Covea Finance Sells 43,600 Shares of American Water Works Company, Inc. $AWK

Covea Finance lessened its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 25.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 130,567 shares of the utilities provider’s stock after selling 43,600 shares during the period. Covea Finance’s holdings in American Water Works were worth $17,039,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AWK. American National Bank & Trust acquired a new position in American Water Works during the 3rd quarter worth about $26,000. Grey Fox Wealth Advisors LLC acquired a new stake in American Water Works in the 3rd quarter valued at about $27,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of American Water Works in the third quarter worth about $28,000. Elevation Point Wealth Partners LLC bought a new position in shares of American Water Works in the second quarter worth about $29,000. Finally, Cloud Capital Management LLC acquired a new position in shares of American Water Works during the third quarter worth approximately $29,000. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Trading Down 0.7%

AWK opened at $136.20 on Friday. The firm has a 50 day simple moving average of $132.11 and a 200 day simple moving average of $133.46. American Water Works Company, Inc. has a fifty-two week low of $121.28 and a fifty-two week high of $155.50. The company has a market cap of $26.60 billion, a price-to-earnings ratio of 23.94, a price-to-earnings-growth ratio of 3.20 and a beta of 0.77. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.46 and a quick ratio of 0.44.

American Water Works (NYSE:AWK) last announced 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 net margin of 21.61% and a return on equity of 10.38%. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the business posted $1.15 earnings per share. American Water Works’s 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. On average, sell-side analysts anticipate that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on AWK shares. Barclays decreased their price target 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. Wells Fargo & Company reduced their price objective on 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. Weiss Ratings reiterated a “hold (c)” rating on shares of American Water Works in a research report on Monday, December 29th. Bank of America raised American Water Works from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $117.00 to $139.00 in a research note on Monday, January 12th. Finally, UBS Group set a $149.00 target price on American Water Works in a research report on Wednesday, December 17th. One research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, American Water Works 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.