Kingsview Wealth Management LLC Purchases Shares of 5,023 American Water Works Company, Inc. $AWK

Kingsview Wealth Management LLC purchased a new stake in American Water Works Company, Inc. (NYSE:AWK) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,023 shares of the utilities provider’s stock, valued at approximately $661,000.

Other hedge funds have also modified their holdings of the company. Versant Capital Management Inc lifted its stake in American Water Works by 6.6% in the 2nd quarter. Versant Capital Management Inc now owns 1,199 shares of the utilities provider’s stock valued at $158,000 after buying an additional 74 shares in the last quarter. Faithward Advisors LLC increased its position in American Water Works by 5.4% during the third quarter. Faithward Advisors LLC now owns 1,602 shares of the utilities provider’s stock worth $223,000 after buying an additional 82 shares in the last quarter. Cresset Asset Management LLC increased its position 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 in the last quarter. Transamerica Financial Advisors LLC raised its holdings in shares of American Water Works by 82.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 199 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 90 shares during the last quarter. Finally, Focused Wealth Management Inc raised its holdings in shares of American Water Works by 4.1% in the first quarter. Focused Wealth Management Inc now owns 2,376 shares of the utilities provider’s stock worth $323,000 after acquiring an additional 93 shares during the last quarter. 86.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Wall Street Zen raised American Water Works from a “strong sell” rating to a “sell” rating in a research note on Monday, August 3rd. Truist Financial set a $139.00 target price on shares of American Water Works in a report on Tuesday, August 4th. JPMorgan Chase & Co. raised their price target on shares of American Water Works from $138.00 to $147.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Barclays lifted their price target on shares of American Water Works from $124.00 to $130.00 and gave the stock an “underweight” rating in a report on Wednesday, July 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of American Water Works in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $138.78.

American Water Works Price Performance

AWK stock opened at $138.19 on Monday. The stock has a market capitalization of $27.46 billion, a price-to-earnings ratio of 23.95, a price-to-earnings-growth ratio of 2.82 and a beta of 0.60. The company has a quick ratio of 0.49, a current ratio of 0.52 and a debt-to-equity ratio of 1.20. American Water Works Company, Inc. has a 52-week low of $120.57 and a 52-week high of $145.64. The stock’s fifty day simple moving average is $134.13 and its 200-day simple moving average is $132.00.

American Water Works (NYSE:AWK) last released its earnings results on Wednesday, July 29th. The utilities provider reported $1.61 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period in the prior year, the firm posted $1.48 earnings per share. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. Equities research analysts expect that American Water Works Company, Inc. will post 6.09 EPS for the current year.

American Water Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be issued a dividend of $0.895 per share. This represents a $3.58 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Tuesday, August 11th. American Water Works’s dividend payout ratio is presently 62.05%.

American Water Works Company 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.