Dearborn Partners LLC Acquires New Holdings in American Water Works Company, Inc. $AWK

Dearborn Partners LLC bought a new stake in American Water Works Company, Inc. (NYSE:AWK) during the second quarter, Holdings Channel.com reports. The firm bought 106,883 shares of the utilities provider’s stock, valued at approximately $14,064,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AWK. Reflection Asset Management bought a new position in shares of American Water Works in the 4th quarter valued at $25,000. Ascentis Independent Advisors bought a new stake in American Water Works during the 1st quarter worth $27,000. Transamerica Financial Advisors LLC increased its holdings in American Water Works by 82.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 199 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 90 shares in the last quarter. Nemes Rush Group LLC acquired a new position in American Water Works in the 4th quarter worth about $27,000. Finally, Harborfront Financial Group LLC bought a new position in American Water Works in the second quarter valued at about $29,000. Institutional investors own 86.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AWK. Mizuho lifted their price target on American Water Works from $130.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. JPMorgan Chase & Co. raised their price objective on shares of American Water Works from $138.00 to $147.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Truist Financial set a $139.00 target price on shares of American Water Works in a research report on Tuesday, August 4th. UBS Group boosted their target price on shares of American Water Works from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. 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 investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, American Water Works currently has an average rating of “Hold” and an average target price of $138.78.

American Water Works Trading Down 0.7%

Shares of AWK stock opened at $136.59 on Friday. American Water Works Company, Inc. has a 1-year low of $120.57 and a 1-year high of $145.64. The company has a current ratio of 0.52, a quick ratio of 0.49 and a debt-to-equity ratio of 1.20. The stock has a market cap of $27.15 billion, a price-to-earnings ratio of 23.67, a PEG ratio of 2.80 and a beta of 0.60. The stock has a 50-day moving average of $133.87 and a 200-day moving average of $131.90.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.61 EPS for the quarter, topping 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 analyst estimates of $1.33 billion. During the same period in the previous year, the firm earned $1.48 earnings per share. The firm’s quarterly revenue 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. On average, equities research analysts forecast that American Water Works Company, Inc. will post 6.09 earnings per share for the current year.

American Water Works Dividend Announcement

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

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.