American Water Works Company, Inc. $AWK Position Reduced by Tidal Investments LLC

Key Points

• Tidal Investments reduced its American Water Works stake by 63.8% in the second quarter, selling 25,599 shares and retaining 14,514 shares valued at approximately $1.91 million. Institutional investors overall own 86.58% of AWK.
• Analyst sentiment remains broadly neutral: AWK has a consensus “Hold” rating and an average price target of $140.11, despite UBS assigning a “Buy” rating and raising its target to $162.
• American Water Works beat quarterly earnings expectations with $1.61 in EPS and $1.35 billion in revenue, while revenue rose 6.2% year over year. The company pays a quarterly dividend of $0.895 per share, representing a 2.6% annualized yield.

Tidal Investments LLC trimmed its position in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 63.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,514 shares of the utilities provider's stock after selling 25,599 shares during the period. Tidal Investments LLC's holdings in American Water Works were worth $1,910,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AWK. BlackRock Inc. bought a new position in American Water Works during the second quarter valued at about $2,712,173,000. Wellington Management Group LLP raised its position in American Water Works by 35.2% in the second quarter. Wellington Management Group LLP now owns 14,911,963 shares of the utilities provider's stock worth $1,962,116,000 after acquiring an additional 3,883,057 shares in the last quarter. GQG Partners LLC acquired a new stake in American Water Works in the 2nd quarter valued at about $1,171,477,000. Geode Capital Management LLC lifted its holdings in American Water Works by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 5,039,122 shares of the utilities provider's stock valued at $655,025,000 after acquiring an additional 33,359 shares during the last quarter. Finally, Amundi boosted its position in shares of American Water Works by 4.3% during the 1st quarter. Amundi now owns 4,351,056 shares of the utilities provider's stock valued at $592,081,000 after purchasing an additional 179,127 shares in the last quarter. 86.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Mizuho lifted their price objective on shares of American Water Works from $130.00 to $140.00 and gave the stock a "neutral" rating in a research note on Friday, July 31st. Barclays increased their target price on shares of 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 shares of American Water Works in a research report on Tuesday, August 4th. JPMorgan Chase & Co. lifted their price target on shares of American Water Works from $138.00 to $147.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 8th. Finally, UBS Group upped their price target on American Water Works from $156.00 to $162.00 and gave the company a "buy" rating in a report on Thursday, September 10th. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $140.11.

American Water Works Stock Performance

Shares of AWK opened at $137.90 on Thursday. The company has a 50-day moving average of $136.08 and a two-hundred day moving average of $132.75. The stock has a market cap of $27.40 billion, a price-to-earnings ratio of 23.90, a PEG ratio of 2.81 and a beta of 0.59. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.52 and a quick ratio of 0.49. American Water Works Company, Inc. has a one year low of $120.57 and a one year high of $145.64.

American Water Works (NYSE:AWK - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.61 EPS 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 the consensus estimate of $1.33 billion. During the same quarter in the prior year, the firm earned $1.48 EPS. The firm's quarterly 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. On average, equities research analysts expect that American Water Works Company, Inc. will post 6.09 earnings per share for the current year.

American Water Works Announces Dividend

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

About American Water Works

American Water Works Company, Inc is a water and wastewater utility company that provides essential services to residential, commercial, industrial and public-sector customers. Through its regulated operations, the company treats and distributes drinking water, collects and treats wastewater, and manages related infrastructure such as pipelines, treatment plants, storage facilities and pumping stations.

The company also provides water and wastewater services to military installations and operates businesses serving municipalities and other public-sector customers.

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