MASTERINVEST Kapitalanlage GmbH acquired a new position in shares of American Water Works Company, Inc. (NYSE:AWK – Free Report) in the second quarter, HoldingsChannel reports. The fund acquired 6,916 shares of the utilities provider’s stock, valued at approximately $910,000.
Other large investors have also made changes to their positions in the company. Reflection Asset Management purchased a new position in shares of American Water Works in the 4th quarter valued at $25,000. Ascentis Independent Advisors purchased a new stake in American Water Works during the 1st quarter worth $27,000. Transamerica Financial Advisors LLC boosted its position in American Water Works by 82.6% during the 4th quarter. Transamerica Financial Advisors LLC now owns 199 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 90 shares during the period. Nemes Rush Group LLC acquired a new stake in American Water Works in the 4th quarter valued at $27,000. Finally, Harborfront Financial Group LLC acquired a new stake in American Water Works in the 2nd quarter valued at $29,000. 86.58% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have commented on the company. Truist Financial set a $139.00 price objective on American Water Works in a research note on Tuesday, August 4th. Mizuho raised their target price on American Water Works from $130.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Bank of America reiterated a “neutral” rating on shares of American Water Works in a report on Thursday, July 16th. JPMorgan Chase & Co. upped their price target on American Water Works from $138.00 to $147.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of American Water Works in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, American Water Works currently has a consensus rating of “Hold” and an average target price of $138.78.
American Water Works Stock Performance
NYSE:AWK opened at $138.19 on Friday. The firm has a 50-day moving average of $134.13 and a two-hundred day moving average of $131.94. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.52 and a quick ratio of 0.49. The stock has a market cap of $27.46 billion, a P/E ratio of 23.95, a PEG ratio of 2.79 and a beta of 0.60. American Water Works Company, Inc. has a 1-year low of $120.57 and a 1-year high of $145.64.
American Water Works (NYSE:AWK – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.08. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.33 billion. American Water Works had a net margin of 21.35% and a return on equity of 10.20%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.48 earnings per share. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. On average, research analysts expect that American Water Works Company, Inc. will post 6.09 earnings per share for the current fiscal year.
American Water Works Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be paid a $0.895 dividend. This represents a $3.58 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Tuesday, August 11th. American Water Works’s payout ratio is presently 62.05%.
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.
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