Meeder Advisory Services Inc. purchased a new position in shares of American Water Works Company, Inc. (NYSE:AWK – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 7,268 shares of the utilities provider’s stock, valued at approximately $956,000.
Other institutional investors have also modified their holdings of the company. Cbre Investment Management Listed Real Assets LLC boosted its stake in shares of American Water Works by 82.7% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 21,430 shares of the utilities provider’s stock valued at $2,797,000 after purchasing an additional 9,698 shares during the period. Louisiana State Employees Retirement System purchased a new stake in American Water Works during the 1st quarter worth approximately $1,347,000. Generali Asset Management SPA SGR increased its stake in American Water Works by 73.8% during the 4th quarter. Generali Asset Management SPA SGR now owns 25,338 shares of the utilities provider’s stock worth $3,307,000 after buying an additional 10,760 shares during the period. Capital Innovations LLC acquired a new stake in American Water Works during the 4th quarter worth approximately $4,700,000. Finally, Erste Asset Management GmbH lifted its holdings in American Water Works by 25.9% during the 4th quarter. Erste Asset Management GmbH now owns 69,893 shares of the utilities provider’s stock worth $9,142,000 after buying an additional 14,363 shares in the last quarter. 86.58% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. UBS Group raised their price target on shares of American Water Works from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Truist Financial set a $139.00 price objective on American Water Works in a research report on Tuesday, August 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of American Water Works in a research note on Wednesday, June 24th. JPMorgan Chase & Co. lifted their target price on American Water Works from $138.00 to $147.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Finally, Barclays boosted their target price 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 investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, American Water Works currently has an average rating of “Hold” and an average target price of $138.78.
American Water Works Stock Up 1.6%
Shares of NYSE:AWK opened at $138.49 on Thursday. American Water Works Company, Inc. has a fifty-two week low of $120.57 and a fifty-two week high of $147.87. The firm’s 50 day moving average price is $132.51 and its 200 day moving average price 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 stock has a market cap of $27.52 billion, a price-to-earnings ratio of 24.00, a price-to-earnings-growth ratio of 2.75 and a beta of 0.60.
American Water Works (NYSE:AWK – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.61 EPS 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 company 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 business posted $1.48 EPS. The firm’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, equities research analysts predict that American Water Works Company, Inc. will post 6.09 earnings per share for the current fiscal year.
American Water Works Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be given a dividend of $0.895 per share. This represents a $3.58 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, August 11th. American Water Works’s payout ratio is 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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