Northcape Wealth Management LLC Purchases New Shares in American Water Works Company, Inc. $AWK

Key Points

• Northcape Wealth Management bought 15,327 American Water Works shares worth approximately $2.0 million in the second quarter. Institutional investors and hedge funds now own 86.58% of AWK.
• Analysts maintain a generally cautious outlook, with an average rating of “Hold” and a consensus price target of $138.78, despite several recent target-price increases.
• American Water Works beat quarterly earnings and revenue expectations, reporting $1.61 EPS and $1.35 billion in revenue. The company declared a quarterly dividend of $0.895 per share, representing a 2.6% annualized yield.

Northcape Wealth Management LLC purchased a new position in 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. The fund purchased 15,327 shares of the utilities provider's stock, valued at approximately $2,017,000.

Other large investors also recently added to or reduced their stakes in the company. Edmond DE Rothschild Holding S.A. purchased a new position in American Water Works during the second quarter valued at $6,265,000. Johnson Financial Group Inc. purchased a new stake in shares of American Water Works during the second quarter worth about $43,000. Kentucky Farm Bureau Mutual Insurance Co purchased a new stake in shares of American Water Works during the second quarter worth about $1,579,000. Danske Bank A S purchased a new stake in shares of American Water Works during the second quarter worth about $29,166,000. Finally, Diversify Advisory Services LLC acquired a new position in shares of American Water Works during the 2nd quarter worth about $425,000. 86.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AWK has been the topic of a number of research reports. Bank of America reaffirmed a "neutral" rating on shares of American Water Works in a research note on Thursday, July 16th. Barclays boosted their price objective on American Water Works from $124.00 to $130.00 and gave the stock an "underweight" rating in a research note on Wednesday, July 15th. Mizuho increased their target price on American Water Works from $130.00 to $140.00 and gave the company a "neutral" rating in a report on Friday, July 31st. UBS Group raised their target price 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. Finally, Truist Financial set a $139.00 price target on American Water Works in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, American Water Works presently has an average rating of "Hold" and a consensus target price of $138.78.

American Water Works Stock Performance

Shares of American Water Works stock opened at $138.49 on Thursday. The business's 50 day moving average price is $132.51 and its 200 day moving average price is $131.41. The company has a market cap of $27.52 billion, a price-to-earnings ratio of 24.00, a PEG ratio of 2.75 and a beta of 0.60. 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 one year low of $120.57 and a one year high of $147.87.

American Water Works (NYSE:AWK - Get Free Report) last issued its earnings results 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 company had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.33 billion. During the same period in the prior year, the business earned $1.48 EPS. The firm's quarterly revenue 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, research analysts predict that American Water Works Company, Inc. will post 6.09 EPS for the current year.

American Water Works Announces Dividend

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

American Water Works Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source