American Water Works Company, Inc. $AWK Shares Newly Acquired by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC acquired a new position in American Water Works Company, Inc. (NYSE:AWK) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 204,510 shares of the utilities provider’s stock, valued at approximately $26,478,000.

A number of other large investors have also recently made changes to their positions in the stock. Mn Services Vermogensbeheer B.V. increased its stake in American Water Works by 66.5% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 94,758 shares of the utilities provider’s stock worth $12,268,000 after acquiring an additional 37,858 shares during the last quarter. Acropolis Investment Management LLC bought a new position in shares of American Water Works during the 3rd quarter valued at approximately $83,000. GAMMA Investing LLC grew its holdings in shares of American Water Works by 190.6% in the third quarter. GAMMA Investing LLC now owns 16,167 shares of the utilities provider’s stock valued at $2,093,000 after purchasing an additional 10,603 shares in the last quarter. Green Alpha Advisors LLC increased its position in American Water Works by 64.6% in the third quarter. Green Alpha Advisors LLC now owns 2,872 shares of the utilities provider’s stock worth $372,000 after purchasing an additional 1,127 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in American Water Works by 80.6% in the third quarter. Farther Finance Advisors LLC now owns 10,691 shares of the utilities provider’s stock worth $1,384,000 after purchasing an additional 4,772 shares during the last quarter. 86.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on AWK. Truist Financial set a $139.00 price objective on shares of American Water Works in a research report on Tuesday, August 4th. Bank of America restated a “neutral” rating on shares of American Water Works in a report on Thursday, July 16th. Barclays increased their price target on shares of American Water Works from $124.00 to $130.00 and gave the company an “underweight” rating in a report on Wednesday, July 15th. Mizuho lifted their price target on American Water Works from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Finally, UBS Group upped their price objective on American Water Works from $156.00 to $162.00 and gave the company a “buy” rating in a research report on Thursday, September 10th. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $140.11.

American Water Works Trading Up 0.5%

NYSE AWK traded up $0.68 during trading on Friday, hitting $128.86. The stock had a trading volume of 329,702 shares, compared to its average volume of 2,000,307. 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 stock has a market capitalization of $25.61 billion, a price-to-earnings ratio of 22.33, a P/E/G ratio of 2.60 and a beta of 0.58. American Water Works Company, Inc. has a one year low of $120.57 and a one year high of $145.64. The stock has a 50 day simple moving average of $135.21 and a 200 day simple moving average of $132.10.

American Water Works (NYSE:AWK) last released its 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 return on equity of 10.20% and a net margin of 21.35%.The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the prior year, the firm posted $1.48 earnings per share. The company’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 predict that American Water Works Company, Inc. will post 6.09 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. Stockholders of record on Tuesday, August 11th were given a dividend of $0.8950 per share. This represents a $3.58 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Tuesday, August 11th. American Water Works’s dividend payout ratio (DPR) is 62.05%.

About American Water Works

American Water Works Company, Inc is a public water and wastewater utility that provides essential services to residential, commercial, industrial, and governmental customers in the United States. Through its regulated operations, the company collects, treats, distributes, and manages drinking water, as well as collects and treats wastewater.

The company also provides services through businesses that support utilities, municipalities, military installations, and other public-sector customers.