Red Spruce Capital LLC Has $3.32 Million Stake in American Water Works Company, Inc. $AWK

Red Spruce Capital LLC grew its stake in American Water Works Company, Inc. (NYSE:AWK) by 25.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,244 shares of the utilities provider’s stock after purchasing an additional 5,114 shares during the period. Red Spruce Capital LLC’s holdings in American Water Works were worth $3,322,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in AWK. Reflection Asset Management bought a new position in American Water Works in the 4th quarter valued at approximately $25,000. Salomon & Ludwin LLC grew its stake in shares of American Water Works by 71.7% during the fourth quarter. Salomon & Ludwin LLC now owns 194 shares of the utilities provider’s stock worth $25,000 after buying an additional 81 shares during the last quarter. Ascentis Independent Advisors bought a new stake in shares of American Water Works during the first quarter worth $27,000. Transamerica Financial Advisors LLC increased its holdings in shares of American Water Works by 82.6% during the fourth quarter. Transamerica Financial Advisors LLC now owns 199 shares of the utilities provider’s stock worth $26,000 after buying an additional 90 shares in the last quarter. Finally, Nemes Rush Group LLC acquired a new position in shares of American Water Works during the fourth quarter worth $27,000. 86.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AWK shares. Barclays raised their price objective on American Water Works from $124.00 to $130.00 and gave the company an “underweight” rating in a report on Wednesday, July 15th. UBS Group upped their target price on American Water Works from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Wells Fargo & Company set a $131.00 target price on American Water Works in a research report on Tuesday, April 21st. Bank of America reissued a “neutral” rating on shares of American Water Works in a research note on Thursday, July 16th. Finally, Truist Financial set a $139.00 price target on American Water Works in a report on Tuesday. Two research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, American Water Works presently has an average rating of “Hold” and an average target price of $140.90.

American Water Works Price Performance

Shares of NYSE:AWK opened at $134.65 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.49 and a current ratio of 0.52. American Water Works Company, Inc. has a 52 week low of $120.57 and a 52 week high of $147.87. The firm has a market cap of $26.76 billion, a PE ratio of 23.34, a price-to-earnings-growth ratio of 2.71 and a beta of 0.60. The firm’s fifty day moving average is $130.31 and its 200-day moving average is $131.07.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. American Water Works had a return on equity of 10.20% and a net margin of 21.35%.American Water Works’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.48 earnings per share. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be paid a $0.895 dividend. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $3.58 annualized dividend and a dividend yield of 2.7%. American Water Works’s dividend payout ratio is presently 62.05%.

American Water Works 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.