Midway Capital Research & Management Acquires 12,725 Shares of American Water Works Company, Inc. $AWK

Key Points

• Midway Capital Research & Management increased its American Water Works stake by 1,131.1% in the third quarter, acquiring 12,725 shares for a total holding of 13,850 shares valued at approximately $1.79 million.
• American Water Works reported quarterly EPS of $1.61, exceeding the $1.53 consensus estimate, while revenue rose 6.2% year over year to $1.35 billion. The company also maintains a quarterly dividend of $0.895 per share, or a 2.7% annualized yield.
• AWK shares opened at $133.63, while analysts maintain a broadly neutral outlook: the stock has a consensus “Hold” rating and an average price target of $136.75.

Midway Capital Research & Management grew its holdings in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 1,131.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,850 shares of the utilities provider's stock after buying an additional 12,725 shares during the quarter. American Water Works makes up 1.5% of Midway Capital Research & Management's portfolio, making the stock its 27th largest position. Midway Capital Research & Management's holdings in American Water Works were worth $1,793,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Jeppson Wealth Management LLC grew its holdings in shares of American Water Works by 2.9% in the 3rd quarter. Jeppson Wealth Management LLC now owns 3,897 shares of the utilities provider's stock valued at $505,000 after acquiring an additional 109 shares in the last quarter. BDF Gestion bought a new position in American Water Works in the third quarter valued at approximately $1,212,000. Robertson Stephens Wealth Management LLC bought a new position in American Water Works in the third quarter valued at approximately $332,000. Frank Rimerman Advisors LLC grew its stake in American Water Works by 11.8% in the third quarter. Frank Rimerman Advisors LLC now owns 1,701 shares of the utilities provider's stock valued at $220,000 after purchasing an additional 180 shares in the last quarter. Finally, Western Pacific Wealth Management LP acquired a new position in shares of American Water Works during the 3rd quarter worth approximately $171,000. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Trading Down 1.0%

American Water Works stock opened at $133.63 on Tuesday. American Water Works Company, Inc. has a 52 week low of $120.57 and a 52 week high of $145.64. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.49 and a current ratio of 0.52. The stock has a market capitalization of $26.56 billion, a P/E ratio of 23.16, a PEG ratio of 2.75 and a beta of 0.58. The stock has a 50-day simple moving average of $134.86 and a 200 day simple moving average of $131.88.

American Water Works (NYSE:AWK - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $1.33 billion. During the same quarter in the prior year, the company earned $1.48 earnings per share. The business'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. Analysts expect that American Water Works Company, Inc. will post 6.09 earnings per share for the current year.

American Water Works Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th were issued a dividend of $0.8950 per share. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $3.58 dividend on an annualized basis and a dividend yield of 2.7%. American Water Works's payout ratio is presently 62.05%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Bank of America reiterated a "neutral" rating on shares of American Water Works in a research note on Thursday, July 16th. JPMorgan Chase & Co. upped their price target on shares of American Water Works from $138.00 to $147.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 8th. Mizuho upped 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. Wall Street Zen upgraded shares of American Water Works from a "strong sell" rating to a "sell" rating in a research note on Monday, August 3rd. Finally, UBS Group decreased their price objective on shares of American Water Works from $162.00 to $153.00 and set a "buy" rating for the company in a research report on Friday. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $136.75.

American Water Works Profile

American Water Works Company, Inc is a public water and wastewater utility that provides essential services to residential, commercial, industrial and institutional customers. Through its regulated businesses, the company supplies drinking water, collects and treats wastewater, and manages related infrastructure, including treatment plants, pipelines, storage facilities and customer service systems.

Founded in 1886, American Water has grown into one of the largest water and wastewater service providers in the United States.

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