Global Retirement Partners LLC bought a new position in American Water Works Company, Inc. (NYSE:AWK – Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 4,375 shares of the utilities provider’s stock, valued at approximately $576,000.
Several other institutional investors and hedge funds have also made changes to their positions in AWK. Empowered Funds LLC increased its holdings in shares of 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 during the last quarter. Woodline Partners LP lifted its position in 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 buying an additional 4,762 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in American Water Works during the second quarter worth approximately $302,000. Cresset Asset Management LLC boosted its stake in American Water Works by 1.5% during the second quarter. Cresset Asset Management LLC now owns 5,865 shares of the utilities provider’s stock worth $816,000 after buying an additional 85 shares during the last quarter. Finally, Gamco Investors INC. ET AL boosted its stake in American Water Works by 184.4% during the second quarter. Gamco Investors INC. ET AL now owns 5,492 shares of the utilities provider’s stock worth $764,000 after buying an additional 3,561 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.
American Water Works News Summary
Here are the key news stories impacting American Water Works this week:
- Positive Sentiment: The Hart-Scott-Rodino waiting period for the proposed merger with Essential Utilities has expired, removing a significant U.S. antitrust review milestone. The transaction still requires other approvals and closing conditions, but the development reduces regulatory uncertainty and supports the path toward completion. American Water and Essential Utilities Announce Expiration of Hart-Scott-Rodino Waiting Period for Proposed Merger
- Neutral Sentiment: West Virginia American Water announced a $166,000 infrastructure upgrade in Fayetteville, while California American Water completed $675,000 of system improvements and a separate $1 million water-main upgrade in San Diego. The projects should improve reliability and may support the regulated utility’s long-term asset base, but their financial impact is modest relative to AWK’s overall scale. West Virginia American Water Announces $166,000 Infrastructure Project in Fayetteville California American Water Completes Infrastructure Upgrade in San Diego
- Neutral Sentiment: The American Water Charitable Foundation announced grants totaling $20,000 in California, $75,000 across New Jersey, $30,000-plus in Illinois, and $5,000 in Ventura County. The grants support workforce development, STEM education, United Way programs, and victim-support services, enhancing community relations but having limited direct effect on earnings. American Water Charitable Foundation Workforce Development Grant
- Negative Sentiment: Hawaii American Water reported that approximately 717,000 gallons of partially treated wastewater were temporarily discharged at Sandy Beach after storm-related power loss. The discharge stopped once generator power was restored, limiting the duration, but the event could create environmental, regulatory, or reputational risks. Heavy Rains Cause Temporary Discharge of Partially Treated Wastewater at Sandy Beach
American Water Works Trading Up 1.5%
American Water Works (NYSE:AWK – Get Free Report) last posted its earnings results on Wednesday, July 29th. The utilities provider reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. American Water Works had a return on equity of 10.20% and a net margin of 21.35%.The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the previous year, the business earned $1.48 earnings per share. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. As a group, research analysts predict that American Water Works Company, Inc. will post 6.09 earnings per share for the current year.
American Water Works Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be given a dividend of $0.895 per share. This represents a $3.58 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, August 11th. American Water Works’s dividend payout ratio (DPR) is presently 62.05%.
Analysts Set New Price Targets
A number of analysts have issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Water Works in a research note on Wednesday, June 24th. Bank of America reissued a “neutral” rating on shares of American Water Works in a research report on Thursday, July 16th. Barclays upped their price objective on shares of American Water Works from $124.00 to $130.00 and gave the company an “underweight” rating in a report on Wednesday, July 15th. JPMorgan Chase & Co. raised their price objective on shares of 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, Wall Street Zen raised shares of American Water Works from a “strong sell” rating to a “sell” rating in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, American Water Works currently has an average rating of “Hold” and an average price target of $138.78.
Get Our Latest Stock Analysis on American Water Works
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.
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