American Water Works Company, Inc. $AWK Shares Newly Purchased by Ninety One SA Pty Ltd

Key Points

• Ninety One SA Pty Ltd acquired 50,979 shares of American Water Works during the third quarter, valued at approximately $6.6 million. Institutional investors collectively own 86.58% of the company.
• American Water Works reported quarterly earnings of $1.61 per share, exceeding estimates of $1.53, while revenue rose 6.2% year over year to $1.35 billion.
• The company pays a quarterly dividend of $0.895 per share, equivalent to an annualized $3.58 dividend and a 2.7% yield. Analysts maintain a consensus “Hold” rating with an average price target of $140.11.

Ninety One SA Pty Ltd acquired a new stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 50,979 shares of the utilities provider's stock, valued at approximately $6,600,000.

Several other institutional investors and hedge funds also recently made changes to their positions in AWK. Reflection Asset Management bought a new stake in American Water Works in the fourth quarter worth approximately $25,000. Ascentis Independent Advisors bought a new position in shares of American Water Works during the 1st quarter worth approximately $27,000. Harborfront Financial Group LLC bought a new position in shares of American Water Works during the 2nd quarter worth approximately $29,000. MV Capital Management Inc. bought a new position in shares of American Water Works during the 4th quarter worth approximately $29,000. Finally, Global Assets Advisory LLC bought a new position in shares of American Water Works during the 1st quarter worth approximately $33,000. Institutional investors own 86.58% of the company's stock.

American Water Works Stock Up 1.7%

American Water Works stock traded up $2.27 during midday trading on Thursday, reaching $133.97. The stock had a trading volume of 1,193,463 shares, compared to its average volume of 1,995,284. American Water Works Company, Inc. has a 12 month low of $120.57 and a 12 month high of $145.64. The company has a market capitalization of $26.62 billion, a P/E ratio of 23.21, a PEG ratio of 2.65 and a beta of 0.58. The company has a fifty day moving average price of $134.93 and a two-hundred day moving average price of $131.95. The company has a current ratio of 0.52, a quick ratio of 0.49 and a debt-to-equity ratio of 1.20.

American Water Works (NYSE:AWK - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share for the quarter, topping analysts' consensus estimates of $1.53 by $0.08. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. American Water Works had a return on equity of 10.20% and a net margin of 21.35%. The firm's revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.48 EPS. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. As a group, equities analysts expect 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 was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th were given a dividend of $0.8950 per share. This represents a $3.58 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, August 11th. American Water Works's dividend payout ratio is presently 62.05%.

Analyst Ratings Changes

Several analysts have recently weighed in on AWK shares. Mizuho lifted their price objective on shares of American Water Works from $130.00 to $140.00 and gave the company a "neutral" rating in a research note on Friday, July 31st. Bank of America reiterated a "neutral" rating on shares of American Water Works in a research report on Thursday, July 16th. Truist Financial set a $139.00 target price on shares of American Water Works in a research note on Tuesday, August 4th. Weiss Ratings raised shares of American Water Works from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, October 2nd. Finally, Barclays raised their price target 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. One investment analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, American Water Works presently has a consensus rating of "Hold" and a consensus target price of $140.11.

About American Water Works

American Water Works Company, Inc is a public water and wastewater utility that provides essential services to residential, commercial, industrial, and governmental customers in the United States. Through its regulated operations, the company collects, treats, distributes, and manages drinking water, as well as collects and treats wastewater.

The company also provides services through businesses that support utilities, municipalities, military installations, and other public-sector customers.

Want to see what other hedge funds are holding AWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Water Works Company, Inc. (NYSE:AWK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.