Family Legacy Inc. Invests $488,000 in American Water Works Company, Inc. $AWK

Family Legacy Inc. bought a new stake in shares of American Water Works Company, Inc. (NYSE:AWK) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,705 shares of the utilities provider’s stock, valued at approximately $488,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Salomon & Ludwin LLC raised its holdings in shares of American Water Works by 71.7% during the 4th quarter. Salomon & Ludwin LLC now owns 194 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 81 shares in the last quarter. Reflection Asset Management purchased a new position in shares of American Water Works during the 4th quarter worth about $25,000. Transamerica Financial Advisors LLC boosted its position in shares of 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 buying an additional 90 shares during the period. Nemes Rush Group LLC purchased a new stake in American Water Works in the fourth quarter worth $27,000. Finally, Ascentis Independent Advisors bought a new position in shares of American Water Works in the first quarter worth about $27,000. 86.58% of the stock is currently owned by institutional investors.

American Water Works Stock Down 0.2%

Shares of NYSE:AWK opened at $136.25 on Friday. American Water Works Company, Inc. has a 52-week low of $120.57 and a 52-week high of $147.87. The stock has a market cap of $27.08 billion, a P/E ratio of 23.61, a PEG ratio of 2.75 and a beta of 0.60. The business has a fifty day moving average of $131.81 and a two-hundred day moving average of $131.25. 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 (NYSE:AWK) last announced its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.61 EPS for the quarter, beating the consensus estimate of $1.53 by $0.08. American Water Works had a return on equity of 10.20% and a net margin of 21.35%.The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the company posted $1.48 EPS. The company’s quarterly 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. On average, research analysts expect that American Water Works Company, Inc. will post 6.09 earnings per share for the current year.

American Water Works Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have commented on AWK shares. JPMorgan Chase & Co. raised their price objective on American Water Works from $138.00 to $147.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Weiss Ratings restated a “hold (c)” rating on shares of American Water Works in a research note on Wednesday, June 24th. Mizuho lifted 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 note on Friday, July 31st. Barclays boosted their price target on 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 reaffirmed a “neutral” rating on shares of American Water Works in a 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 MarketBeat, the company has an average rating of “Hold” and an average target price 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.