Ilmarinen Mutual Pension Insurance Co Invests $4.05 Million in American Water Works Company, Inc. $AWK

Ilmarinen Mutual Pension Insurance Co purchased a new position in shares of American Water Works Company, Inc. (NYSE:AWK) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 31,000 shares of the utilities provider’s stock, valued at approximately $4,046,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in AWK. Salomon & Ludwin LLC grew its stake in shares of American Water Works by 71.7% in the fourth quarter. Salomon & Ludwin LLC now owns 194 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 81 shares during the last quarter. Cloud Capital Management LLC bought a new stake in shares of American Water Works in the third quarter worth $29,000. Midwest Capital Advisors LLC bought a new stake in shares of American Water Works in the fourth quarter worth $39,000. Atlantic Union Bankshares Corp grew its stake in shares of American Water Works by 803.1% in the third quarter. Atlantic Union Bankshares Corp now owns 289 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 257 shares during the last quarter. Finally, Elevation Wealth Partners LLC bought a new stake in shares of American Water Works in the fourth quarter worth $40,000. 86.58% of the stock is currently owned by institutional investors.

American Water Works Stock Performance

Shares of AWK opened at $123.29 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.37 and a quick ratio of 0.34. The stock has a 50-day moving average of $130.96 and a 200-day moving average of $131.08. The company has a market cap of $24.08 billion, a PE ratio of 21.86, a P/E/G ratio of 2.65 and a beta of 0.64. American Water Works Company, Inc. has a one year low of $121.28 and a one year high of $147.87.

American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, April 29th. The utilities provider reported $1.01 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.09). American Water Works had a net margin of 21.17% and a return on equity of 10.20%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the business earned $1.05 earnings per share. The business’s quarterly revenue was up 5.7% 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 predict that American Water Works Company, Inc. will post 6.09 EPS for the current fiscal year.

American Water Works Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Tuesday, May 12th will be issued a $0.895 dividend. The ex-dividend date is Tuesday, May 12th. This represents a $3.58 dividend on an annualized basis and a dividend yield of 2.9%. This is an increase from American Water Works’s previous quarterly dividend of $0.83. American Water Works’s dividend payout ratio (DPR) is 63.48%.

Analyst Upgrades and Downgrades

AWK has been the topic of several analyst reports. Wells Fargo & Company set a $131.00 price objective on shares of American Water Works in a research note on Tuesday, April 21st. Barclays upped their target price on American Water Works from $122.00 to $124.00 and gave the company an “underweight” rating in a report on Monday, April 20th. UBS Group upgraded American Water Works from a “neutral” rating to a “buy” rating and upped their target price for the company from $137.00 to $140.00 in a report on Friday. Bank of America reduced their target price on American Water Works from $147.00 to $134.00 and set a “neutral” rating on the stock in a report on Thursday, May 21st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Water Works in a research report on Friday, March 27th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $138.11.

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.