Equitable Holdings Inc. Makes New $1 Million Investment in American Water Works Company, Inc. $AWK

Equitable Holdings Inc. purchased a new position in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 7,633 shares of the utilities provider's stock, valued at approximately $1,004,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Reflection Asset Management acquired a new position in shares of American Water Works during the fourth quarter worth about $25,000. Ascentis Independent Advisors acquired a new stake in shares of American Water Works in the first quarter valued at about $27,000. Transamerica Financial Advisors LLC boosted its holdings in American Water Works by 82.6% during the fourth quarter. Transamerica Financial Advisors LLC now owns 199 shares of the utilities provider's stock worth $26,000 after buying an additional 90 shares in the last quarter. Nemes Rush Group LLC purchased a new stake in American Water Works during the fourth quarter worth about $27,000. Finally, Harborfront Financial Group LLC acquired a new position in American Water Works during the second quarter worth about $29,000. Hedge funds and other institutional investors own 86.58% of the company's stock.

Analyst Ratings Changes

AWK has been the subject of a number of research analyst reports. Mizuho increased their target price on shares of 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 raised American Water Works from a "strong sell" rating to a "sell" rating in a research note on Monday, August 3rd. Barclays upped their price target on American Water Works from $124.00 to $130.00 and gave the stock an "underweight" rating in a report on Wednesday, July 15th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of American Water Works in a report on Wednesday, June 24th. Finally, Bank of America reaffirmed a "neutral" rating on shares of American Water Works in a report on Thursday, July 16th. One equities 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's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $138.78.

American Water Works Stock Performance

Shares of AWK opened at $138.19 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.49 and a debt-to-equity ratio of 1.20. The stock has a market cap of $27.46 billion, a P/E ratio of 23.95, a PEG ratio of 2.82 and a beta of 0.60. The company has a 50-day moving average of $134.13 and a two-hundred day moving average of $131.94. American Water Works Company, Inc. has a 12-month low of $120.57 and a 12-month high of $145.64.

American Water Works (NYSE:AWK - Get Free Report) last announced 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 earned $1.48 EPS. American Water Works'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. As a group, research analysts predict that American Water Works Company, Inc. will post 6.09 EPS for the current fiscal year.

American Water Works Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be given a dividend of $0.895 per share. 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 dividend payout ratio (DPR) is currently 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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