Perigon Wealth Management LLC Makes New $1.05 Million Investment in American Water Works Company, Inc. $AWK

Key Points

• Perigon Wealth Management acquired 7,975 shares of American Water Works worth approximately $1.05 million, while institutional investors collectively own 86.58% of the company.
• Analysts maintain a generally neutral view, with one Buy, eight Hold, and one Sell rating; the consensus price target is $138.78. AWK recently exceeded quarterly earnings and revenue estimates, reporting $1.61 in EPS and $1.35 billion in revenue.
• The proposed merger with Essential Utilities cleared a key antitrust review milestone after the Hart-Scott-Rodino waiting period expired, though additional approvals remain. American Water Works also declared a quarterly dividend of $0.895 per share, yielding about 2.6% annually.

Perigon Wealth Management LLC purchased a new position in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 7,975 shares of the utilities provider's stock, valued at approximately $1,049,000.

Several other hedge funds and other institutional investors have also bought and sold shares of AWK. Salomon & Ludwin LLC grew its position in shares of American Water Works by 71.7% during the 4th quarter. Salomon & Ludwin LLC now owns 194 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 81 shares during the period. Reflection Asset Management bought a new stake in shares of American Water Works in the 4th quarter worth approximately $25,000. Transamerica Financial Advisors LLC raised its holdings in shares of American Water Works by 82.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 199 shares of the utilities provider's stock worth $26,000 after purchasing an additional 90 shares during the period. Nemes Rush Group LLC purchased a new position in American Water Works in the fourth quarter valued at approximately $27,000. Finally, Ascentis Independent Advisors purchased a new position in American Water Works in the first quarter valued at approximately $27,000. Hedge funds and other institutional investors own 86.58% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on AWK shares. JPMorgan Chase & Co. boosted their price objective on American Water Works from $138.00 to $147.00 and gave the company a "neutral" rating in a research note on Wednesday, July 8th. Mizuho increased their target price 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. Barclays lifted 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 raised shares of American Water Works from a "strong sell" rating to a "sell" rating in a research report on Monday, August 3rd. Finally, Truist Financial set a $139.00 price objective on shares of American Water Works in a report on Tuesday, August 4th. One investment 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. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $138.78.

Key Stories Impacting American Water Works

Here are the key news stories impacting American Water Works this week:

• Positive Sentiment: The Hart-Scott-Rodino waiting period for the proposed merger with Essential Utilities has expired, removing a significant U.S. antitrust review milestone. The transaction still requires other approvals and closing conditions, but the development reduces regulatory uncertainty and supports the path toward completion. American Water and Essential Utilities Announce Expiration of Hart-Scott-Rodino Waiting Period for Proposed Merger
• Neutral Sentiment: West Virginia American Water announced a $166,000 infrastructure upgrade in Fayetteville, while California American Water completed $675,000 of system improvements and a separate $1 million water-main upgrade in San Diego. The projects should improve reliability and may support the regulated utility’s long-term asset base, but their financial impact is modest relative to AWK’s overall scale. West Virginia American Water Announces $166,000 Infrastructure Project in Fayetteville California American Water Completes Infrastructure Upgrade in San Diego
• Neutral Sentiment: The American Water Charitable Foundation announced grants totaling $20,000 in California, $75,000 across New Jersey, $30,000-plus in Illinois, and $5,000 in Ventura County. The grants support workforce development, STEM education, United Way programs, and victim-support services, enhancing community relations but having limited direct effect on earnings. American Water Charitable Foundation Workforce Development Grant
• Negative Sentiment: Hawaii American Water reported that approximately 717,000 gallons of partially treated wastewater were temporarily discharged at Sandy Beach after storm-related power loss. The discharge stopped once generator power was restored, limiting the duration, but the event could create environmental, regulatory, or reputational risks. Heavy Rains Cause Temporary Discharge of Partially Treated Wastewater at Sandy Beach

American Water Works Stock Performance

Shares of AWK opened at $136.36 on Wednesday. The company has a market cap of $27.10 billion, a PE ratio of 23.63, a price-to-earnings-growth ratio of 2.75 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. The stock has a 50-day moving average price of $132.27 and a 200-day moving average price of $131.35. American Water Works Company, Inc. has a 12-month low of $120.57 and a 12-month high of $147.87.

American Water Works (NYSE:AWK - Get Free Report) last issued its quarterly 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. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. American Water Works had a net margin of 21.35% and a return on equity of 10.20%. The business's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.48 EPS. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. As a group, equities analysts forecast that American Water Works Company, Inc. will post 6.09 earnings per share for the current fiscal year.

American Water Works Announces Dividend

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