Saudi Central Bank grew its holdings in shares of American Water Works Company, Inc. (NYSE:AWK – Free Report) by 89.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,670 shares of the utilities provider’s stock after buying an additional 6,466 shares during the quarter. Saudi Central Bank’s holdings in American Water Works were worth $1,799,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of AWK. BlackRock Inc. acquired a new position in American Water Works during the second quarter valued at approximately $2,712,173,000. GQG Partners LLC bought a new stake in shares of American Water Works during the 2nd quarter worth approximately $1,171,477,000. Wellington Management Group LLP raised its stake in shares of 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 worth $925,605,000 after purchasing an additional 6,882,575 shares in the last quarter. Legal & General Group Plc acquired a new stake in shares of American Water Works in the 2nd quarter valued at approximately $443,787,000. Finally, Bank of America Corp DE bought a new position in shares of American Water Works in the second quarter valued at $367,632,000. Institutional investors and hedge funds own 86.58% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have recently commented on AWK shares. Truist Financial set a $139.00 price objective on shares of American Water Works in a research report on Tuesday, August 4th. Barclays upped their price objective on American Water Works from $124.00 to $130.00 and gave the company an “underweight” rating in a research note on Wednesday, July 15th. Wall Street Zen upgraded American Water Works from a “strong sell” rating to a “sell” rating in a research note on Monday, August 3rd. UBS Group increased their price target on American Water Works from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of American Water Works in a report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $138.78.
American Water Works Stock Performance
Shares of NYSE AWK opened at $140.46 on Wednesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.52 and a quick ratio of 0.49. The stock’s fifty day moving average price is $135.51 and its two-hundred day moving average price is $132.49. American Water Works Company, Inc. has a one year low of $120.57 and a one year high of $145.64. The firm has a market cap of $27.91 billion, a price-to-earnings ratio of 24.34, a P/E/G ratio of 2.87 and a beta of 0.59.
American Water Works (NYSE:AWK – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share 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 net margin of 21.35% and a return on equity of 10.20%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.48 earnings per share. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. On average, equities analysts forecast that American Water Works Company, Inc. will post 6.09 EPS for the current year.
American Water Works Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th were given a dividend of $0.895 per share. This represents a $3.58 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Tuesday, August 11th. American Water Works’s dividend payout ratio is currently 62.05%.
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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