Jericho Financial LLP Invests $3.51 Million in American Water Works Company, Inc. $AWK

Jericho Financial LLP purchased a new position in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 26,642 shares of the utilities provider's stock, valued at approximately $3,506,000. American Water Works makes up 1.8% of Jericho Financial LLP's investment portfolio, making the stock its 26th biggest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Reflection Asset Management purchased a new position in American Water Works in the 4th quarter valued at $25,000. Transamerica Financial Advisors LLC grew its holdings in shares of 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 shares of American Water Works during the fourth quarter worth $27,000. Ascentis Independent Advisors acquired a new stake in shares of American Water Works in the first quarter valued at about $27,000. Finally, MV Capital Management Inc. acquired a new stake in shares of American Water Works in the fourth quarter valued at about $29,000. 86.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AWK has been the topic of a number of recent research reports. Mizuho boosted their price target 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. Weiss Ratings reiterated a "hold (c)" rating on shares of American Water Works in a report on Wednesday, June 24th. 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. Barclays raised their target price on shares of American Water Works from $124.00 to $130.00 and gave the stock an "underweight" rating in a research note on Wednesday, July 15th. Finally, Bank of America restated 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 given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $138.78.

American Water Works Stock Up 0.2%

NYSE AWK opened at $135.66 on Monday. American Water Works Company, Inc. has a 52 week low of $120.57 and a 52 week high of $147.84. 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 business's fifty day simple moving average is $132.95 and its 200-day simple moving average is $131.54. The firm has a market cap of $26.96 billion, a PE ratio of 23.51, a P/E/G ratio of 2.76 and a beta of 0.60.

American Water Works (NYSE:AWK - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share for the quarter, beating 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 analysts' expectations of $1.33 billion. During the same quarter in the previous year, the company posted $1.48 EPS. The company's 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, equities analysts anticipate that American Water Works Company, Inc. will post 6.09 earnings per share for the current year.

American Water Works Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be issued a $0.895 dividend. This represents a $3.58 annualized dividend and a yield of 2.6%. The ex-dividend date is Tuesday, August 11th. American Water Works's payout ratio is presently 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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