Northwestern Mutual Wealth Management Co. Makes New $876,000 Investment in American Water Works Company, Inc. $AWK

Northwestern Mutual Wealth Management Co. bought a new position in American Water Works Company, Inc. (NYSE:AWK) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,660 shares of the utilities provider’s stock, valued at approximately $876,000.

Other large investors have also recently added to or reduced their stakes in the company. Evolve Private Wealth LLC purchased a new position in shares of American Water Works in the 2nd quarter worth $403,000. Westpac Banking Corp purchased a new stake in American Water Works during the second quarter valued at about $283,000. Sumitomo Life Insurance Co. acquired a new stake in American Water Works during the second quarter worth about $570,000. Korea Investment CORP acquired a new stake in American Water Works during the second quarter worth about $1,395,000. Finally, EP Wealth Advisors LLC purchased a new position in shares of American Water Works in the 2nd quarter worth about $296,000. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

American Water Works Trading Down 1.7%

Shares of AWK opened at $137.58 on Wednesday. American Water Works Company, Inc. has a 12 month low of $120.57 and a 12 month high of $145.64. The stock’s 50-day moving average is $133.40 and its two-hundred day moving average is $131.73. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.52 and a quick ratio of 0.49. The stock has a market cap of $27.34 billion, a PE ratio of 23.84, a P/E/G ratio of 2.85 and a beta of 0.60.

American Water Works (NYSE:AWK) last posted its earnings results on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share (EPS) 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 analyst estimates of $1.33 billion. American Water Works had a return on equity of 10.20% and a net margin of 21.35%.The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.48 earnings per share. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. Equities analysts forecast that American Water Works Company, Inc. will post 6.09 earnings per share for the current fiscal year.

American Water Works Dividend Announcement

The company also recently disclosed 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 of this dividend is Tuesday, August 11th. This represents a $3.58 annualized dividend and a yield of 2.6%. American Water Works’s dividend payout ratio (DPR) is 62.05%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AWK. Truist Financial set a $139.00 price objective on American Water Works in a research note on Tuesday, August 4th. Mizuho increased their target price 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. JPMorgan Chase & Co. raised their price target on shares of American Water Works from $138.00 to $147.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Water Works in a research report on Wednesday, June 24th. Finally, UBS Group boosted their price objective on shares of American Water Works from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $138.78.

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.