Miller Howard Investments Inc. NY Purchases 16,653 Shares of American Water Works Company, Inc. $AWK

Miller Howard Investments Inc. NY lifted its position in American Water Works Company, Inc. (NYSE:AWK) by 39.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 58,467 shares of the utilities provider’s stock after buying an additional 16,653 shares during the period. Miller Howard Investments Inc. NY’s holdings in American Water Works were worth $7,957,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp boosted its stake in American Water Works by 4.2% in the fourth quarter. State Street Corp now owns 12,037,823 shares of the utilities provider’s stock valued at $1,570,936,000 after acquiring an additional 486,090 shares in the last quarter. Wellington Management Group LLP increased its position 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 worth $925,605,000 after purchasing an additional 6,882,575 shares in the last quarter. GQG Partners LLC increased its position in shares of American Water Works by 64.2% during the fourth quarter. GQG Partners LLC now owns 6,493,161 shares of the utilities provider’s stock worth $847,361,000 after purchasing an additional 2,539,683 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of American Water Works by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 5,039,122 shares of the utilities provider’s stock valued at $655,025,000 after purchasing an additional 33,359 shares during the last quarter. Finally, Amundi lifted its holdings in shares of American Water Works by 7.1% during the 4th quarter. Amundi now owns 4,171,929 shares of the utilities provider’s stock valued at $544,420,000 after purchasing an additional 275,511 shares during the last quarter. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Analyst Ratings Changes

AWK has been the topic of several research analyst reports. Barclays boosted their target price on American Water Works from $122.00 to $124.00 and gave the stock an “underweight” rating in a research note on Monday, April 20th. UBS Group upgraded American Water Works from a “neutral” rating to a “buy” rating and increased their price target for the company from $137.00 to $140.00 in a research note on Friday, May 29th. Bank of America lowered their price target on American Water Works from $147.00 to $134.00 and set a “neutral” rating for the company in a report on Thursday, May 21st. Wells Fargo & Company set a $131.00 price target on American Water Works in a research note on Tuesday, April 21st. Finally, Truist Financial cut their price objective on shares of American Water Works from $137.00 to $130.00 and set a “hold” rating on the stock in a report on Friday, May 29th. Two investment 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.com, the stock has an average rating of “Hold” and an average target price of $138.11.

American Water Works Trading Up 1.5%

NYSE:AWK opened at $126.77 on Wednesday. The company has a market capitalization of $24.76 billion, a P/E ratio of 22.48, a PEG ratio of 2.71 and a beta of 0.62. 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 12 month low of $120.57 and a 12 month high of $147.87. The firm has a fifty day simple moving average of $126.93 and a 200-day simple moving average of $130.43.

American Water Works (NYSE:AWK) last released its earnings results on Wednesday, April 29th. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.09). The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.17 billion. American Water Works had a net margin of 21.17% and a return on equity of 10.20%. American Water Works’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.05 earnings per share. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. On average, equities research analysts anticipate that American Water Works Company, Inc. will post 6.09 earnings per share for the current year.

American Water Works Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 12th were paid a dividend of $0.895 per share. This represents a $3.58 annualized dividend and a yield of 2.8%. The ex-dividend date was Tuesday, May 12th. This is a boost from American Water Works’s previous quarterly dividend of $0.83. American Water Works’s dividend payout ratio (DPR) is presently 63.48%.

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.