Formuepleje A S Buys Shares of 10,388 American Water Works Company, Inc. $AWK

Formuepleje A S purchased a new stake in shares of American Water Works Company, Inc. (NYSE:AWK) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 10,388 shares of the utilities provider’s stock, valued at approximately $1,367,000.

Several other hedge funds have also recently made changes to their positions in the stock. Versant Capital Management Inc lifted its position in American Water Works by 6.6% during the second quarter. Versant Capital Management Inc now owns 1,199 shares of the utilities provider’s stock valued at $158,000 after purchasing an additional 74 shares during the period. Faithward Advisors LLC raised its stake in American Water Works by 5.4% during the 3rd quarter. Faithward Advisors LLC now owns 1,602 shares of the utilities provider’s stock valued at $223,000 after buying an additional 82 shares during the last quarter. Cresset Asset Management LLC lifted its holdings in shares of American Water Works by 1.5% during the 2nd quarter. Cresset Asset Management LLC now owns 5,865 shares of the utilities provider’s stock valued at $816,000 after buying an additional 85 shares during the period. Transamerica Financial Advisors LLC boosted its stake in shares of American Water Works by 82.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 199 shares of the utilities provider’s stock worth $26,000 after buying an additional 90 shares during the last quarter. Finally, Focused Wealth Management Inc grew its holdings in shares of American Water Works by 4.1% in the first quarter. Focused Wealth Management Inc now owns 2,376 shares of the utilities provider’s stock worth $323,000 after acquiring an additional 93 shares during the period. 86.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. UBS Group increased their target price on American Water Works from $140.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Barclays increased their price objective 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. Weiss Ratings restated a “hold (c)” rating on shares of American Water Works in a research report on Wednesday, June 24th. Bank of America reaffirmed a “neutral” rating on shares of American Water Works in a report on Thursday, July 16th. Finally, Truist Financial set a $139.00 price target on shares of American Water Works in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, American Water Works presently has an average rating of “Hold” and an average target price of $138.78.

American Water Works Stock Down 0.1%

NYSE AWK opened at $140.49 on Monday. American Water Works Company, Inc. has a 52 week low of $120.57 and a 52 week high of $145.64. The company has a quick ratio of 0.49, a current ratio of 0.52 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $27.92 billion, a P/E ratio of 24.35, a price-to-earnings-growth ratio of 2.87 and a beta of 0.59. The stock’s 50-day moving average price is $135.18 and its 200-day moving average price is $132.37.

American Water Works (NYSE:AWK) last announced its quarterly earnings data 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 company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. American Water Works had a return on equity of 10.20% and a net margin of 21.35%.The firm’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.48 EPS. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. On average, equities research analysts predict that American Water Works Company, Inc. will post 6.09 earnings per share for the current year.

American Water Works Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th were given a $0.895 dividend. This represents a $3.58 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Tuesday, August 11th. American Water Works’s dividend payout ratio is presently 62.05%.

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.