MSH Capital Advisors LLC purchased a new stake in shares of American Water Works Company, Inc. (NYSE:AWK – Free Report) in the 2nd quarter, HoldingsChannel reports. The fund purchased 20,238 shares of the utilities provider’s stock, valued at approximately $2,663,000.
A number of other institutional investors have also recently made changes to their positions in AWK. Salomon & Ludwin LLC grew its stake in shares of American Water Works by 71.7% during the fourth quarter. Salomon & Ludwin LLC now owns 194 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 81 shares during the last quarter. Reflection Asset Management purchased a new position in shares of American Water Works during the fourth quarter worth $25,000. Transamerica Financial Advisors LLC lifted its holdings 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 valued at $26,000 after buying an additional 90 shares during the period. Nemes Rush Group LLC acquired a new stake in shares of American Water Works during the 4th quarter worth approximately $27,000. Finally, Ascentis Independent Advisors acquired a new position in shares of American Water Works in the 1st quarter valued at $27,000. Institutional investors and hedge funds own 86.58% of the company’s stock.
Wall Street Analysts Forecast Growth
AWK has been the subject of a number of analyst reports. UBS Group upped their price target on American Water Works from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. JPMorgan Chase & Co. upped their price target on shares of American Water Works from $138.00 to $147.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Wall Street Zen raised shares of American Water Works from a “strong sell” rating to a “sell” rating in a research note on Monday, August 3rd. Bank of America reiterated a “neutral” rating on shares of American Water Works in a report on Thursday, July 16th. Finally, Barclays boosted their price objective on American Water Works from $124.00 to $130.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 15th. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $138.78.
American Water Works Stock Up 1.6%
NYSE AWK opened at $138.49 on Thursday. The business’s fifty day simple moving average is $132.51 and its 200-day simple moving average is $131.41. 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 firm has a market cap of $27.52 billion, a PE ratio of 24.00, a P/E/G ratio of 2.75 and a beta of 0.60. American Water Works Company, Inc. has a 52 week low of $120.57 and a 52 week high of $147.87.
American Water Works (NYSE:AWK – Get Free Report) 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. American Water Works had a net margin of 21.35% and a return on equity of 10.20%. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the firm posted $1.48 earnings per share. American Water Works’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. As a group, equities analysts anticipate that American Water Works Company, Inc. will post 6.09 earnings per share for the current year.
American Water Works Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be issued a $0.895 dividend. This represents a $3.58 annualized dividend and a yield of 2.6%. The ex-dividend date is Tuesday, August 11th. American Water Works’s payout ratio is presently 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.
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