BlackRock Inc. Buys New Stake in American Water Works Company, Inc. $AWK

BlackRock Inc. purchased a new stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 20,612,348 shares of the utilities provider's stock, valued at approximately $2,712,173,000. BlackRock Inc. owned approximately 10.37% of American Water Works as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Salomon & Ludwin LLC raised its position in shares of American Water Works by 71.7% during the 4th quarter. Salomon & Ludwin LLC now owns 194 shares of the utilities provider's stock valued at $25,000 after buying an additional 81 shares in the last quarter. Reflection Asset Management purchased a new position in American Water Works in the fourth quarter worth about $25,000. Transamerica Financial Advisors LLC grew its position in American Water Works by 82.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 199 shares of the utilities provider's stock worth $26,000 after acquiring an additional 90 shares in the last quarter. Nemes Rush Group LLC bought a new stake in American Water Works during the fourth quarter worth approximately $27,000. Finally, Ascentis Independent Advisors bought a new stake in American Water Works during the first quarter worth approximately $27,000. Institutional investors own 86.58% of the company's stock.

Analyst Upgrades and Downgrades

AWK has been the subject of several analyst reports. Truist Financial set a $139.00 price objective on American Water Works in a research note on Tuesday, August 4th. JPMorgan Chase & Co. boosted their target price on American Water Works from $138.00 to $147.00 and gave the company a "neutral" rating in a research report on Wednesday, July 8th. Mizuho increased their price target on American Water Works from $130.00 to $140.00 and gave the company a "neutral" rating in a report on Friday, July 31st. Wall Street Zen upgraded American Water Works from a "strong sell" rating to a "sell" rating in a research report on Monday, August 3rd. Finally, Bank of America reaffirmed a "neutral" rating on shares of American Water Works in a research note on Thursday, July 16th. One research analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $138.78.

American Water Works Stock Up 1.6%

Shares of NYSE AWK opened at $138.49 on Thursday. American Water Works Company, Inc. has a 1 year low of $120.57 and a 1 year high of $147.87. The firm has a 50-day simple moving average of $132.51 and a two-hundred day simple moving average of $131.41. The company has a market cap of $27.52 billion, a P/E ratio of 24.00, a PEG ratio of 2.75 and a beta of 0.60. 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 (NYSE:AWK - Get Free Report) last released 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 analysts' expectations of $1.33 billion. During the same quarter in the prior year, the firm posted $1.48 earnings per share. The company'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. Research analysts anticipate that American Water Works Company, Inc. will post 6.09 earnings per share for the current year.

American Water Works Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be given 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 62.05%.

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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