of American Water Works Company, Inc. (NYSE:AWK) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 17,055 shares of the utilities provider’s stock, valued at approximately $2,374,000.

A number of other hedge funds have also bought and sold shares of AWK. American National Bank & Trust purchased a new position in American Water Works in the third quarter worth $26,000. Grey Fox Wealth Advisors LLC purchased a new stake in shares of American Water Works during the 3rd quarter valued at $27,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of American Water Works during the 3rd quarter valued at $28,000. Elevation Point Wealth Partners LLC bought a new stake in shares of American Water Works during the 2nd quarter worth $29,000. Finally, Cloud Capital Management LLC purchased a new position in shares of American Water Works in the 3rd quarter worth about $29,000. 86.58% of the stock is currently owned by institutional investors.

American Water Works Stock Up 2.3%

AWK stock opened at $137.70 on Friday. The stock has a fifty day moving average of $130.58 and a 200-day moving average of $133.90. American Water Works Company, Inc. has a fifty-two week low of $121.28 and a fifty-two week high of $155.50. The company has a market capitalization of $26.88 billion, a price-to-earnings ratio of 24.20, a PEG ratio of 3.21 and a beta of 0.77. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.44 and a current ratio of 0.46.

American Water Works (NYSE:AWK) last announced its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.04). The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.29 billion. American Water Works had a net margin of 21.61% and a return on equity of 10.38%. The company’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.15 earnings per share. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. As a group, equities research analysts predict that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

Analysts Set New Price Targets

AWK has been the subject of several research reports. UBS Group set a $149.00 price target on shares of American Water Works in a research report on Wednesday, December 17th. Bank of America raised shares of American Water Works from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $117.00 to $139.00 in a research report on Monday, January 12th. Wells Fargo & Company dropped their target price on shares of American Water Works from $142.00 to $126.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 20th. Weiss Ratings reissued a “hold (c)” rating on shares of American Water Works in a research report on Monday, December 29th. Finally, Barclays decreased 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 research note on Wednesday, December 17th. One investment analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $140.89.

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.