Empowered Funds LLC Invests $2.01 Million in American Water Works Company, Inc. $AWK

Key Points

• Empowered Funds LLC bought 15,277 shares of American Water Works in the second quarter, worth approximately $2.01 million. Institutional investors collectively own 86.58% of the company.
• American Water Works exceeded quarterly earnings expectations, reporting $1.61 EPS versus the $1.53 consensus estimate, while revenue rose 6.2% year over year to $1.35 billion.
• The company pays a quarterly dividend of $0.895, equivalent to a $3.58 annualized payout and a 2.5% yield. Analysts maintain a consensus “Hold” rating with an average price target of $138.78.

Empowered Funds LLC purchased a new stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,277 shares of the utilities provider's stock, valued at approximately $2,010,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Reflection Asset Management acquired a new position in American Water Works during the fourth quarter worth $25,000. Transamerica Financial Advisors LLC increased its stake in shares of American Water Works by 82.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 199 shares of the utilities provider's stock worth $26,000 after acquiring an additional 90 shares during the last quarter. Nemes Rush Group LLC purchased a new position in shares of American Water Works during the 4th quarter worth $27,000. Ascentis Independent Advisors purchased a new position in shares of American Water Works during the 1st quarter worth $27,000. Finally, MV Capital Management Inc. acquired a new position in shares of American Water Works during the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 86.58% of the company's stock.

American Water Works Stock Performance

Shares of American Water Works stock opened at $140.77 on Friday. The firm has a market cap of $27.98 billion, a PE ratio of 24.40, a price-to-earnings-growth ratio of 2.84 and a beta of 0.59. 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 $145.64. The business's fifty day simple moving average is $135.02 and its 200-day simple moving average is $132.32.

American Water Works (NYSE:AWK - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.53 by $0.08. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. American Water Works had a return on equity of 10.20% and a net margin of 21.35%.The company's quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the company earned $1.48 EPS. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. Equities analysts forecast that American Water Works Company, Inc. will post 6.09 earnings per share for the current year.

American Water Works Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th were issued a $0.895 dividend. This represents a $3.58 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Tuesday, August 11th. American Water Works's dividend payout ratio is currently 62.05%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on AWK shares. UBS Group upped their price objective on shares of American Water Works from $140.00 to $150.00 and gave the company a "buy" rating in a report on Thursday, July 2nd. Bank of America reaffirmed a "neutral" rating on shares of American Water Works in a research note on Thursday, July 16th. Wall Street Zen upgraded shares of American Water Works from a "strong sell" rating to a "sell" rating in a report on Monday, August 3rd. Mizuho increased their price target on shares of American Water Works from $130.00 to $140.00 and gave the company a "neutral" rating in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. raised their price target on shares of American Water Works from $138.00 to $147.00 and gave the stock a "neutral" rating in a report on Wednesday, July 8th. One research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $138.78.

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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