Avalon Trust Co Makes New $19.90 Million Investment in American Water Works Company, Inc. $AWK

Avalon Trust Co bought a new stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 151,254 shares of the utilities provider's stock, valued at approximately $19,902,000. American Water Works comprises about 1.2% of Avalon Trust Co's portfolio, making the stock its 22nd biggest holding. Avalon Trust Co owned approximately 0.08% of American Water Works as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp raised its holdings in American Water Works by 4.2% in 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 acquiring an additional 486,090 shares during the last quarter. Wellington Management Group LLP grew its position in shares of 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 valued at $925,605,000 after purchasing an additional 6,882,575 shares in the last quarter. GQG Partners LLC increased its holdings in shares of American Water Works by 64.2% in the fourth quarter. GQG Partners LLC now owns 6,493,161 shares of the utilities provider's stock valued at $847,361,000 after purchasing an additional 2,539,683 shares during the last quarter. Geode Capital Management LLC increased its holdings 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 purchasing an additional 33,359 shares during the last quarter. Finally, Amundi increased its holdings in shares of American Water Works by 4.3% in the first 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 during the last quarter. Hedge funds and other institutional investors own 86.58% of the company's stock.

Wall Street Analysts Forecast Growth

AWK has been the topic of a number of recent research reports. Truist Financial set a $139.00 price objective on American Water Works in a research note on Tuesday, August 4th. Mizuho raised their target price on American Water Works from $130.00 to $140.00 and gave the stock 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 report on Thursday, July 16th. JPMorgan Chase & Co. boosted their price target on shares of American Water Works from $138.00 to $147.00 and gave the company a "neutral" rating in a research report on Wednesday, July 8th. Finally, Barclays upped their price objective on shares of American Water Works from $124.00 to $130.00 and gave the company an "underweight" rating in a report on Wednesday, July 15th. One equities research 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. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $138.78.

American Water Works Trading Down 0.2%

AWK opened at $136.25 on Friday. American Water Works Company, Inc. has a one year low of $120.57 and a one year high of $147.87. The stock has a market capitalization of $27.08 billion, a PE ratio of 23.61, a P/E/G ratio of 2.75 and a beta of 0.60. The business's 50 day moving average price is $131.81 and its 200 day moving average price is $131.25. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.49 and a current ratio of 0.52.

American Water Works (NYSE:AWK - Get Free Report) last posted its earnings results on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.08. The company had revenue of $1.35 billion during the quarter, compared to analysts' expectations 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 quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.48 earnings per share. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. As a group, equities research analysts expect 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. Stockholders of record on Tuesday, August 11th will be issued a dividend of $0.895 per share. The ex-dividend date is Tuesday, August 11th. This represents a $3.58 dividend on an annualized basis and a dividend yield of 2.6%. American Water Works's dividend payout ratio is currently 62.05%.

About American Water Works

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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