American Water Works Company, Inc. (AWK) To Go Ex-Dividend on May 12th

American Water Works Company, Inc. (NYSE:AWK) declared a quarterly dividend on Wednesday, April 29th. Stockholders of record on Tuesday, May 12th will be given a dividend of 0.895 per share by the utilities provider on Tuesday, June 2nd. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, May 12th. This is a 8.2% increase from American Water Works’s previous quarterly dividend of $0.83.

American Water Works has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 18 consecutive years. American Water Works has a dividend payout ratio of 58.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect American Water Works to earn $6.60 per share next year, which means the company should continue to be able to cover its $3.58 annual dividend with an expected future payout ratio of 54.2%.

American Water Works Stock Performance

NYSE:AWK opened at $125.03 on Friday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.34 and a current ratio of 0.37. The firm’s 50-day moving average is $134.69 and its 200-day moving average is $132.18. American Water Works has a 52-week low of $121.28 and a 52-week high of $147.87. The company has a market cap of $24.42 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 2.76 and a beta of 0.64.

American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, April 29th. The utilities provider reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.09). American Water Works had a net margin of 21.17% and a return on equity of 10.20%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the firm posted $1.05 earnings per share. American Water Works’s revenue was up 5.7% on a year-over-year basis. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. Equities research analysts anticipate that American Water Works will post 6.09 earnings per share for the current year.

Hedge Funds Weigh In On American Water Works

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AWK. Salomon & Ludwin LLC boosted its position in American Water Works by 71.7% in the fourth quarter. Salomon & Ludwin LLC now owns 194 shares of the utilities provider’s stock valued at $25,000 after buying an additional 81 shares in the last quarter. Reflection Asset Management acquired a new position in American Water Works in the fourth quarter valued at about $25,000. Transamerica Financial Advisors LLC boosted its position in American Water Works by 82.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 199 shares of the utilities provider’s stock valued at $26,000 after buying an additional 90 shares in the last quarter. Grey Fox Wealth Advisors LLC acquired a new position in American Water Works in the third quarter valued at about $27,000. Finally, Nemes Rush Group LLC acquired a new position in American Water Works in the fourth quarter valued at about $27,000. 86.58% of the stock is currently owned by institutional investors and hedge funds.

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.