Inspire Investing LLC boosted its position in shares of American Water Works Company, Inc. (NYSE:AWK – Free Report) by 192.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,808 shares of the utilities provider’s stock after acquiring an additional 26,181 shares during the quarter. Inspire Investing LLC’s holdings in American Water Works were worth $5,154,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of AWK. Versant Capital Management Inc lifted its position in shares of American Water Works by 6.6% during the second quarter. Versant Capital Management Inc now owns 1,199 shares of the utilities provider’s stock worth $158,000 after purchasing an additional 74 shares in the last quarter. CoreCap Advisors LLC grew its holdings in shares of American Water Works by 21.1% in the third quarter. CoreCap Advisors LLC now owns 453 shares of the utilities provider’s stock valued at $62,000 after purchasing an additional 79 shares in the last quarter. Eastern Bank grew its holdings in shares of American Water Works by 2.9% in the third quarter. Eastern Bank now owns 2,945 shares of the utilities provider’s stock valued at $381,000 after purchasing an additional 82 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of American Water Works by 13.7% in the second quarter. Parkside Financial Bank & Trust now owns 806 shares of the utilities provider’s stock valued at $106,000 after purchasing an additional 97 shares in the last quarter. Finally, CENTRAL TRUST Co increased its stake in American Water Works by 1.0% during the 1st quarter. CENTRAL TRUST Co now owns 10,672 shares of the utilities provider’s stock worth $1,452,000 after buying an additional 108 shares during the period. 86.58% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts have issued reports on AWK shares. Mizuho increased their target price on shares of American Water Works from $130.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Weiss Ratings raised shares of American Water Works from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, October 2nd. Truist Financial set a $139.00 price target on shares of American Water Works in a research note on Tuesday, August 4th. JPMorgan Chase & Co. upped their price objective on American Water Works from $138.00 to $147.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Finally, UBS Group reduced their price objective on American Water Works from $162.00 to $153.00 and set a “buy” rating on the stock in a research note on Friday, October 16th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $136.75.
Check Out Our Latest Report on AWK
American Water Works Stock Performance
Shares of AWK stock opened at $142.83 on Friday. American Water Works Company, Inc. has a 12 month low of $120.57 and a 12 month high of $144.14. The company has a market cap of $28.38 billion, a P/E ratio of 24.75, a PEG ratio of 2.92 and a beta of 0.58. The company has a current ratio of 0.52, a quick ratio of 0.49 and a debt-to-equity ratio of 1.20. The firm has a fifty day moving average price of $135.13 and a 200 day moving average price of $131.97.
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 for the quarter, topping the consensus estimate of $1.53 by $0.08. American Water Works had a return on equity of 10.20% and a net margin of 21.35%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter last year, the company earned $1.48 EPS. The business’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. Sell-side analysts predict that American Water Works Company, Inc. will post 6.08 earnings per share for the current fiscal year.
American Water Works Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th were issued a $0.8950 dividend. This represents a $3.58 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Tuesday, August 11th. American Water Works’s payout ratio is presently 62.05%.
About American Water Works
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.
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