Ally Financial Inc. Invests $1.58 Million in American Water Works Company, Inc. $AWK

Ally Financial Inc. bought a new stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 12,000 shares of the utilities provider's stock, valued at approximately $1,579,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cibc World Market Inc. acquired a new stake in shares of American Water Works during the 2nd quarter worth about $5,900,000. Castlefield Investment Partners LLP acquired a new position in American Water Works in the second quarter valued at about $3,989,000. OMERS ADMINISTRATION Corp bought a new stake in American Water Works during the second quarter worth about $1,339,000. Osmosis Investment Management UK Ltd bought a new stake in American Water Works during the second quarter worth about $540,000. Finally, Solstein Capital LLC acquired a new stake in shares of American Water Works during the second quarter worth approximately $49,000. Institutional investors own 86.58% of the company's stock.

American Water Works Price Performance

Shares of AWK stock opened at $135.66 on Monday. American Water Works Company, Inc. has a 1 year low of $120.57 and a 1 year high of $147.84. 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's 50 day moving average is $132.95 and its 200-day moving average is $131.54. 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.

American Water Works (NYSE:AWK - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share for the quarter, beating analysts' consensus estimates 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 analyst estimates of $1.33 billion. During the same quarter last year, the business posted $1.48 earnings per share. American Water Works's revenue for the quarter 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. Sell-side analysts forecast that American Water Works Company, Inc. will post 6.09 EPS for the current fiscal year.

American Water Works Dividend Announcement

The company also recently announced 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. This represents a $3.58 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, August 11th. American Water Works's dividend payout ratio (DPR) is 62.05%.

Analyst Ratings Changes

A number of research firms have recently issued reports on AWK. Wall Street Zen upgraded shares of American Water Works from a "strong sell" rating to a "sell" rating in a research note on Monday, August 3rd. Bank of America restated a "neutral" rating on shares of American Water Works in a research report on Thursday, July 16th. Barclays lifted their price objective on American Water Works from $124.00 to $130.00 and gave the company an "underweight" rating in a research report on Wednesday, July 15th. Weiss Ratings reissued a "hold (c)" rating on shares of American Water Works in a research note on Wednesday, June 24th. Finally, JPMorgan Chase & Co. increased their target price on American Water Works from $138.00 to $147.00 and gave the stock a "neutral" rating in a report on Wednesday, July 8th. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average 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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