Impax Asset Management Group plc Has $241.38 Million Position in American Water Works Company, Inc. $AWK

Impax Asset Management Group plc lessened its stake in American Water Works Company, Inc. (NYSE:AWK) by 24.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 1,735,199 shares of the utilities provider’s stock after selling 574,390 shares during the period. American Water Works comprises about 1.4% of Impax Asset Management Group plc’s investment portfolio, making the stock its 20th largest position. Impax Asset Management Group plc’s holdings in American Water Works were worth $241,384,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Police & Firemen s Retirement System of New Jersey raised its position in shares of American Water Works by 4.3% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 29,514 shares of the utilities provider’s stock worth $4,106,000 after acquiring an additional 1,230 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of American Water Works by 2.1% in the 2nd quarter. Geode Capital Management LLC now owns 4,949,996 shares of the utilities provider’s stock worth $685,662,000 after acquiring an additional 103,595 shares during the last quarter. Forsta AP Fonden raised its stake in shares of American Water Works by 11.4% in the second quarter. Forsta AP Fonden now owns 39,000 shares of the utilities provider’s stock worth $5,425,000 after purchasing an additional 4,000 shares during the last quarter. Jupiter Asset Management Ltd. lifted its stake in American Water Works by 20.2% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 312,969 shares of the utilities provider’s stock valued at $43,537,000 after acquiring an additional 52,492 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of American Water Works by 17.3% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 98,539 shares of the utilities provider’s stock valued at $13,708,000 after purchasing an additional 14,555 shares in the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Trading Down 0.2%

NYSE AWK opened at $129.77 on Thursday. The stock has a market cap of $25.32 billion, a P/E ratio of 22.81, a price-to-earnings-growth ratio of 2.84 and a beta of 0.72. American Water Works Company, Inc. has a fifty-two week low of $118.74 and a fifty-two week high of $155.50. The stock has a 50 day simple moving average of $137.10 and a two-hundred day simple moving average of $140.56. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.35.

American Water Works (NYSE:AWK) last announced its earnings results on Wednesday, October 29th. The utilities provider reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.04. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.36 billion. American Water Works had a return on equity of 10.57% and a net margin of 21.93%.The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.80 earnings per share. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. FY 2026 guidance at 6.020-6.120 EPS. On average, analysts forecast that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Thursday, November 13th will be given a dividend of $0.8275 per share. The ex-dividend date is Thursday, November 13th. This represents a $3.31 annualized dividend and a dividend yield of 2.6%. American Water Works’s payout ratio is currently 58.17%.

Analysts Set New Price Targets

AWK has been the subject of a number of research reports. Barclays increased their target price on shares of American Water Works from $128.00 to $134.00 and gave the company an “underweight” rating in a research report on Tuesday, October 21st. Argus lifted their price objective on American Water Works from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, August 14th. Cowen initiated coverage on American Water Works in a report on Wednesday, October 15th. They set a “hold” rating for the company. Weiss Ratings restated a “hold (c+)” rating on shares of American Water Works in a research report on Wednesday, October 8th. Finally, Mizuho set a $145.00 price objective on American Water Works in a research report on Tuesday, October 28th. One analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $143.00.

About American Water Works

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.5 million active customers. The company serves residential customers; commercial customers, including food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities, such as schools and universities; and other utilities and community water and wastewater systems.