Charles Schwab Investment Management Inc. Has $167.33 Million Stake in American Water Works Company, Inc. $AWK

Charles Schwab Investment Management Inc. raised its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 2.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,202,847 shares of the utilities provider’s stock after acquiring an additional 24,993 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in American Water Works were worth $167,328,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. AGP Franklin LLC boosted its position in shares of American Water Works by 63.7% during the 2nd quarter. AGP Franklin LLC now owns 5,980 shares of the utilities provider’s stock valued at $832,000 after purchasing an additional 2,326 shares in the last quarter. Bowen Hanes & Co. Inc. boosted its holdings in shares of American Water Works by 11.5% during the 2nd quarter. Bowen Hanes & Co. Inc. now owns 14,518 shares of the utilities provider’s stock worth $2,020,000 after buying an additional 1,495 shares in the last quarter. Rhumbline Advisers grew its position in shares of American Water Works by 2.4% during the 2nd quarter. Rhumbline Advisers now owns 418,047 shares of the utilities provider’s stock worth $58,154,000 after buying an additional 9,942 shares during the period. AlphaCore Capital LLC acquired a new stake in shares of American Water Works during the 2nd quarter worth approximately $94,000. Finally, Mufg Securities Americas Inc. increased its stake in shares of American Water Works by 25.3% in the 2nd quarter. Mufg Securities Americas Inc. now owns 4,322 shares of the utilities provider’s stock valued at $601,000 after acquiring an additional 872 shares in the last quarter. 86.58% of the stock is owned by institutional investors.

American Water Works Trading Down 0.3%

AWK opened at $129.97 on Thursday. American Water Works Company, Inc. has a fifty-two week low of $118.74 and a fifty-two week high of $155.50. The firm has a market capitalization of $25.36 billion, a PE ratio of 22.84, a P/E/G ratio of 2.84 and a beta of 0.72. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.35 and a quick ratio of 0.32. The company’s 50-day moving average is $135.36 and its 200 day moving average is $139.42.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.04. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.36 billion. American Water Works had a return on equity of 10.57% and a net margin of 21.93%.The company’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.80 EPS. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. FY 2026 guidance at 6.020-6.120 EPS. As a group, research analysts predict that American Water Works Company, Inc. will post 5.71 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, December 2nd. Investors of record on Thursday, November 13th will be given a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Thursday, November 13th. American Water Works’s dividend payout ratio is presently 58.17%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AWK. Barclays increased their target price on shares of American Water Works from $128.00 to $134.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 21st. Argus increased their price objective on shares of American Water Works from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, August 14th. Jefferies Financial Group raised American Water Works from an “underperform” rating to a “hold” rating and boosted their target price for the company from $114.00 to $124.00 in a research report on Wednesday, November 5th. Cowen started coverage on American Water Works in a report on Wednesday, October 15th. They issued a “hold” rating on the stock. Finally, UBS Group reduced their price objective on American Water Works from $156.00 to $151.00 and set a “neutral” rating for the company in a research note on Tuesday, August 12th. One analyst has rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $143.00.

American Water Works Company Profile

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.