American Water Works Company, Inc. $AWK Stock Position Increased by Mattern Capital Management LLC

Mattern Capital Management LLC raised its position in American Water Works Company, Inc. (NYSE:AWK) by 36.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 87,602 shares of the utilities provider’s stock after acquiring an additional 23,538 shares during the quarter. American Water Works accounts for about 1.4% of Mattern Capital Management LLC’s investment portfolio, making the stock its 14th biggest position. Mattern Capital Management LLC’s holdings in American Water Works were worth $11,922,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Empowered Funds LLC raised its stake in shares of American Water Works by 11.5% during 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 grew its position in American Water Works by 40.7% in the 1st quarter. Woodline Partners LP now owns 16,466 shares of the utilities provider’s stock valued at $2,429,000 after buying an additional 4,762 shares in the last quarter. Sivia Capital Partners LLC bought a new position in American Water Works in the 2nd quarter valued at about $302,000. Cresset Asset Management LLC increased its stake in American Water Works by 1.5% during 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 increased its stake in American Water Works by 184.4% during 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 Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wells Fargo & Company set a $131.00 price target on shares of American Water Works in a research note on Tuesday, April 21st. UBS Group raised 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 note on Thursday, July 2nd. Wall Street Zen raised American Water Works from a “strong sell” rating to a “sell” rating in a report on Sunday, April 26th. JPMorgan Chase & Co. upped their target price on American Water Works from $138.00 to $147.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Water Works in a research note on Wednesday, June 24th. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $140.00.

American Water Works Stock Performance

Shares of AWK opened at $131.47 on Tuesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.37 and a quick ratio of 0.34. The firm’s 50 day moving average is $127.02 and its 200-day moving average is $130.59. American Water Works Company, Inc. has a 12-month low of $120.57 and a 12-month high of $147.87. The stock has a market capitalization of $25.67 billion, a P/E ratio of 23.31, a P/E/G ratio of 2.84 and a beta of 0.61.

American Water Works (NYSE:AWK) last released its earnings results on Wednesday, April 29th. The utilities provider reported $1.01 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.09). The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.17 billion. American Water Works had a net margin of 21.17% and a return on equity of 10.20%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.05 earnings per share. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. Equities research analysts anticipate that American Water Works Company, Inc. will post 6.08 EPS for the current fiscal year.

American Water Works Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 12th were given a dividend of $0.895 per share. This is a boost from American Water Works’s previous quarterly dividend of $0.83. The ex-dividend date was Tuesday, May 12th. This represents a $3.58 dividend on an annualized basis and a dividend yield of 2.7%. American Water Works’s payout ratio is currently 63.48%.

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.