Nuance Investments LLC bought a new stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 35,967 shares of the utilities provider's stock, valued at approximately $4,733,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. bought a new stake in American Water Works during the 2nd quarter worth approximately $2,712,173,000. State Street Corp increased its position in shares of American Water Works by 4.2% during the 4th quarter. State Street Corp now owns 12,037,823 shares of the utilities provider's stock valued at $1,570,936,000 after purchasing an additional 486,090 shares during the last quarter. Wellington Management Group LLP raised its position in American Water Works by 3,274.6% in the fourth quarter. Wellington Management Group LLP now owns 7,092,757 shares of the utilities provider's stock worth $925,605,000 after acquiring an additional 6,882,575 shares during the period. GQG Partners LLC raised its holdings in shares of 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. Finally, Geode Capital Management LLC raised its stake in shares of American Water Works by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 5,039,122 shares of the utilities provider's stock valued at $655,025,000 after buying an additional 33,359 shares during the period. Institutional investors own 86.58% of the company's stock.
American Water Works Price Performance
Shares of AWK opened at $134.57 on Tuesday. American Water Works Company, Inc. has a fifty-two week low of $120.57 and a fifty-two week high of $147.87. 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 cap of $26.74 billion, a PE ratio of 23.32, a price-to-earnings-growth ratio of 2.75 and a beta of 0.60. The firm's 50-day simple moving average is $132.05 and its two-hundred day simple moving average is $131.28.
American Water Works (NYSE:AWK - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $1.33 billion. During the same quarter in the previous year, the business earned $1.48 earnings per share. The firm's quarterly revenue was up 6.2% compared to the same quarter last year. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be paid a $0.895 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $3.58 annualized dividend and a dividend yield of 2.7%. American Water Works's payout ratio is currently 62.05%.
Analyst Ratings Changes
AWK has been the topic of a number of recent research reports. Weiss Ratings restated a "hold (c)" rating on shares of American Water Works in a research note on Wednesday, June 24th. UBS Group boosted their price objective on American Water Works from $140.00 to $150.00 and gave the stock a "buy" rating in a report on Thursday, July 2nd. Wells Fargo & Company set a $131.00 target price on shares of American Water Works in a research report on Tuesday, April 21st. Bank of America reiterated a "neutral" rating on shares of American Water Works in a research report on Thursday, July 16th. Finally, Barclays lifted their price objective on American Water Works from $124.00 to $130.00 and gave the stock an "underweight" rating in a report on Wednesday, July 15th. One equities research 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. Based on data from MarketBeat, American Water Works presently has a consensus rating of "Hold" and a consensus price target of $138.78.
View Our Latest Research Report on American Water Works
About American Water Works
(
Free Report)
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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