Wellington Management Group LLP Has $1.96 Billion Stock Holdings in American Water Works Company, Inc. $AWK

Key Points

• Wellington Management increased its American Water Works stake by 35.2% in the second quarter, acquiring 3.88 million additional shares and holding approximately 7.5% of the company, valued at $1.96 billion.
• Analysts maintain a broadly cautious outlook, with a consensus “Hold” rating and an average price target of $138.78; ratings include one Buy, eight Holds, and one Sell.
• American Water Works exceeded quarterly earnings and revenue expectations, reporting $1.61 in EPS and $1.35 billion in revenue, while announcing a quarterly dividend of $0.895 per share, yielding about 2.6% annually.

Wellington Management Group LLP increased its position in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 35.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,911,963 shares of the utilities provider's stock after acquiring an additional 3,883,057 shares during the quarter. Wellington Management Group LLP owned about 7.50% of American Water Works worth $1,962,116,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AWK. Empowered Funds LLC increased its stake in American Water Works by 11.5% in the first quarter. Empowered Funds LLC now owns 5,912 shares of the utilities provider's stock valued at $872,000 after purchasing an additional 609 shares in the last quarter. Woodline Partners LP boosted its position in shares of American Water Works by 40.7% during the first quarter. Woodline Partners LP now owns 16,466 shares of the utilities provider's stock worth $2,429,000 after purchasing an additional 4,762 shares in the last quarter. Sivia Capital Partners LLC bought a new position in shares of American Water Works during the second quarter worth $302,000. Cresset Asset Management LLC grew its holdings in shares of American Water Works by 1.5% in the 2nd quarter. Cresset Asset Management LLC now owns 5,865 shares of the utilities provider's stock valued at $816,000 after buying an additional 85 shares during the period. Finally, Gamco Investors INC. ET AL grew its holdings in shares of American Water Works by 184.4% in the 2nd quarter. Gamco Investors INC. ET AL now owns 5,492 shares of the utilities provider's stock valued at $764,000 after buying an additional 3,561 shares during the period. Institutional investors and hedge funds own 86.58% of the company's stock.

Analyst Ratings Changes

AWK has been the subject of a number of recent analyst reports. UBS Group upped their price objective on shares of American Water Works from $140.00 to $150.00 and gave the company a "buy" rating in a research report on Thursday, July 2nd. Bank of America reiterated a "neutral" rating on shares of American Water Works in a report on Thursday, July 16th. Barclays boosted their target price on American Water Works from $124.00 to $130.00 and gave the company an "underweight" rating in a research note on Wednesday, July 15th. Mizuho increased their price target on American Water Works from $130.00 to $140.00 and gave the stock a "neutral" rating in a report on Friday, July 31st. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of American Water Works in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $138.78.

American Water Works Stock Up 1.1%

American Water Works stock opened at $138.19 on Friday. The stock has a market capitalization of $27.46 billion, a PE ratio of 23.95, a price-to-earnings-growth ratio of 2.79 and a beta of 0.60. American Water Works Company, Inc. has a twelve month low of $120.57 and a twelve month high of $145.64. The company has a quick ratio of 0.49, a current ratio of 0.52 and a debt-to-equity ratio of 1.20. The company has a 50 day moving average of $134.13 and a 200-day moving average of $131.94.

American Water Works (NYSE:AWK - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.08. American Water Works had a net margin of 21.35% and a return on equity of 10.20%. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the prior year, the firm earned $1.48 earnings per share. The firm's revenue 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. On average, equities research analysts anticipate that American Water Works Company, Inc. will post 6.09 EPS for the current fiscal year.

American Water Works Announces Dividend

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

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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