Quantitative Investment Management LLC Buys New Holdings in American Water Works Company, Inc. $AWK

Quantitative Investment Management LLC bought a new stake in shares of American Water Works Company, Inc. (NYSE:AWK) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,780 shares of the utilities provider’s stock, valued at approximately $760,000.

A number of other hedge funds have also bought and sold shares of AWK. Cbre Investment Management Listed Real Assets LLC boosted its holdings in American Water Works by 82.7% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 21,430 shares of the utilities provider’s stock worth $2,797,000 after buying an additional 9,698 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in shares of American Water Works during the 1st quarter worth approximately $1,347,000. Generali Asset Management SPA SGR grew its position in American Water Works by 73.8% in the 4th quarter. Generali Asset Management SPA SGR now owns 25,338 shares of the utilities provider’s stock valued at $3,307,000 after acquiring an additional 10,760 shares in the last quarter. Capital Innovations LLC purchased a new stake in shares of American Water Works during the fourth quarter worth $4,700,000. Finally, Erste Asset Management GmbH increased its stake in shares of American Water Works by 25.9% during the fourth quarter. Erste Asset Management GmbH now owns 69,893 shares of the utilities provider’s stock worth $9,142,000 after buying an additional 14,363 shares during the period. Institutional investors own 86.58% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on AWK. JPMorgan Chase & Co. raised their price objective on shares of American Water Works from $138.00 to $147.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Bank of America reaffirmed a “neutral” rating on shares of American Water Works in a research note on Thursday, July 16th. Wall Street Zen raised shares of American Water Works from a “strong sell” rating to a “sell” rating in a research note on Monday, August 3rd. UBS Group raised their price objective on American Water Works from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Finally, Barclays raised their price objective on American Water Works from $124.00 to $130.00 and gave the company an “underweight” rating in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, American Water Works currently has a consensus rating of “Hold” and a consensus price target of $138.78.

American Water Works Stock Down 0.7%

Shares of NYSE AWK opened at $137.25 on Wednesday. The business has a 50-day moving average of $134.61 and a 200-day moving average of $132.19. The company has a current ratio of 0.52, a quick ratio of 0.49 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $27.28 billion, a price-to-earnings ratio of 23.79, a PEG ratio of 2.82 and a beta of 0.59. American Water Works Company, Inc. has a 12 month low of $120.57 and a 12 month high of $145.64.

American Water Works (NYSE:AWK) last issued its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. American Water Works had a net margin of 21.35% and a return on equity of 10.20%. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period last year, the business earned $1.48 earnings per share. The business’s quarterly revenue was up 6.2% on a year-over-year basis. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. Sell-side 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 company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th were issued a dividend of $0.895 per share. This represents a $3.58 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Tuesday, August 11th. American Water Works’s dividend payout ratio is presently 62.05%.

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.