Corient Private Wealth LP Buys New Stake in American Water Works Company, Inc. $AWK

Corient Private Wealth LP bought a new stake in American Water Works Company, Inc. (NYSE:AWK – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 89,989 shares of the utilities provider’s stock, valued at approximately $11,841,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Reflection Asset Management acquired a new position in shares of American Water Works during the 4th quarter worth about $25,000. Transamerica Financial Advisors LLC raised its position in shares of American Water Works by 82.6% during the 4th quarter. Transamerica Financial Advisors LLC now owns 199 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 90 shares in the last quarter. Nemes Rush Group LLC purchased a new stake in American Water Works during the fourth quarter worth approximately $27,000. Ascentis Independent Advisors purchased a new stake in American Water Works during the first quarter worth approximately $27,000. Finally, MV Capital Management Inc. acquired a new position in American Water Works in the fourth quarter valued at approximately $29,000. 86.58% of the stock is currently owned by institutional investors and hedge funds.

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American Water Works Stock Performance

Shares of AWK opened at $138.19 on Friday. 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 $27.46 billion, a PE ratio of 23.95, a price-to-earnings-growth ratio of 2.82 and a beta of 0.60. The company’s 50 day simple moving average is $134.13 and its 200-day simple moving average is $131.94. American Water Works Company, Inc. has a 12-month low of $120.57 and a 12-month high of $145.64.

American Water Works (NYSE:AWK – Get Free Report) last announced its earnings results on Wednesday, July 29th. The utilities provider reported $1.61 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 business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the previous 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. As a group, equities analysts predict that American Water Works Company, Inc. will post 6.09 EPS for the current year.

American Water Works Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. JPMorgan Chase & Co. increased their price target on shares of American Water Works from $138.00 to $147.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Weiss Ratings restated a “hold (c)” rating on shares of American Water Works in a report on Wednesday, June 24th. Truist Financial set a $139.00 target price on shares of American Water Works in a research report on Tuesday, August 4th. Barclays lifted their price target 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, Wall Street Zen raised shares of American Water Works from a “strong sell” rating to a “sell” rating in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $138.78.

Check Out Our Latest Stock Analysis on AWK

About American Water Works

(Free Report)

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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