Red Spruce Capital LLC Has $3.32 Million Holdings in American Water Works Company, Inc. $AWK

Red Spruce Capital LLC increased its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 25.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,244 shares of the utilities provider’s stock after buying an additional 5,114 shares during the period. Red Spruce Capital LLC’s holdings in American Water Works were worth $3,322,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of AWK. Empowered Funds LLC lifted its stake in shares of American Water Works by 11.5% in the 1st 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 period. Woodline Partners LP grew its stake 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 purchasing an additional 4,762 shares during the period. Sivia Capital Partners LLC bought a new stake in American Water Works in the second quarter worth approximately $302,000. Cresset Asset Management LLC lifted its stake in American Water Works by 1.5% in the second 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 lifted its stake in American Water Works by 184.4% in the second 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.

American Water Works Trading Up 0.4%

NYSE AWK opened at $134.65 on Friday. The company has a market cap of $26.76 billion, a price-to-earnings ratio of 23.34, a P/E/G ratio of 2.71 and a beta of 0.60. American Water Works Company, Inc. has a 52 week low of $120.57 and a 52 week high of $147.87. The business has a 50 day moving average price of $130.31 and a 200-day moving average price of $131.07. 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 (NYSE:AWK) last issued its earnings results on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share (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 analysts’ expectations of $1.33 billion. During the same period last year, the business earned $1.48 EPS. American Water Works’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. As a group, equities analysts expect that American Water Works Company, Inc. will post 6.09 earnings per share for the current fiscal year.

American Water Works Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be issued a dividend of $0.895 per share. The ex-dividend date is Tuesday, August 11th. This represents a $3.58 annualized dividend and a yield of 2.7%. American Water Works’s dividend payout ratio is presently 62.05%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Truist Financial set a $139.00 price objective on shares of American Water Works in a research report on Tuesday. UBS Group boosted their target price 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. Mizuho increased their target price on shares of American Water Works from $130.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. Weiss Ratings restated a “hold (c)” rating on shares of American Water Works in a report on Wednesday, June 24th. Finally, 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. Two investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $140.90.

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.