Fortress Investment Group LLC Acquires New Shares in American Water Works Company, Inc. $AWK

Fortress Investment Group LLC bought a new stake in shares of American Water Works Company, Inc. (NYSE:AWK) during the 3rd quarter, HoldingsChannel reports. The firm bought 24,032 shares of the utilities provider’s stock, valued at approximately $3,345,000.

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

American Water Works Price Performance

NYSE AWK opened at $139.67 on Monday. The company has a 50-day moving average price of $131.17 and a 200-day moving average price of $133.53. American Water Works Company, Inc. has a 52 week low of $121.28 and a 52 week high of $155.50. The company has a quick ratio of 0.44, a current ratio of 0.46 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $27.26 billion, a P/E ratio of 24.55, a PEG ratio of 3.26 and a beta of 0.77.

American Water Works (NYSE:AWK) last posted 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). American Water Works had a return on equity of 10.38% and a net margin of 21.61%.The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the business posted $1.15 EPS. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. Equities research analysts anticipate that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. UBS Group set a $149.00 target price on shares of American Water Works in a research note on Wednesday, December 17th. Barclays decreased their price objective 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. Wells Fargo & Company lowered their price objective on shares of American Water Works from $142.00 to $126.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 20th. Bank of America upgraded shares of American Water Works from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $117.00 to $139.00 in a report on Monday, January 12th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of American Water Works in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus 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.