Fulcrum Asset Management LLP Buys 13,133 Shares of American Water Works Company, Inc. $AWK

Fulcrum Asset Management LLP raised its stake in American Water Works Company, Inc. (NYSE:AWK) by 43.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,701 shares of the utilities provider’s stock after buying an additional 13,133 shares during the period. American Water Works comprises 1.7% of Fulcrum Asset Management LLP’s holdings, making the stock its 13th biggest holding. Fulcrum Asset Management LLP’s holdings in American Water Works were worth $6,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. New York State Common Retirement Fund lifted its holdings in shares of American Water Works by 14.5% in the 3rd quarter. New York State Common Retirement Fund now owns 350,471 shares of the utilities provider’s stock worth $48,782,000 after buying an additional 44,336 shares during the period. Wesbanco Bank Inc. grew its position in shares of American Water Works by 5.6% during the 3rd quarter. Wesbanco Bank Inc. now owns 85,976 shares of the utilities provider’s stock worth $11,967,000 after buying an additional 4,553 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of American Water Works by 31.7% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 136,504 shares of the utilities provider’s stock valued at $19,000,000 after buying an additional 32,834 shares during the period. Swedbank AB raised its holdings 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 acquiring an additional 120,890 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its holdings in shares of American Water Works by 7.2% in the third quarter. Asset Management One Co. Ltd. now owns 116,690 shares of the utilities provider’s stock valued at $16,242,000 after acquiring an additional 7,831 shares in the last quarter. 86.58% of the stock is currently owned by institutional investors.

American Water Works Price Performance

Shares of AWK stock opened at $137.15 on Thursday. The stock’s 50-day moving average is $131.79 and its 200 day moving average is $133.49. American Water Works Company, Inc. has a 1-year low of $121.28 and a 1-year high of $155.50. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.46 and a quick ratio of 0.44. The company has a market cap of $26.78 billion, a P/E ratio of 24.10, a PEG ratio of 3.22 and a beta of 0.77.

American Water Works (NYSE:AWK) last announced its earnings results on Wednesday, February 18th. The utilities provider reported $1.24 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 return on equity of 10.38% and a net margin of 21.61%.The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. 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. Research analysts predict that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. 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 report on Tuesday, January 20th. Barclays reduced 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. Bank of America raised shares of American Water Works from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $117.00 to $139.00 in a research report on Monday, January 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of American Water Works in a research note on Monday, December 29th. Finally, UBS Group set a $149.00 price objective on shares of American Water Works in a report on Wednesday, December 17th. One equities research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $140.89.

American Water Works Company 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.