Corient Private Wealth LP Purchases Shares of 89,989 American Water Works Company, Inc. $AWK

Key Points

• Corient Private Wealth acquired 89,989 shares of American Water Works, valued at approximately $11.84 million, joining other institutional investors that increased or initiated positions; institutions collectively own 86.58% of AWK.
• American Water Works exceeded quarterly expectations, reporting $1.61 in EPS and $1.35 billion in revenue, while revenue increased 6.2% year over year. The company expects fiscal 2026 EPS of $6.02–$6.12.
• The utility declared a quarterly dividend of $0.895 per share, or $3.58 annualized, yielding about 2.6%. Analysts maintain a consensus “Hold” rating with an average price target of $138.78.

Corient Private Wealth LP purchased a new stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 89,989 shares of the utilities provider's stock, valued at approximately $11,841,000.

A number of other hedge funds have also recently made changes to their positions in AWK. Perennial Investment Advisors LLC acquired a new stake in American Water Works in the 2nd quarter valued at approximately $202,000. Ausdal Financial Partners Inc. purchased a new stake in American Water Works in the second quarter valued at approximately $386,000. Bank of America Corp DE acquired a new position in American Water Works during the second quarter worth $367,632,000. Odyssean LLC lifted its stake in American Water Works by 111.6% during the second quarter. Odyssean LLC now owns 23,536 shares of the utilities provider's stock worth $3,097,000 after purchasing an additional 12,415 shares in the last quarter. Finally, Man Group plc purchased a new position in shares of American Water Works during the second quarter worth $756,000. Hedge funds and other institutional investors own 86.58% of the company's stock.

American Water Works Price Performance

Shares of NYSE AWK opened at $138.19 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.52 and a quick ratio of 0.49. The company has a market cap of $27.46 billion, a price-to-earnings ratio of 23.95, a price-to-earnings-growth ratio of 2.82 and a beta of 0.60. The stock's 50-day moving average is $134.13 and its two-hundred day moving average is $131.94. American Water Works Company, Inc. has a 1-year low of $120.57 and a 1-year high of $145.64.

American Water Works (NYSE:AWK - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.33 billion. During the same quarter last year, the business posted $1.48 EPS. The business's quarterly revenue was up 6.2% compared to the same quarter last year. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. Analysts forecast that American Water Works Company, Inc. will post 6.09 EPS for the current fiscal year.

American Water Works Announces Dividend

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

Analyst Ratings Changes

Several research firms recently issued reports on AWK. UBS Group boosted their price objective on American Water Works from $140.00 to $150.00 and gave the company a "buy" rating in a report on Thursday, July 2nd. Truist Financial set a $139.00 target price on American Water Works in a report on Tuesday, August 4th. Wall Street Zen upgraded shares of American Water Works from a "strong sell" rating to a "sell" rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. increased 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, Barclays raised their price objective 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. One equities research 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 MarketBeat.com, the company has an average rating of "Hold" and an average price target of $138.78.

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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