Sone Capital Management LLC Makes New $4.80 Million Investment in American Water Works Company, Inc. $AWK

Key Points

• Sone Capital Management initiated a $4.80 million position in American Water Works during the second quarter by purchasing 36,448 shares. Institutional investors collectively own 86.58% of AWK.
• American Water Works exceeded quarterly earnings expectations, reporting $1.61 in EPS versus the $1.53 consensus estimate, while revenue increased 6.2% year over year to $1.35 billion.
• The company declared a quarterly dividend of $0.895 per share, equal to an annualized $3.58 payout and a 2.6% yield. Analysts maintain a consensus “Hold” rating with a $138.78 target price.

Sone Capital Management LLC bought a new stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 36,448 shares of the utilities provider's stock, valued at approximately $4,796,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Reflection Asset Management bought a new stake in American Water Works in the 4th quarter valued at about $25,000. Ascentis Independent Advisors bought a new position in American Water Works during the first quarter worth about $27,000. Transamerica Financial Advisors LLC increased its stake in shares of American Water Works by 82.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 199 shares of the utilities provider's stock worth $26,000 after purchasing an additional 90 shares in the last quarter. Nemes Rush Group LLC purchased a new position in shares of American Water Works in the fourth quarter worth about $27,000. Finally, Harborfront Financial Group LLC bought a new stake in shares of American Water Works in the second quarter valued at approximately $29,000. Institutional investors own 86.58% of the company's stock.

American Water Works Stock Performance

Shares of AWK opened at $139.90 on Tuesday. American Water Works Company, Inc. has a 12-month low of $120.57 and a 12-month high of $146.29. 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 company has a market cap of $27.80 billion, a PE ratio of 24.25, a price-to-earnings-growth ratio of 2.76 and a beta of 0.60. The stock has a 50-day moving average price of $133.22 and a 200-day moving average price of $131.64.

American Water Works (NYSE:AWK - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.08. The company had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.33 billion. American Water Works had a net margin of 21.35% and a return on equity of 10.20%. American Water Works's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.48 earnings per share. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders 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 yield of 2.6%. The ex-dividend date of this dividend is Tuesday, August 11th. American Water Works's payout ratio is currently 62.05%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wall Street Zen upgraded American Water Works from a "strong sell" rating to a "sell" rating in a research report on Monday, August 3rd. Bank of America reissued a "neutral" rating on shares of American Water Works in a report on Thursday, July 16th. Barclays lifted their target price on American Water Works from $124.00 to $130.00 and gave the company an "underweight" rating in a report on Wednesday, July 15th. Truist Financial set a $139.00 price target on American Water Works in a research report on Tuesday, August 4th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of American Water Works in a report on Wednesday, June 24th. 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. Based on data from MarketBeat.com, American Water Works has an average rating of "Hold" and a consensus price target of $138.78.

American Water Works 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.

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