Odyssean LLC Raises Position in American Water Works Company, Inc. $AWK

Key Points

• Odyssean LLC more than doubled its American Water Works stake by acquiring 12,415 additional shares in the second quarter, bringing its holdings to 23,536 shares valued at approximately $3.1 million.
• Institutional ownership remains high at 86.58%, with several other investment firms increasing their positions or initiating new stakes in AWK.
• American Water Works beat quarterly earnings and revenue estimates, reporting $1.61 in EPS and $1.35 billion in revenue. Analysts maintain a consensus “Hold” rating with an average price target of $138.78, while the company pays a $0.895 quarterly dividend.

Odyssean LLC grew its holdings in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 111.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,536 shares of the utilities provider's stock after acquiring an additional 12,415 shares during the period. Odyssean LLC's holdings in American Water Works were worth $3,097,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of AWK. Cbre Investment Management Listed Real Assets LLC increased its holdings in American Water Works by 82.7% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 21,430 shares of the utilities provider's stock worth $2,797,000 after purchasing an additional 9,698 shares during the period. Louisiana State Employees Retirement System acquired a new stake in American Water Works in the 1st quarter valued at about $1,347,000. Generali Asset Management SPA SGR boosted its stake in shares of American Water Works by 73.8% in the 4th quarter. Generali Asset Management SPA SGR now owns 25,338 shares of the utilities provider's stock valued at $3,307,000 after buying an additional 10,760 shares during the period. Capital Innovations LLC purchased a new position in shares of American Water Works in the 4th quarter valued at about $4,700,000. Finally, Jericho Financial LLP acquired a new position in shares of American Water Works during the second quarter worth about $3,506,000. Hedge funds and other institutional investors own 86.58% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Barclays upped their target price on shares of American Water Works from $124.00 to $130.00 and gave the stock an "underweight" rating in a research note on Wednesday, July 15th. Wall Street Zen upgraded shares of American Water Works from a "strong sell" rating to a "sell" rating in a report on Monday, August 3rd. Bank of America reissued a "neutral" rating on shares of American Water Works in a research report on Thursday, July 16th. JPMorgan Chase & Co. raised their price objective on shares of American Water Works from $138.00 to $147.00 and gave the company a "neutral" rating in a report on Wednesday, July 8th. Finally, Mizuho lifted their price objective 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. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $138.78.

American Water Works Price Performance

Shares of NYSE AWK opened at $140.49 on Friday. 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 fifty-two week low of $120.57 and a fifty-two week high of $145.64. The firm has a market capitalization of $27.92 billion, a PE ratio of 24.35, a price-to-earnings-growth ratio of 2.87 and a beta of 0.59. The stock's 50-day simple moving average is $135.18 and its 200-day simple moving average is $132.38.

American Water Works (NYSE:AWK - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.53 by $0.08. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. American Water Works had a return on equity of 10.20% and a net margin of 21.35%.The firm's quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.48 earnings per share. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. As a group, equities research analysts forecast that American Water Works Company, Inc. will post 6.09 EPS for the current fiscal year.

American Water Works Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th were issued a $0.895 dividend. The ex-dividend date was Tuesday, August 11th. This represents a $3.58 annualized dividend and a dividend yield of 2.5%. American Water Works's dividend payout ratio is presently 62.05%.

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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