LGT Capital Partners LTD. Purchases 7,700 Shares of American Water Works Company, Inc. $AWK

LGT Capital Partners LTD. boosted its position in American Water Works Company, Inc. (NYSE:AWK) by 41.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,480 shares of the utilities provider’s stock after acquiring an additional 7,700 shares during the period. LGT Capital Partners LTD.’s holdings in American Water Works were worth $3,456,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Commonwealth Retirement Investments LLC bought a new stake in American Water Works in the 4th quarter worth $58,000. West Family Investments Inc. boosted its stake in shares of American Water Works by 22.7% during the 4th quarter. West Family Investments Inc. now owns 4,003 shares of the utilities provider’s stock valued at $522,000 after purchasing an additional 740 shares in the last quarter. LPL Financial LLC boosted its stake in shares of American Water Works by 3.4% during the 4th quarter. LPL Financial LLC now owns 420,743 shares of the utilities provider’s stock valued at $54,907,000 after purchasing an additional 13,733 shares in the last quarter. Erste Asset Management GmbH boosted its stake in shares of American Water Works by 25.9% during the 4th quarter. Erste Asset Management GmbH now owns 69,893 shares of the utilities provider’s stock valued at $9,142,000 after purchasing an additional 14,363 shares in the last quarter. Finally, RWC Asset Management LLP boosted its stake in shares of American Water Works by 69.2% during the 4th quarter. RWC Asset Management LLP now owns 40,197 shares of the utilities provider’s stock valued at $5,246,000 after purchasing an additional 16,434 shares in the last quarter. Institutional investors own 86.58% of the company’s stock.

American Water Works Trading Down 1.6%

NYSE:AWK opened at $122.53 on Tuesday. American Water Works Company, Inc. has a one year low of $120.57 and a one year high of $147.87. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.37 and a quick ratio of 0.34. The company’s 50-day simple moving average is $129.43 and its 200 day simple moving average is $130.77. The firm has a market capitalization of $23.93 billion, a P/E ratio of 21.73, a PEG ratio of 2.70 and a beta of 0.62.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $1.01 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.09). American Water Works had a return on equity of 10.20% and a net margin of 21.17%.The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the firm earned $1.05 EPS. The company’s revenue was up 5.7% on a year-over-year basis. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. As a group, analysts forecast that American Water Works Company, Inc. will post 6.09 EPS for the current fiscal year.

American Water Works Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 12th were paid a dividend of $0.895 per share. The ex-dividend date of this dividend was Tuesday, May 12th. This is an increase from American Water Works’s previous quarterly dividend of $0.83. This represents a $3.58 annualized dividend and a yield of 2.9%. American Water Works’s payout ratio is presently 63.48%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AWK. Truist Financial cut their target price on shares of American Water Works from $137.00 to $130.00 and set a “hold” rating on the stock in a research note on Friday, May 29th. Wall Street Zen raised shares of American Water Works from a “strong sell” rating to a “sell” rating in a research note on Sunday, April 26th. Wells Fargo & Company set a $131.00 target price on shares of American Water Works in a research note on Tuesday, April 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Water Works in a research note on Friday, March 27th. Finally, Bank of America cut their target price on shares of American Water Works from $147.00 to $134.00 and set a “neutral” rating on the stock in a research note on Thursday, May 21st. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $138.11.

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.