American Water Works Company, Inc. $AWK Stock: Midway Capital Research & Management Grows Holdings

Midway Capital Research & Management grew its stake in American Water Works Company, Inc. (NYSE:AWK – Free Report) by 1,131.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,850 shares of the utilities provider’s stock after purchasing an additional 12,725 shares during the quarter. American Water Works makes up approximately 1.5% of Midway Capital Research & Management’s investment portfolio, making the stock its 27th largest holding. Midway Capital Research & Management’s holdings in American Water Works were worth $1,793,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Jeppson Wealth Management LLC raised its holdings in American Water Works by 2.9% in the 3rd quarter. Jeppson Wealth Management LLC now owns 3,897 shares of the utilities provider’s stock valued at $505,000 after acquiring an additional 109 shares during the period. BDF Gestion acquired a new stake in American Water Works during the third quarter worth approximately $1,212,000. Robertson Stephens Wealth Management LLC acquired a new stake in American Water Works during the third quarter worth approximately $332,000. Frank Rimerman Advisors LLC boosted its holdings in shares of American Water Works by 11.8% during the third quarter. Frank Rimerman Advisors LLC now owns 1,701 shares of the utilities provider’s stock worth $220,000 after acquiring an additional 180 shares during the period. Finally, Western Pacific Wealth Management LP bought a new stake in shares of American Water Works during the third quarter worth approximately $171,000. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Trading Down 1.0%

AWK stock opened at $133.63 on Tuesday. 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 market capitalization of $26.56 billion, a PE ratio of 23.16, a price-to-earnings-growth ratio of 2.75 and a beta of 0.58. The company’s 50-day simple moving average is $134.86 and its 200 day simple moving average is $131.88. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.49 and a current ratio of 0.52.

American Water Works (NYSE:AWK – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the previous year, the company earned $1.48 EPS. The business’s 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, sell-side 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th were given a dividend of $0.8950 per share. This represents a $3.58 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Tuesday, August 11th. American Water Works’s dividend payout ratio is presently 62.05%.

Analysts Set New Price Targets

AWK has been the topic of several research reports. Mizuho upped their target price on American Water Works from $130.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. Weiss Ratings upgraded American Water Works from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, October 2nd. UBS Group dropped their price target on American Water Works from $162.00 to $153.00 and set a “buy” rating for the company in a report on Friday. Barclays reduced their price target on American Water Works from $130.00 to $127.00 and set an “underweight” rating for the company in a research note on Monday. Finally, JPMorgan Chase & Co. upped their price objective on American Water Works from $138.00 to $147.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, American Water Works currently has a consensus rating of “Hold” and an average price target of $136.75.

Check Out Our Latest Report on AWK

American Water Works Profile

(Free Report)

American Water Works Company, Inc is a public water and wastewater utility that provides essential services to residential, commercial, industrial and institutional customers. Through its regulated businesses, the company supplies drinking water, collects and treats wastewater, and manages related infrastructure, including treatment plants, pipelines, storage facilities and customer service systems.

Founded in 1886, American Water has grown into one of the largest water and wastewater service providers in the United States.

Further Reading

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Institutional Ownership by Quarter for American Water Works (NYSE:AWK)

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