Diversify Wealth Management LLC Takes Position in American Water Works Company, Inc. $AWK

Diversify Wealth Management LLC acquired a new stake in American Water Works Company, Inc. (NYSE:AWKFree Report) during the 1st quarter, Holdings Channel reports. The firm acquired 4,418 shares of the utilities provider’s stock, valued at approximately $583,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Citizens Financial Group Inc. RI boosted its position in shares of American Water Works by 24.6% during the first quarter. Citizens Financial Group Inc. RI now owns 2,597 shares of the utilities provider’s stock worth $353,000 after acquiring an additional 513 shares during the last quarter. Fifth Third Bancorp increased its holdings in American Water Works by 116.0% in the 1st quarter. Fifth Third Bancorp now owns 63,035 shares of the utilities provider’s stock valued at $8,578,000 after acquiring an additional 33,848 shares during the last quarter. Fulcrum Capital LLC boosted its holdings in shares of American Water Works by 5.7% during the 1st quarter. Fulcrum Capital LLC now owns 8,090 shares of the utilities provider’s stock valued at $1,101,000 after purchasing an additional 434 shares during the last quarter. Hsbc Holdings PLC grew its stake in shares of American Water Works by 51.3% in the 1st quarter. Hsbc Holdings PLC now owns 732,883 shares of the utilities provider’s stock worth $99,780,000 after buying an additional 248,544 shares in the last quarter. Finally, Elevated Capital Advisors LLC grew its stake in shares of American Water Works by 289.0% in the 1st quarter. Elevated Capital Advisors LLC now owns 389 shares of the utilities provider’s stock worth $53,000 after buying an additional 289 shares in the last quarter. Institutional investors own 86.58% of the company’s stock.

American Water Works Stock Up 0.6%

Shares of AWK stock opened at $135.08 on Friday. American Water Works Company, Inc. has a twelve month low of $120.57 and a twelve month high of $147.87. The stock has a market cap of $26.38 billion, a P/E ratio of 23.95, a P/E/G ratio of 2.92 and a beta of 0.61. The stock has a 50 day moving average of $127.56 and a 200 day moving average of $130.64. The company has a current ratio of 0.37, a quick ratio of 0.34 and a debt-to-equity ratio of 1.16.

American Water Works (NYSE:AWKGet Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.09). American Water Works had a return on equity of 10.20% and a net margin of 21.17%.The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the company posted $1.05 EPS. The company’s revenue was up 5.7% 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 expect that American Water Works Company, Inc. will post 6.08 EPS for the current year.

American Water Works Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 12th were paid a $0.895 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $3.58 dividend on an annualized basis and a yield of 2.7%. This is a boost from American Water Works’s previous quarterly dividend of $0.83. American Water Works’s dividend payout ratio is 63.48%.

Wall Street Analyst Weigh In

Several analysts have issued reports on AWK shares. Bank of America reissued a “neutral” rating on shares of American Water Works in a research note on Thursday. UBS Group raised 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. JPMorgan Chase & Co. boosted their price target on shares of American Water Works from $138.00 to $147.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Truist Financial dropped their target price on American Water Works from $137.00 to $130.00 and set a “hold” rating on the stock in a research report on Friday, May 29th. Finally, Wells Fargo & Company set a $131.00 target price on shares of American Water Works in a research note on Tuesday, April 21st. Two investment analysts have 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 MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $140.60.

Get Our Latest Stock Report on American Water Works

American Water Works Profile

(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.

Further Reading

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

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