TSP Capital Management Group LLC Has $7.79 Million Holdings in American Water Works Company, Inc. $AWK

TSP Capital Management Group LLC boosted its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 378.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 57,210 shares of the utilities provider’s stock after purchasing an additional 45,260 shares during the period. American Water Works accounts for 1.9% of TSP Capital Management Group LLC’s investment portfolio, making the stock its 24th biggest holding. TSP Capital Management Group LLC’s holdings in American Water Works were worth $7,786,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of AWK. Salomon & Ludwin LLC raised its position in American Water Works by 71.7% during the fourth quarter. Salomon & Ludwin LLC now owns 194 shares of the utilities provider’s stock valued at $25,000 after buying an additional 81 shares during the period. Reflection Asset Management purchased a new position in American Water Works during the fourth quarter valued at approximately $25,000. Transamerica Financial Advisors LLC grew its position in American Water Works by 82.6% during the fourth quarter. Transamerica Financial Advisors LLC now owns 199 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 90 shares in the last quarter. Nemes Rush Group LLC acquired a new position in American Water Works in the 4th quarter valued at approximately $27,000. Finally, MV Capital Management Inc. purchased a new position in shares of American Water Works during the 4th quarter valued at $29,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Price Performance

American Water Works stock opened at $131.75 on Thursday. The firm has a market capitalization of $25.73 billion, a P/E ratio of 23.36, a PEG ratio of 2.86 and a beta of 0.61. The business has a 50-day moving average of $126.82 and a 200-day moving average of $130.53. The company has a current ratio of 0.37, a quick ratio of 0.34 and a debt-to-equity ratio of 1.16. American Water Works Company, Inc. has a 1 year low of $120.57 and a 1 year high of $147.87.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.09). American Water Works had a net margin of 21.17% and a return on equity of 10.20%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the firm posted $1.05 EPS. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. On average, equities analysts anticipate that American Water Works Company, Inc. will post 6.08 EPS for the current year.

American Water Works Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 12th were given a dividend of $0.895 per share. This is an increase from American Water Works’s previous quarterly dividend of $0.83. This represents a $3.58 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, May 12th. American Water Works’s payout ratio is 63.48%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Wall Street Zen raised American Water Works from a “strong sell” rating to a “sell” rating in a research note on Sunday, April 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of American Water Works in a report on Wednesday, June 24th. Truist Financial lowered their target price on shares of American Water Works from $137.00 to $130.00 and set a “hold” rating on the stock in a research note on Friday, May 29th. Barclays lifted their target price on shares of American Water Works from $122.00 to $124.00 and gave the stock an “underweight” rating in a report on Monday, April 20th. Finally, Bank of America cut their target price on shares of American Water Works from $147.00 to $134.00 and set a “neutral” rating for the company in a research report on Thursday, May 21st. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, American Water Works currently has a consensus rating of “Hold” and an average price target of $138.11.

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.