American Water Works (NYSE:AWK – Free Report) had its price objective boosted by JPMorgan Chase & Co. from $138.00 to $147.00 in a research note published on Wednesday morning,Benzinga reports. They currently have a neutral rating on the utilities provider’s stock.
Several other research analysts have also recently commented on the stock. UBS Group upped their target price on shares of American Water Works from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Wells Fargo & Company set a $131.00 price target on American Water Works in a report on Tuesday, April 21st. Bank of America reduced their price objective on American Water Works from $147.00 to $134.00 and set a “neutral” rating for the company in a research report on Thursday, May 21st. Weiss Ratings restated a “hold (c)” rating on shares of American Water Works in a research report on Wednesday, June 24th. Finally, Barclays boosted their price target on American Water Works from $122.00 to $124.00 and gave the stock an “underweight” rating in a research report on Monday, April 20th. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, American Water Works currently has an average rating of “Hold” and an average price target of $140.00.
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American Water Works Stock Performance
American Water Works (NYSE:AWK – Get Free Report) last announced its quarterly 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). American Water Works had a net margin of 21.17% and a return on equity of 10.20%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the firm posted $1.05 EPS. The business’s revenue was up 5.7% compared to the same quarter last year. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. On average, research analysts predict that American Water Works will post 6.08 EPS for the current year.
American Water Works Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 12th were given a $0.895 dividend. This is a boost from American Water Works’s previous quarterly dividend of $0.83. The ex-dividend date was Tuesday, May 12th. This represents a $3.58 annualized dividend and a dividend yield of 2.7%. American Water Works’s payout ratio is currently 63.48%.
Institutional Trading of American Water Works
Several large investors have recently added to or reduced their stakes in AWK. State Street Corp raised its position in American Water Works by 4.2% during 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 buying an additional 486,090 shares during the period. Wellington Management Group LLP grew its stake in American Water Works by 3,274.6% during the 4th quarter. Wellington Management Group LLP now owns 7,092,757 shares of the utilities provider’s stock valued at $925,605,000 after acquiring an additional 6,882,575 shares in the last quarter. GQG Partners LLC grew its stake in American Water Works by 64.2% during the 4th quarter. GQG Partners LLC now owns 6,493,161 shares of the utilities provider’s stock valued at $847,361,000 after acquiring an additional 2,539,683 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of American Water Works by 0.7% in 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 period. Finally, Amundi increased its holdings in shares of American Water Works by 4.3% in the 1st quarter. Amundi now owns 4,351,056 shares of the utilities provider’s stock valued at $592,081,000 after purchasing an additional 179,127 shares during the period. 86.58% of the stock is owned by institutional investors and hedge funds.
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.
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