Elevation Point Wealth Partners LLC Makes New Investment in American Water Works Company, Inc. $AWK

Key Points

• Elevation Point Wealth Partners purchased 11,164 shares of American Water Works in the second quarter, valued at approximately $1.47 million. Institutional investors collectively own 86.58% of AWK’s outstanding shares.
• Analysts maintain a generally neutral view, with a consensus “Hold” rating and an average price target of $138.78. Price targets from Mizuho and JPMorgan were raised to $140 and $147, respectively.
• American Water Works exceeded quarterly earnings and revenue expectations, reporting $1.61 in EPS and $1.35 billion in revenue, while raising its quarterly dividend to $0.895 per share, equivalent to a 2.6% annual yield.

Elevation Point Wealth Partners LLC purchased a new stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 11,164 shares of the utilities provider's stock, valued at approximately $1,469,000.

Other institutional investors also recently modified their holdings of the company. Daiichi Life Insurance Co. Ltd. bought a new position in American Water Works in the second quarter valued at about $862,000. Commerce Bank bought a new position in shares of American Water Works in the second quarter worth about $3,533,000. GQG Partners LLC bought a new position in shares of American Water Works in the second quarter worth about $1,171,477,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of American Water Works in the 2nd quarter valued at approximately $876,000. Finally, Evolve Private Wealth LLC bought a new stake in shares of American Water Works during the 2nd quarter valued at approximately $403,000. Institutional investors and hedge funds own 86.58% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on AWK shares. Weiss Ratings reissued a "hold (c)" rating on shares of American Water Works in a research note on Wednesday, June 24th. Mizuho boosted their target price on shares of 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. Wall Street Zen upgraded American Water Works from a "strong sell" rating to a "sell" rating in a research note on Monday, August 3rd. Finally, JPMorgan Chase & Co. boosted their price objective on American Water Works from $138.00 to $147.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 8th. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $138.78.

American Water Works Stock Up 0.2%

American Water Works stock opened at $135.66 on Monday. The firm has a market cap of $26.96 billion, a price-to-earnings ratio of 23.51, a PEG ratio of 2.76 and a beta of 0.60. American Water Works Company, Inc. has a 52-week low of $120.57 and a 52-week high of $147.84. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.49 and a current ratio of 0.52. The firm has a 50 day moving average price of $132.95 and a two-hundred day moving average price of $131.54.

American Water Works (NYSE:AWK - Get Free Report) last posted its quarterly earnings data 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 net margin of 21.35% and a return on equity of 10.20%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the prior year, the firm posted $1.48 EPS. 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. Equities analysts predict that American Water Works Company, Inc. will post 6.09 EPS for the current year.

American Water Works Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Tuesday, August 11th. American Water Works's payout ratio is presently 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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