Evergreen Capital Management LLC Acquires 99,447 Shares of American Water Works Company, Inc. $AWK

Key Points

• Evergreen Capital Management increased its American Water Works stake by 5,915.9%, adding 99,447 shares to own 101,128 shares valued at approximately $13.3 million. Institutional investors collectively hold 86.58% of the company.
• Analysts maintain a consensus “Hold” rating on AWK, with one Buy, seven Hold, and one Sell rating and an average price target of $136.75.
• American Water Works reported quarterly earnings of $1.61 per share, beating estimates, while revenue rose 6.2% year over year to $1.35 billion. The company also pays a quarterly dividend of $0.895, representing a 2.5% annualized yield.

Evergreen Capital Management LLC increased its holdings in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 5,915.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 101,128 shares of the utilities provider's stock after purchasing an additional 99,447 shares during the quarter. Evergreen Capital Management LLC owned 0.05% of American Water Works worth $13,267,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in American Water Works in the second quarter valued at approximately $2,712,173,000. Wellington Management Group LLP increased its position in shares of American Water Works by 35.2% in the second quarter. Wellington Management Group LLP now owns 14,911,963 shares of the utilities provider's stock valued at $1,962,116,000 after buying an additional 3,883,057 shares in the last quarter. GQG Partners LLC purchased a new stake in shares of American Water Works in the second quarter valued at approximately $1,171,477,000. Amundi raised its stake in shares of American Water Works by 4.3% during the 1st quarter. Amundi now owns 4,351,056 shares of the utilities provider's stock worth $592,081,000 after buying an additional 179,127 shares during the period. Finally, Legal & General Group Plc acquired a new position in shares of American Water Works during the 2nd quarter worth approximately $443,787,000. Hedge funds and other institutional investors own 86.58% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on AWK shares. Weiss Ratings upgraded American Water Works from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, October 2nd. JPMorgan Chase & Co. lifted their price target on shares of American Water Works from $138.00 to $147.00 and gave the company a "neutral" rating in a research note on Wednesday, July 8th. Barclays cut their price target on shares of American Water Works from $130.00 to $127.00 and set an "underweight" rating for the company in a report on Monday, October 19th. Mizuho upped their price objective on shares of American Water Works from $130.00 to $140.00 and gave the stock a "neutral" rating in a research report on Friday, July 31st. Finally, Wall Street Zen upgraded shares of American Water Works from a "strong sell" rating to a "sell" rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $136.75.

American Water Works Stock Performance

Shares of NYSE:AWK opened at $142.83 on Friday. American Water Works Company, Inc. has a 1 year low of $120.57 and a 1 year high of $144.14. 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 business's 50 day moving average price is $135.13 and its 200-day moving average price is $131.97. The firm has a market capitalization of $28.38 billion, a PE ratio of 24.75, a P/E/G ratio of 2.91 and a beta of 0.58.

American Water Works (NYSE:AWK - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.08. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. American Water Works had a net margin of 21.35% and a return on equity of 10.20%. The company's revenue for the quarter was up 6.2% on a year-over-year basis. During the same period last year, the firm posted $1.48 earnings per share. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. As a group, equities research analysts expect that American Water Works Company, Inc. will post 6.08 earnings per share for the current fiscal year.

American Water Works Announces Dividend

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

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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