Jupiter Topco LLC Invests $33.94 Million in American Water Works Company, Inc. $AWK

Key Points

• Jupiter Topco LLC acquired 257,923 American Water Works shares worth approximately $33.94 million, representing about 0.13% of the company. Institutional investors and hedge funds collectively own 86.58% of AWK.
• Analysts remain broadly cautious, with one Buy, eight Hold, and one Sell rating; the consensus rating is Hold with a target price of $138.78.
• American Water Works exceeded quarterly expectations, reporting $1.61 in EPS and $1.35 billion in revenue, while declaring a quarterly dividend of $0.895 per share, equivalent to a 2.6% yield.

Jupiter Topco LLC bought a new position in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 257,923 shares of the utilities provider's stock, valued at approximately $33,941,000. Jupiter Topco LLC owned about 0.13% of American Water Works at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Reflection Asset Management purchased a new stake in shares of American Water Works in the fourth quarter worth about $25,000. Transamerica Financial Advisors LLC raised 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 acquiring an additional 90 shares in the last quarter. Nemes Rush Group LLC acquired a new position in American Water Works in the fourth quarter valued at approximately $27,000. Ascentis Independent Advisors acquired a new position in American Water Works in the first quarter valued at approximately $27,000. Finally, MV Capital Management Inc. acquired a new position in American Water Works in the fourth quarter valued at approximately $29,000. 86.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on AWK shares. UBS Group raised their price objective on shares of American Water Works from $140.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday, July 2nd. Mizuho boosted their target price on shares of American Water Works from $130.00 to $140.00 and gave the company a "neutral" rating in a research note on Friday, July 31st. Barclays increased their price target on shares of American Water Works from $124.00 to $130.00 and gave the stock an "underweight" rating in a report on Wednesday, July 15th. JPMorgan Chase & Co. lifted their price objective on shares of American Water Works from $138.00 to $147.00 and gave the company a "neutral" rating in a report on Wednesday, July 8th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of American Water Works in a research report on Wednesday, June 24th. 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 stock presently has an average rating of "Hold" and a consensus target price of $138.78.

American Water Works Price Performance

American Water Works stock opened at $138.19 on Friday. The stock has a market capitalization of $27.46 billion, a P/E ratio of 23.95, a P/E/G ratio of 2.79 and a beta of 0.60. The company's fifty day moving average price is $134.13 and its 200 day moving average price is $131.94. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.49 and a current ratio of 0.52. American Water Works Company, Inc. has a 1 year low of $120.57 and a 1 year high of $145.64.

American Water Works (NYSE:AWK - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share for the quarter, topping analysts' consensus estimates of $1.53 by $0.08. The company had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.33 billion. American Water Works had a net margin of 21.35% and a return on equity of 10.20%. The firm's revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the business 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 anticipate that American Water Works Company, Inc. will post 6.09 earnings per share for the current fiscal year.

American Water Works Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Tuesday, August 11th. American Water Works's dividend payout ratio is 62.05%.

American Water Works 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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