Paragon Capital Management Inc. purchased a new stake in shares of American Water Works Company, Inc. (NYSE:AWK – Free Report) during the third quarter, HoldingsChannel reports. The institutional investor purchased 5,885 shares of the utilities provider’s stock, valued at approximately $762,000.
Several other institutional investors and hedge funds also recently made changes to their positions in AWK. BlackRock Inc. purchased a new position in American Water Works in the 2nd quarter worth approximately $2,712,173,000. Wellington Management Group LLP lifted its position in American Water Works by 35.2% in the 2nd quarter. Wellington Management Group LLP now owns 14,911,963 shares of the utilities provider’s stock valued at $1,962,116,000 after acquiring an additional 3,883,057 shares in the last quarter. GQG Partners LLC purchased a new stake in American Water Works during the 2nd quarter valued at $1,171,477,000. Amundi boosted its stake in American Water Works by 4.3% during the 1st quarter. Amundi now owns 4,351,056 shares of the utilities provider’s stock valued at $592,081,000 after purchasing an additional 179,127 shares during the last quarter. Finally, Legal & General Group Plc purchased a new stake in American Water Works during the 2nd quarter valued at $443,787,000. Institutional investors own 86.58% of the company’s stock.
American Water Works Stock Up 1.0%
AWK opened at $133.01 on Friday. The stock has a market capitalization of $26.43 billion, a price-to-earnings ratio of 23.05, a PEG ratio of 2.68 and a beta of 0.58. The firm has a 50 day moving average price of $134.90 and a 200-day moving average price of $131.93. American Water Works Company, Inc. has a twelve month low of $120.57 and a twelve month high of $145.64. The company has a quick ratio of 0.49, a current ratio of 0.52 and a debt-to-equity ratio of 1.20.
American Water Works (NYSE:AWK – Get Free Report) last issued its earnings results on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share (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 for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter last year, the company posted $1.48 earnings per share. The firm’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. Equities research analysts forecast that American Water Works Company, Inc. will post 6.09 earnings per share for the current year.
American Water Works Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th were issued a dividend of $0.8950 per share. This represents a $3.58 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, August 11th. American Water Works’s dividend payout ratio is presently 62.05%.
Analysts Set New Price Targets
A number of analysts have commented on AWK shares. JPMorgan Chase & Co. lifted their target price on American Water Works from $138.00 to $147.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Truist Financial set a $139.00 price target on American Water Works in a report on Tuesday, August 4th. Barclays upped their price target on American Water Works from $124.00 to $130.00 and gave the company an “underweight” rating in a report on Wednesday, July 15th. Wall Street Zen raised American Water Works from a “strong sell” rating to a “sell” rating in a research report on Monday, August 3rd. Finally, Weiss Ratings upgraded American Water Works from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, October 2nd. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $138.25.
Get Our Latest Stock Analysis on AWK
American Water Works Company Profile
American Water Works Company, Inc is a public water and wastewater utility that provides essential services to residential, commercial, industrial, and governmental customers in the United States. Through its regulated operations, the company collects, treats, distributes, and manages drinking water, as well as collects and treats wastewater.
The company also provides services through businesses that support utilities, municipalities, military installations, and other public-sector customers.
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