Clear Harbor Asset Management LLC Purchases New Holdings in American Water Works Company, Inc. $AWK

Clear Harbor Asset Management LLC purchased a new position in shares of American Water Works Company, Inc. (NYSE:AWK) during the second quarter, Holdings Channel reports. The firm purchased 162,907 shares of the utilities provider’s stock, valued at approximately $21,435,000. American Water Works makes up approximately 1.3% of Clear Harbor Asset Management LLC’s holdings, making the stock its 18th biggest holding.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Empowered Funds LLC increased its position in shares of American Water Works by 11.5% in the first quarter. Empowered Funds LLC now owns 5,912 shares of the utilities provider’s stock worth $872,000 after purchasing an additional 609 shares during the period. Woodline Partners LP raised its stake in American Water Works by 40.7% in the first quarter. Woodline Partners LP now owns 16,466 shares of the utilities provider’s stock valued at $2,429,000 after purchasing an additional 4,762 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in American Water Works during the second quarter worth about $302,000. Cresset Asset Management LLC lifted its position in American Water Works by 1.5% during the second quarter. Cresset Asset Management LLC now owns 5,865 shares of the utilities provider’s stock worth $816,000 after purchasing an additional 85 shares during the period. Finally, Gamco Investors INC. ET AL grew its stake in American Water Works by 184.4% during the second quarter. Gamco Investors INC. ET AL now owns 5,492 shares of the utilities provider’s stock worth $764,000 after buying an additional 3,561 shares in the last quarter. Institutional investors own 86.58% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on AWK shares. UBS Group raised their target price on shares of American Water Works from $140.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. 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 report on Wednesday, July 8th. Mizuho increased their price target on shares of American Water Works from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Barclays lifted their price objective on shares of American Water Works from $124.00 to $130.00 and gave the company an “underweight” rating in a research note on Wednesday, July 15th. Finally, Bank of America restated a “neutral” rating on shares of American Water Works in a research report on Thursday, July 16th. One investment 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. According to data from MarketBeat, American Water Works has an average rating of “Hold” and a consensus target price of $138.78.

American Water Works Stock Performance

NYSE:AWK opened at $135.66 on Friday. The stock’s 50-day simple moving average is $132.95 and its 200 day simple moving average is $131.50. The firm has a market capitalization of $26.96 billion, a PE ratio of 23.51, a price-to-earnings-growth ratio of 2.74 and a beta of 0.60. The company has a quick ratio of 0.49, a current ratio of 0.52 and a debt-to-equity ratio of 1.20. American Water Works Company, Inc. has a twelve month low of $120.57 and a twelve month high of $147.84.

American Water Works (NYSE:AWK) last announced its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.08. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. American Water Works had a net margin of 21.35% and a return on equity of 10.20%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.48 EPS. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. On average, analysts anticipate 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 announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be given a $0.895 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $3.58 dividend on an annualized basis and a yield of 2.6%. American Water Works’s dividend payout ratio (DPR) is currently 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.