Delta Global Management LP Acquires Shares of 17,976 American Water Works Company, Inc. $AWK

Delta Global Management LP bought a new position in shares of American Water Works Company, Inc. (NYSE:AWK) in the first quarter, Holdings Channel reports. The firm bought 17,976 shares of the utilities provider’s stock, valued at approximately $2,446,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Salomon & Ludwin LLC lifted its stake in shares of American Water Works by 71.7% in the 4th quarter. Salomon & Ludwin LLC now owns 194 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 81 shares during the period. Reflection Asset Management bought a new position in shares of American Water Works in the 4th quarter worth $25,000. Transamerica Financial Advisors LLC grew its stake in shares of American Water Works by 82.6% during the fourth quarter. Transamerica Financial Advisors LLC now owns 199 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 90 shares during the period. Nemes Rush Group LLC acquired a new stake in shares of American Water Works during the fourth quarter worth $27,000. Finally, Ascentis Independent Advisors bought a new stake in American Water Works in the first quarter valued at about $27,000. Institutional investors own 86.58% of the company’s stock.

Wall Street Analysts Forecast Growth

AWK has been the topic of several analyst reports. Barclays increased their target price on American Water Works from $124.00 to $130.00 and gave the company an “underweight” rating in a research note on Wednesday, July 15th. Wall Street Zen lowered American Water Works from a “sell” rating to a “strong sell” rating in a research report on Sunday. Wells Fargo & Company set a $131.00 price target on American Water Works in a research note on Tuesday, April 21st. UBS Group increased their price target on shares of American Water Works from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Finally, JPMorgan Chase & Co. lifted 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 note on Wednesday, July 8th. Two research analysts have 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 MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $140.60.

American Water Works Price Performance

NYSE AWK opened at $134.80 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 stock has a market cap of $26.32 billion, a price-to-earnings ratio of 23.90, a PEG ratio of 2.72 and a beta of 0.61. The business has a 50 day simple moving average of $128.31 and a 200 day simple moving average of $130.75. American Water Works Company, Inc. has a 52-week low of $120.57 and a 52-week high of $147.87.

American Water Works (NYSE:AWK) last announced its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.09). The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.17 billion. American Water Works had a net margin of 21.17% and a return on equity of 10.20%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.05 EPS. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. Analysts anticipate that American Water Works Company, Inc. will post 6.09 earnings per share 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. Investors of record on Tuesday, May 12th were issued a dividend of $0.895 per share. The ex-dividend date was Tuesday, May 12th. This is a positive change from American Water Works’s previous quarterly dividend of $0.83. This represents a $3.58 dividend on an annualized basis and a dividend yield of 2.7%. American Water Works’s dividend payout ratio (DPR) is 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.