1ST Source Bank Takes Position in American Water Works Company, Inc. $AWK

Key Points

• 1ST Source Bank acquired 15,020 shares of American Water Works worth approximately $1.98 million, while institutional investors collectively own 86.58% of AWK.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $138.78; targets range from $130 to $150.
• American Water Works exceeded quarterly earnings and revenue estimates, reporting EPS of $1.61 and revenue of $1.35 billion. The company also declared a quarterly dividend of $0.895 per share, yielding about 2.6% annually.

1ST Source Bank bought a new stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,020 shares of the utilities provider's stock, valued at approximately $1,976,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AWK. Cbre Investment Management Listed Real Assets LLC lifted its stake in shares of American Water Works by 82.7% during 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 acquiring an additional 9,698 shares during the period. Louisiana State Employees Retirement System acquired a new stake in American Water Works in the first quarter worth about $1,347,000. Generali Asset Management SPA SGR increased its position in American Water Works by 73.8% in the fourth quarter. Generali Asset Management SPA SGR now owns 25,338 shares of the utilities provider's stock worth $3,307,000 after purchasing an additional 10,760 shares during the period. Capital Innovations LLC bought a new stake in American Water Works during the 4th quarter worth about $4,700,000. Finally, Erste Asset Management GmbH raised 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 purchasing an additional 14,363 shares during the last quarter. 86.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. UBS Group lifted 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. Barclays lifted their target price on shares of American Water Works from $124.00 to $130.00 and gave the stock an "underweight" rating in a report on Wednesday, July 15th. Mizuho raised their price target on American Water Works from $130.00 to $140.00 and gave the stock a "neutral" rating in a research report on Friday, July 31st. Truist Financial set a $139.00 price objective on shares of American Water Works in a research note on Tuesday, August 4th. Finally, Wells Fargo & Company set a $131.00 price objective on shares of American Water Works in a report on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $138.78.

American Water Works Trading Up 0.0%

NYSE AWK opened at $136.25 on Monday. The stock's 50 day moving average price is $131.81 and its two-hundred day moving average price is $131.25. 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 has a market capitalization of $27.08 billion, a price-to-earnings ratio of 23.61, a PEG ratio of 2.75 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 $147.87.

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 (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.08. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. American Water Works had a return on equity of 10.20% and a net margin of 21.35%.American Water Works's revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.48 earnings per share. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. As a group, analysts anticipate that American Water Works Company, Inc. will post 6.09 earnings per share for the current fiscal year.

American Water Works Announces Dividend

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

American Water Works 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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