5,749 Shares in American Water Works Company, Inc. $AWK Bought by Man Group plc

Man Group plc purchased a new stake in shares of American Water Works Company, Inc. (NYSE:AWK) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,749 shares of the utilities provider’s stock, valued at approximately $756,000.

A number of other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in American Water Works in the second quarter worth about $2,712,173,000. State Street Corp boosted its holdings in shares of American Water Works by 4.2% in the 4th 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 during the last quarter. GQG Partners LLC acquired a new stake in American Water Works during the 2nd quarter worth about $1,171,477,000. Wellington Management Group LLP grew its holdings in 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 acquiring an additional 6,882,575 shares during the period. Finally, Geode Capital Management LLC grew its stake 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 worth $655,025,000 after purchasing an additional 33,359 shares during the period. Institutional investors and hedge funds own 86.58% of the company’s stock.

Analysts Set New Price Targets

AWK has been the subject of a number of recent analyst reports. Mizuho boosted their price objective on American Water Works from $130.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. Truist Financial set a $139.00 price objective on shares of American Water Works in a report on Tuesday, August 4th. Weiss Ratings restated a “hold (c)” rating on shares of American Water Works in a research report on Wednesday, June 24th. Barclays lifted their target price on shares of American Water Works from $124.00 to $130.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 15th. Finally, JPMorgan Chase & Co. raised 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. One research 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $138.78.

American Water Works Stock Up 0.9%

Shares of AWK opened at $140.77 on Friday. The company’s 50-day moving average price is $135.02 and its 200 day moving average price is $132.32. American Water Works Company, Inc. has a 12-month low of $120.57 and a 12-month high of $145.64. The company has a current ratio of 0.52, a quick ratio of 0.49 and a debt-to-equity ratio of 1.20. The firm has a market cap of $27.98 billion, a P/E ratio of 24.40, a price-to-earnings-growth ratio of 2.84 and a beta of 0.59.

American Water Works (NYSE:AWK) last announced its earnings results on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.08. American Water Works had a net margin of 21.35% and a return on equity of 10.20%. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter last year, the firm posted $1.48 earnings per share. American Water Works’s revenue was up 6.2% compared to the same quarter last year. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. On average, sell-side analysts forecast 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 announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th were issued a $0.895 dividend. This represents a $3.58 annualized dividend and a yield of 2.5%. The ex-dividend date was Tuesday, August 11th. American Water Works’s dividend payout ratio (DPR) is 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.