Assenagon Asset Management S.A. Acquires 130,031 Shares of American Water Works Company, Inc. $AWK

Key Points

• Assenagon Asset Management increased its American Water Works stake by 570.4% in the second quarter, purchasing 130,031 additional shares and bringing its total holdings to 152,829 shares valued at approximately $20.1 million.
• American Water Works reported quarterly EPS of $1.61, beating estimates of $1.53, while revenue rose 6.2% year over year to $1.35 billion. The company reaffirmed fiscal 2026 EPS guidance of $6.02–$6.12.
• The company declared a quarterly dividend of $0.895 per share, equivalent to an annualized $3.58 payout and a 2.6% yield. Analysts maintain a consensus “Hold” rating with an average price target of $140.90.

Assenagon Asset Management S.A. increased its stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 570.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 152,829 shares of the utilities provider's stock after buying an additional 130,031 shares during the period. Assenagon Asset Management S.A. owned 0.08% of American Water Works worth $20,109,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Red Spruce Capital LLC raised its stake in shares of American Water Works by 25.4% during the second quarter. Red Spruce Capital LLC now owns 25,244 shares of the utilities provider's stock valued at $3,322,000 after acquiring an additional 5,114 shares in the last quarter. Grant Private Wealth Management Inc raised its holdings in shares of American Water Works by 27.9% in the second quarter. Grant Private Wealth Management Inc now owns 3,498 shares of the utilities provider's stock valued at $460,000 after acquiring an additional 762 shares in the last quarter. Canandaigua National Bank & Trust Co. bought a new stake in shares of American Water Works in the second quarter valued at about $1,674,000. Bangor Savings Bank lifted its stake in American Water Works by 1.5% in the second quarter. Bangor Savings Bank now owns 10,961 shares of the utilities provider's stock worth $1,442,000 after acquiring an additional 167 shares during the period. Finally, Versant Capital Management Inc lifted its stake in American Water Works by 6.6% in the second quarter. Versant Capital Management Inc now owns 1,199 shares of the utilities provider's stock worth $158,000 after acquiring an additional 74 shares during the period. 86.58% of the stock is owned by hedge funds and other institutional investors.

American Water Works Trading Down 0.0%

Shares of NYSE:AWK opened at $135.29 on Monday. The company has a quick ratio of 0.49, a current ratio of 0.52 and a debt-to-equity ratio of 1.20. American Water Works Company, Inc. has a 52-week low of $120.57 and a 52-week high of $147.87. The stock has a market cap of $26.89 billion, a price-to-earnings ratio of 23.45, a PEG ratio of 2.74 and a beta of 0.60. The business has a 50-day moving average price of $130.55 and a 200-day moving average price of $131.08.

American Water Works (NYSE:AWK - Get Free Report) last issued its earnings results on Wednesday, July 29th. The utilities provider reported $1.61 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 firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the firm earned $1.48 earnings per share. American Water Works's revenue for the quarter 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. Equities analysts predict that American Water Works Company, Inc. will post 6.09 EPS for the current year.

American Water Works Announces Dividend

The firm 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 presently 62.05%.

Analyst Ratings Changes

Several brokerages recently issued reports on AWK. JPMorgan Chase & Co. lifted their price objective on shares of American Water Works from $138.00 to $147.00 and gave the company a "neutral" rating in a report on Wednesday, July 8th. Weiss Ratings reissued a "hold (c)" rating on shares of American Water Works in a research report on Wednesday, June 24th. Wells Fargo & Company set a $131.00 price target on American Water Works in a research report on Tuesday, April 21st. Bank of America reaffirmed a "neutral" rating on shares of American Water Works in a research report on Thursday, July 16th. Finally, Barclays raised 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. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $140.90.

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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