11,585 Shares in American Water Works Company, Inc. $AWK Bought by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC bought a new stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,585 shares of the utilities provider's stock, valued at approximately $1,524,000.

Other large investors also recently modified their holdings of the company. Reflection Asset Management bought a new stake in American Water Works during the 4th quarter worth approximately $25,000. Transamerica Financial Advisors LLC lifted its stake in American Water Works by 82.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 199 shares of the utilities provider's stock valued at $26,000 after buying an additional 90 shares in the last quarter. Nemes Rush Group LLC acquired a new position in shares of American Water Works in the fourth quarter valued at approximately $27,000. Ascentis Independent Advisors acquired a new position in shares of American Water Works in the first quarter valued at approximately $27,000. Finally, MV Capital Management Inc. bought a new stake in shares of American Water Works during the fourth quarter worth $29,000. 86.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on AWK shares. JPMorgan Chase & Co. upped their target price on shares of American Water Works from $138.00 to $147.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 8th. Barclays lifted their price target on American Water Works from $124.00 to $130.00 and gave the company an "underweight" rating in a research note on Wednesday, July 15th. Truist Financial set a $139.00 price target on American Water Works in a report on Tuesday, August 4th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of American Water Works in a research report on Wednesday, June 24th. Finally, Bank of America reiterated a "neutral" rating on shares of American Water Works in a report on Thursday, July 16th. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $138.78.

American Water Works Price Performance

NYSE:AWK opened at $138.19 on Monday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.49 and a current ratio of 0.52. The stock's 50-day simple moving average is $134.13 and its 200 day simple moving average is $132.00. The company has a market cap of $27.46 billion, a P/E ratio of 23.95, a P/E/G ratio of 2.82 and a beta of 0.60. American Water Works Company, Inc. has a 52-week low of $120.57 and a 52-week high of $145.64.

American Water Works (NYSE:AWK - Get Free Report) last released its earnings results on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share for the quarter, beating 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 business had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.33 billion. During the same period last year, the business earned $1.48 earnings per share. 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, sell-side analysts forecast that American Water Works Company, Inc. will post 6.09 EPS for the current fiscal year.

American Water Works Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be issued a dividend of $0.895 per share. The ex-dividend date is Tuesday, August 11th. This represents a $3.58 dividend on an annualized basis and a yield of 2.6%. American Water Works's dividend payout ratio (DPR) is presently 62.05%.

About American Water Works

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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