Formuepleje A S Makes New Investment in American Water Works Company, Inc. $AWK

Key Points

• Formuepleje A S acquired 10,388 shares of American Water Works in the second quarter, valued at approximately $1.37 million. Institutional investors collectively own 86.58% of the company.
• Analysts maintain a largely neutral outlook, with one Buy, eight Hold, and one Sell rating; the consensus price target is $138.78.
• American Water Works exceeded quarterly earnings and revenue expectations, reporting $1.61 EPS and $1.35 billion in revenue, while paying a quarterly dividend of $0.895 per share for a 2.5% annualized yield.

Formuepleje A S acquired a new stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 10,388 shares of the utilities provider's stock, valued at approximately $1,367,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AWK. Reflection Asset Management purchased a new stake in American Water Works in the fourth quarter worth $25,000. Transamerica Financial Advisors LLC lifted its position 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 valued at $26,000 after buying an additional 90 shares during the period. Nemes Rush Group LLC bought a new stake in shares of American Water Works during the 4th quarter valued at $27,000. Ascentis Independent Advisors bought a new stake in shares of American Water Works during the 1st quarter valued at $27,000. Finally, MV Capital Management Inc. purchased a new stake in shares of American Water Works in the 4th quarter worth about $29,000. Hedge funds and other institutional investors own 86.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of American Water Works in a research note on Wednesday, June 24th. Truist Financial set a $139.00 price objective on shares of American Water Works in a report on Tuesday, August 4th. Bank of America reaffirmed a "neutral" rating on shares of American Water Works in a research note on Thursday, July 16th. Mizuho lifted 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. Finally, Barclays boosted their price target on American Water Works from $124.00 to $130.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $138.78.

American Water Works Stock Down 0.1%

Shares of American Water Works stock opened at $140.49 on Monday. 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 stock has a market capitalization of $27.92 billion, a PE ratio of 24.35, a price-to-earnings-growth ratio of 2.87 and a beta of 0.59. American Water Works Company, Inc. has a 52-week low of $120.57 and a 52-week high of $145.64. The company has a 50-day simple moving average of $135.18 and a two-hundred day simple moving average of $132.37.

American Water Works (NYSE:AWK - Get Free Report) last issued its earnings results on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the firm posted $1.48 earnings per share. The business's 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. On average, analysts anticipate that American Water Works Company, Inc. will post 6.09 EPS for the current fiscal year.

American Water Works Dividend Announcement

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 dividend of $0.895 per share. This represents a $3.58 annualized dividend and a yield of 2.5%. The ex-dividend date was Tuesday, August 11th. American Water Works's dividend payout ratio (DPR) is currently 62.05%.

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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