Magellan Asset Management Ltd Makes New $29.39 Million Investment in American Water Works Company, Inc. $AWK

Magellan Asset Management Ltd purchased a new stake in shares of American Water Works Company, Inc. (NYSE:AWK) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 223,384 shares of the utilities provider’s stock, valued at approximately $29,393,000.

A number of other institutional investors and hedge funds have also made changes to their positions in AWK. BlackRock Inc. bought a new stake in American Water Works during the second quarter worth approximately $2,712,173,000. GQG Partners LLC bought a new stake in American Water Works during the 2nd quarter valued at about $1,171,477,000. Wellington Management Group LLP raised its stake in shares of American Water Works by 3,274.6% during the fourth quarter. Wellington Management Group LLP now owns 7,092,757 shares of the utilities provider’s stock valued at $925,605,000 after acquiring an additional 6,882,575 shares in the last quarter. Norges Bank purchased a new stake in shares of American Water Works in the 4th quarter worth $337,004,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of American Water Works by 383.0% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,596,125 shares of the utilities provider’s stock worth $361,355,000 after buying an additional 2,058,656 shares in the last quarter. 86.58% of the stock is owned by hedge funds and other institutional investors.

American Water Works Stock Performance

Shares of American Water Works stock opened at $135.66 on Monday. The company has a market capitalization of $26.96 billion, a PE ratio of 23.51, a P/E/G ratio of 2.76 and a beta of 0.60. The company has a 50-day simple moving average of $132.95 and a two-hundred day simple moving average of $131.54. American Water Works Company, Inc. has a one year low of $120.57 and a one year high of $147.84. 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 (NYSE:AWK) last posted its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.61 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the previous year, the business posted $1.48 EPS. American Water Works’s 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. Research analysts expect that American Water Works Company, Inc. will post 6.09 EPS for the current fiscal year.

American Water Works Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be given a $0.895 dividend. This represents a $3.58 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, August 11th. American Water Works’s dividend payout ratio (DPR) is presently 62.05%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Wall Street Zen upgraded American Water Works from a “strong sell” rating to a “sell” rating in a report on Monday, August 3rd. Bank of America restated a “neutral” rating on shares of American Water Works in a report on Thursday, July 16th. JPMorgan Chase & Co. upped their price target on shares of American Water Works from $138.00 to $147.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Weiss Ratings reissued a “hold (c)” rating on shares of American Water Works in a report on Wednesday, June 24th. Finally, Barclays boosted their price objective on shares of American Water Works from $124.00 to $130.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $138.78.

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.