1,046,852 Shares in American Water Works Company, Inc. $AWK Acquired by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon acquired 1,046,852 shares of American Water Works, valued at approximately $137.7 million, representing 0.53% of the company. Institutional investors collectively own 86.58% of AWK.
• American Water Works exceeded quarterly expectations, reporting $1.61 EPS versus the $1.53 consensus and $1.35 billion in revenue, up 6.2% year over year.
• The company declared a quarterly dividend of $0.895 per share, or $3.58 annualized, yielding about 2.6%. Analysts maintain a consensus “Hold” rating with an average price target of $138.78.

Bank of New York Mellon Corp acquired a new stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,046,852 shares of the utilities provider's stock, valued at approximately $137,745,000. Bank of New York Mellon Corp owned 0.53% of American Water Works at the end of the most recent quarter.

Several other large investors have also made changes to their positions in AWK. Wellington Management Group LLP raised its stake in shares of American Water Works by 3,274.6% during the 4th quarter. Wellington Management Group LLP now owns 7,092,757 shares of the utilities provider's stock valued at $925,605,000 after buying an additional 6,882,575 shares during the last quarter. Norges Bank purchased a new position in shares of American Water Works during the 4th quarter valued at approximately $337,004,000. GQG Partners LLC raised its holdings in American Water Works by 64.2% in the 4th quarter. GQG Partners LLC now owns 6,493,161 shares of the utilities provider's stock worth $847,361,000 after purchasing an additional 2,539,683 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in American Water Works by 383.0% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,596,125 shares of the utilities provider's stock worth $361,355,000 after purchasing an additional 2,058,656 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. acquired a new stake in American Water Works in the fourth quarter valued at approximately $69,855,000. 86.58% of the stock is owned by hedge funds and other institutional investors.

American Water Works Stock Performance

NYSE:AWK opened at $135.66 on Monday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.52 and a quick ratio of 0.49. The firm has a market capitalization of $26.96 billion, a price-to-earnings ratio of 23.51, a PEG ratio of 2.76 and a beta of 0.60. The company's 50-day moving average is $132.95 and its two-hundred day moving average is $131.54. American Water Works Company, Inc. has a 1-year low of $120.57 and a 1-year high of $147.84.

American Water Works (NYSE:AWK - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.53 by $0.08. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. American Water Works had a net margin of 21.35% and a return on equity of 10.20%. The business's revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.48 EPS. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. Analysts forecast that American Water Works Company, Inc. will post 6.09 EPS for the current year.

American Water Works Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be issued a $0.895 dividend. This represents a $3.58 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Tuesday, August 11th. American Water Works's dividend payout ratio is currently 62.05%.

Analyst Upgrades and Downgrades

AWK has been the subject of a number of research reports. Weiss Ratings reissued a "hold (c)" rating on shares of American Water Works in a research note on Wednesday, June 24th. Wall Street Zen raised American Water Works from a "strong sell" rating to a "sell" rating in a research note on Monday, August 3rd. Barclays raised their price objective on American Water Works from $124.00 to $130.00 and gave the company an "underweight" rating in a report on Wednesday, July 15th. UBS Group boosted their price target 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. Finally, Truist Financial set a $139.00 price objective on shares of American Water Works in a research note on Tuesday, August 4th. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $138.78.

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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