Meeder Advisory Services Inc. Purchases New Stake in American Water Works Company, Inc. $AWK

Meeder Advisory Services Inc. acquired a new position in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 7,268 shares of the utilities provider's stock, valued at approximately $956,000.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of American Water Works in the 2nd quarter worth $2,712,173,000. State Street Corp boosted its position in shares of American Water Works by 4.2% during the 4th quarter. State Street Corp now owns 12,037,823 shares of the utilities provider's stock valued at $1,570,936,000 after acquiring an additional 486,090 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of American Water Works by 3,274.6% during the 4th quarter. Wellington Management Group LLP now owns 7,092,757 shares of the utilities provider's stock valued at $925,605,000 after acquiring an additional 6,882,575 shares during the last quarter. GQG Partners LLC grew its holdings in shares of American Water Works by 64.2% in the fourth quarter. GQG Partners LLC now owns 6,493,161 shares of the utilities provider's stock valued at $847,361,000 after purchasing an additional 2,539,683 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of American Water Works by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 5,039,122 shares of the utilities provider's stock valued at $655,025,000 after purchasing an additional 33,359 shares during the period. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

American Water Works Stock Up 1.6%

Shares of NYSE:AWK opened at $138.49 on Thursday. The company has a market capitalization of $27.52 billion, a price-to-earnings ratio of 24.00, a PEG ratio of 2.75 and a beta of 0.60. American Water Works Company, Inc. has a 12-month low of $120.57 and a 12-month high of $147.87. The business has a 50-day moving average price of $132.51 and a 200 day moving average price of $131.41. 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 (NYSE:AWK - Get Free Report) last posted its earnings results on Wednesday, July 29th. The utilities provider reported $1.61 EPS for the quarter, beating 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 in the prior year, the company posted $1.48 earnings per share. American Water Works's revenue for the quarter 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. Sell-side analysts expect that American Water Works Company, Inc. will post 6.09 EPS for the current year.

American Water Works Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be paid a $0.895 dividend. This represents a $3.58 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, August 11th. American Water Works's payout ratio is 62.05%.

Analyst Upgrades and Downgrades

AWK has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on shares of American Water Works from $138.00 to $147.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 8th. 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. Barclays raised 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. Bank of America reaffirmed a "neutral" rating on shares of American Water Works in a research report on Thursday, July 16th. Finally, Truist Financial set a $139.00 price objective on American Water Works in a report on Tuesday, August 4th. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $138.78.

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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