Kentucky Farm Bureau Mutual Insurance Co Purchases New Shares in American Water Works Company, Inc. $AWK

Key Points

• Kentucky Farm Bureau Mutual Insurance Co. purchased 12,000 shares of American Water Works in the second quarter, valued at approximately $1.58 million. Institutional investors and hedge funds collectively own 86.58% of AWK’s outstanding shares.
• Analysts maintain a generally cautious outlook, with one Buy, eight Hold, and one Sell rating; the consensus rating is Hold with an average price target of $138.78.
• American Water Works exceeded quarterly earnings and revenue expectations, reporting $1.61 in EPS and $1.35 billion in revenue, while revenue rose 6.2% year over year. The company also declared a quarterly dividend of $0.895 per share, implying a 2.6% annual yield.

Kentucky Farm Bureau Mutual Insurance Co acquired a new stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 12,000 shares of the utilities provider's stock, valued at approximately $1,579,000.

A number of other institutional investors and hedge funds have also made changes to their positions in AWK. Salomon & Ludwin LLC increased its holdings in shares of American Water Works by 71.7% in the 4th quarter. Salomon & Ludwin LLC now owns 194 shares of the utilities provider's stock worth $25,000 after buying an additional 81 shares during the last quarter. Reflection Asset Management bought a new position in shares of American Water Works in the 4th quarter valued at about $25,000. Transamerica Financial Advisors LLC lifted its holdings in shares of American Water Works by 82.6% in the 4th 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 during the last quarter. Nemes Rush Group LLC purchased a new position in American Water Works in the fourth quarter worth about $27,000. Finally, Ascentis Independent Advisors purchased a new position in American Water Works in the first quarter worth about $27,000. 86.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AWK shares. UBS Group upped their price objective on American Water Works from $140.00 to $150.00 and gave the company a "buy" rating in a research report on Thursday, July 2nd. Bank of America reiterated a "neutral" rating on shares of American Water Works in a report on Thursday, July 16th. Truist Financial set a $139.00 price target on American Water Works in a report on Tuesday, August 4th. Wall Street Zen raised shares of American Water Works from a "strong sell" rating to a "sell" rating in a research note on Monday, August 3rd. Finally, Mizuho boosted 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. One investment 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.com, the company presently has an average rating of "Hold" and an average price target of $138.78.

American Water Works Stock Up 1.6%

Shares of NYSE:AWK opened at $138.49 on Thursday. American Water Works Company, Inc. has a 1 year low of $120.57 and a 1 year high of $147.87. The business has a 50 day simple moving average of $132.51 and a two-hundred day simple moving average of $131.41. The firm has a market capitalization of $27.52 billion, a PE ratio of 24.00, a price-to-earnings-growth ratio of 2.75 and a beta of 0.60. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.52 and a quick ratio of 0.49.

American Water Works (NYSE:AWK - Get Free Report) last issued 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. American Water Works had a return on equity of 10.20% and a net margin of 21.35%.The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the prior year, the business posted $1.48 earnings per share. The company's revenue for the quarter 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, equities analysts predict that American Water Works Company, Inc. will post 6.09 EPS for the current year.

American Water Works Dividend Announcement

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