EULAV Asset Management Buys New Shares in American Water Works Company, Inc. $AWK

Key Points

• EULAV Asset Management purchased 18,819 shares of American Water Works worth approximately $2.44 million during the third quarter. Institutional investors collectively own 86.58% of AWK.
• American Water Works reported quarterly revenue of $1.35 billion and earnings of $1.61 per share, exceeding analyst expectations, while revenue increased 6.2% year over year.
• The company pays a quarterly dividend of $0.895 per share, equivalent to an annualized $3.58 dividend and a 2.5% yield. Analysts maintain a consensus “Hold” rating with an average price target of $136.75.

EULAV Asset Management bought a new position in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 18,819 shares of the utilities provider's stock, valued at approximately $2,436,000.

A number of other hedge funds have also modified their holdings of AWK. Louisiana State Employees Retirement System bought a new position in American Water Works in the 1st quarter worth $1,347,000. Jericho Financial LLP purchased a new stake in American Water Works in the 2nd quarter worth $3,506,000. Wealthfront Advisers LLC purchased a new stake in American Water Works in the 2nd quarter worth $11,899,000. Bank of Nova Scotia bought a new stake in American Water Works during the second quarter valued at about $3,092,000. Finally, Janney Montgomery Scott LLC raised its holdings in American Water Works by 22.2% during the first quarter. Janney Montgomery Scott LLC now owns 104,743 shares of the utilities provider's stock valued at $14,255,000 after acquiring an additional 19,043 shares during the period. 86.58% of the stock is currently owned by institutional investors.

American Water Works Stock Performance

Shares of American Water Works stock opened at $142.83 on Monday. The company has a quick ratio of 0.49, a current ratio of 0.52 and a debt-to-equity ratio of 1.20. The stock's fifty day moving average is $135.13 and its two-hundred day moving average is $131.92. American Water Works Company, Inc. has a 52 week low of $120.57 and a 52 week high of $144.14. The company has a market capitalization of $28.38 billion, a PE ratio of 24.75, a price-to-earnings-growth ratio of 2.91 and a beta of 0.58.

American Water Works (NYSE:AWK - Get Free Report) last issued its earnings results on Wednesday, July 29th. The utilities provider reported $1.61 EPS for the quarter, topping 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 business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the company posted $1.48 earnings per share. The company'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. As a group, analysts expect that American Water Works Company, Inc. will post 6.08 earnings per share for the current year.

American Water Works Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th were paid a $0.8950 dividend. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $3.58 annualized dividend and a yield of 2.5%. American Water Works's dividend payout ratio is 62.05%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AWK. Truist Financial set a $139.00 price target on American Water Works in a report on Tuesday, August 4th. UBS Group cut their price objective on shares of American Water Works from $162.00 to $153.00 and set a "buy" rating for the company in a report on Friday, October 16th. Mizuho lifted their price objective on shares of American Water Works from $130.00 to $140.00 and gave the company a "neutral" rating in a research report on Friday, July 31st. Bank of America reiterated a "neutral" rating on shares of American Water Works in a research report on Thursday, July 16th. Finally, JPMorgan Chase & Co. boosted their target price 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 analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, American Water Works has an average rating of "Hold" and a consensus price target of $136.75.

About American Water Works

American Water Works Company, Inc is a public water and wastewater utility that provides essential services to residential, commercial, industrial and institutional customers. Through its regulated businesses, the company supplies drinking water, collects and treats wastewater, and manages related infrastructure, including treatment plants, pipelines, storage facilities and customer service systems.

Founded in 1886, American Water has grown into one of the largest water and wastewater service providers in the United States.

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