American Water Works Company, Inc. $AWK Stock: Sumitomo Mitsui DS Asset Management Company Ltd Raises Position

Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 13.0% during the third quarter, HoldingsChannel reports. The firm owned 164,335 shares of the utilities provider’s stock after buying an additional 18,932 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in American Water Works were worth $22,005,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of AWK. Midway Capital Research & Management boosted its holdings in shares of American Water Works by 1,131.1% in the 3rd quarter. Midway Capital Research & Management now owns 13,850 shares of the utilities provider’s stock worth $1,793,000 after purchasing an additional 12,725 shares during the period. Jeppson Wealth Management LLC increased its position in shares of American Water Works by 2.9% during the 3rd quarter. Jeppson Wealth Management LLC now owns 3,897 shares of the utilities provider’s stock valued at $505,000 after purchasing an additional 109 shares during the last quarter. BDF Gestion purchased a new stake in American Water Works during the 3rd quarter valued at $1,212,000. Robertson Stephens Wealth Management LLC purchased a new stake in American Water Works during the 3rd quarter valued at $332,000. Finally, Frank Rimerman Advisors LLC raised its holdings in American Water Works by 11.8% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 1,701 shares of the utilities provider’s stock valued at $220,000 after buying an additional 180 shares during the period. 86.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

AWK has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price target on American Water Works from $138.00 to $147.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Weiss Ratings raised shares of American Water Works from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, October 2nd. Bank of America reiterated a “neutral” rating on shares of American Water Works in a research report on Thursday, July 16th. Wall Street Zen upgraded shares of American Water Works from a “strong sell” rating to a “sell” rating in a research report on Monday, August 3rd. Finally, Mizuho increased their target price on shares of American Water Works from $130.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, American Water Works currently has a consensus rating of “Hold” and an average price target of $136.75.

American Water Works Trading Up 1.7%

Shares of NYSE AWK opened at $135.82 on Wednesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.49 and a current ratio of 0.52. The business’s 50 day moving average price is $134.86 and its 200-day moving average price is $131.88. American Water Works Company, Inc. has a fifty-two week low of $120.57 and a fifty-two week high of $145.64. The company has a market cap of $26.99 billion, a price-to-earnings ratio of 23.54, a PEG ratio of 2.72 and a beta of 0.58.

American Water Works (NYSE:AWK) last issued its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. American Water Works had a return on equity of 10.20% and a net margin of 21.35%. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the company earned $1.48 EPS. American Water Works’s quarterly revenue was up 6.2% compared to the same quarter last year. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. On average, sell-side analysts expect that American Water Works Company, Inc. will post 6.08 earnings per share for the current year.

American Water Works Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th were paid a $0.8950 dividend. The ex-dividend date was Tuesday, August 11th. This represents a $3.58 dividend on an annualized basis and a yield of 2.6%. American Water Works’s dividend payout ratio (DPR) is presently 62.05%.

American Water Works Company Profile

American Water Works Company, Inc is a public water and wastewater utility that provides essential services to residential, commercial, industrial and institutional customers. Through its regulated businesses, the company supplies drinking water, collects and treats wastewater, and manages related infrastructure, including treatment plants, pipelines, storage facilities and customer service systems.

Founded in 1886, American Water has grown into one of the largest water and wastewater service providers in the United States.