Magellan Asset Management Ltd Takes $29.39 Million Position in American Water Works Company, Inc. $AWK

Key Points

• Magellan Asset Management acquired 223,384 American Water Works shares worth approximately $29.39 million, representing about 0.11% of the utility company. Institutional investors collectively own 86.58% of AWK.
• American Water Works beat quarterly expectations with $1.61 in EPS and $1.35 billion in revenue, while revenue increased 6.2% year over year. The company reaffirmed fiscal 2026 EPS guidance of $6.02–$6.12.
• The company declared a quarterly dividend of $0.895 per share, equivalent to a 2.6% annualized yield. Analysts maintain a consensus “Hold” rating with an average price target of $138.78.

Magellan Asset Management Ltd 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 Securities and Exchange Commission (SEC). The firm acquired 223,384 shares of the utilities provider's stock, valued at approximately $29,393,000. Magellan Asset Management Ltd owned about 0.11% of American Water Works at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Reflection Asset Management purchased a new position in shares of American Water Works during the fourth quarter valued at approximately $25,000. Transamerica Financial Advisors LLC raised its stake in American Water Works by 82.6% during the 4th 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 last quarter. Ascentis Independent Advisors bought a new position in shares of American Water Works during the 1st quarter valued at $27,000. Nemes Rush Group LLC purchased a new position in shares of American Water Works in the 4th quarter worth $27,000. Finally, Harborfront Financial Group LLC bought a new stake in shares of American Water Works in the second quarter worth $29,000. Hedge funds and other institutional investors own 86.58% of the company's stock.

American Water Works Trading Up 0.2%

Shares of NYSE:AWK opened at $135.66 on Monday. The stock has a 50 day moving average of $132.95 and a 200 day moving average of $131.54. The company has a market cap of $26.96 billion, a PE ratio of 23.51, a price-to-earnings-growth ratio of 2.76 and a beta of 0.60. The company has a current ratio of 0.52, a quick ratio of 0.49 and a debt-to-equity ratio of 1.20. American Water Works Company, Inc. has a 12-month low of $120.57 and a 12-month high of $147.84.

American Water Works (NYSE:AWK - Get Free Report) last released its earnings results on Wednesday, July 29th. The utilities provider reported $1.61 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.33 billion. During the same quarter last year, the business earned $1.48 EPS. The firm'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 research analysts expect that American Water Works Company, Inc. will post 6.09 EPS for the current year.

American Water Works Announces Dividend

The firm also recently announced 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. The ex-dividend date is Tuesday, August 11th. This represents a $3.58 annualized dividend and a dividend yield of 2.6%. American Water Works's dividend payout ratio (DPR) is currently 62.05%.

Analysts Set New Price Targets

AWK has been the topic of a number of recent research reports. Bank of America reissued a "neutral" rating on shares of American Water Works in a report on Thursday, July 16th. Barclays boosted their target price on shares of American Water Works from $124.00 to $130.00 and gave the company an "underweight" rating in a research report on Wednesday, July 15th. UBS Group increased their price target on shares of American Water Works from $140.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday, July 2nd. Weiss Ratings reiterated a "hold (c)" rating on shares of American Water Works in a research note on Wednesday, June 24th. Finally, Wall Street Zen upgraded American Water Works from a "strong sell" rating to a "sell" rating in a research note on Monday, August 3rd. One investment 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. According to data from MarketBeat.com, American Water Works presently has a consensus rating of "Hold" and an average target price of $138.78.

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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