Russell Investments Group Ltd. Grows Holdings in American Water Works Company, Inc. $AWK

Russell Investments Group Ltd. boosted its position in American Water Works Company, Inc. (NYSE:AWK) by 43.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 317,218 shares of the utilities provider’s stock after acquiring an additional 96,070 shares during the quarter. Russell Investments Group Ltd.’s holdings in American Water Works were worth $44,135,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AWK. Vanguard Group Inc. lifted its stake in shares of American Water Works by 2.3% in the third quarter. Vanguard Group Inc. now owns 26,227,049 shares of the utilities provider’s stock worth $3,650,543,000 after acquiring an additional 597,916 shares in the last quarter. State Street Corp grew its stake in American Water Works by 2.6% during the 2nd quarter. State Street Corp now owns 11,430,863 shares of the utilities provider’s stock valued at $1,590,147,000 after purchasing an additional 286,053 shares in the last quarter. Geode Capital Management LLC grew its stake in American Water Works by 2.1% during the 2nd quarter. Geode Capital Management LLC now owns 4,949,996 shares of the utilities provider’s stock valued at $685,662,000 after purchasing an additional 103,595 shares in the last quarter. Amundi increased its holdings in American Water Works by 4.8% during the 2nd quarter. Amundi now owns 3,926,541 shares of the utilities provider’s stock worth $559,951,000 after purchasing an additional 179,127 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in American Water Works by 16.8% during the 2nd quarter. Invesco Ltd. now owns 3,442,004 shares of the utilities provider’s stock worth $478,817,000 after purchasing an additional 494,868 shares during the last quarter. 86.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on AWK. Bank of America upgraded American Water Works from an “underperform” rating to a “neutral” rating and increased their target price for the company from $117.00 to $139.00 in a research note on Monday, January 12th. Weiss Ratings restated a “hold (c)” rating on shares of American Water Works in a research note on Monday, December 29th. Wells Fargo & Company cut their price target on shares of American Water Works from $142.00 to $126.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 20th. Barclays reduced their price objective on shares of American Water Works from $134.00 to $122.00 and set an “underweight” rating on the stock in a research note on Wednesday, December 17th. Finally, UBS Group set a $149.00 price objective on shares of American Water Works in a report on Wednesday, December 17th. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, American Water Works presently has an average rating of “Hold” and an average target price of $140.89.

American Water Works Trading Up 1.2%

NYSE:AWK opened at $134.38 on Thursday. The company has a market cap of $26.23 billion, a PE ratio of 23.62, a P/E/G ratio of 3.10 and a beta of 0.77. The business’s 50 day moving average is $130.83 and its two-hundred day moving average is $133.68. The company has a quick ratio of 0.44, a current ratio of 0.46 and a debt-to-equity ratio of 1.18. American Water Works Company, Inc. has a 52 week low of $121.28 and a 52 week high of $155.50.

American Water Works (NYSE:AWK) last issued its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $1.24 earnings per share 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%. American Water Works’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.15 earnings per share. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. On average, analysts predict that American Water Works Company, Inc. will post 5.71 EPS for the current year.

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.