Janney Montgomery Scott LLC Has $14.26 Million Stake in American Water Works Company, Inc. $AWK

Janney Montgomery Scott LLC lifted its position in American Water Works Company, Inc. (NYSE:AWK) by 22.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 104,743 shares of the utilities provider’s stock after buying an additional 19,043 shares during the quarter. Janney Montgomery Scott LLC’s holdings in American Water Works were worth $14,255,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Reflection Asset Management bought a new position in American Water Works during the fourth quarter valued at approximately $25,000. Salomon & Ludwin LLC grew its position in 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 acquiring an additional 81 shares in the last quarter. Transamerica Financial Advisors LLC grew its position in 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 in the last quarter. Nemes Rush Group LLC acquired a new position in shares of American Water Works during the 4th quarter worth $27,000. Finally, MV Capital Management Inc. acquired a new position in shares of American Water Works during the 4th quarter worth $29,000. Institutional investors and hedge funds own 86.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Water Works in a research note on Wednesday, June 24th. Truist Financial lowered their target price on shares of American Water Works from $137.00 to $130.00 and set a “hold” rating on the stock in a research report on Friday, May 29th. Wells Fargo & Company set a $131.00 target price on American Water Works in a report on Tuesday, April 21st. Barclays boosted their price target on American Water Works from $122.00 to $124.00 and gave the stock an “underweight” rating in a research report on Monday, April 20th. Finally, Bank of America decreased their price target on American Water Works from $147.00 to $134.00 and set a “neutral” rating for the company in a research note on Thursday, May 21st. Two research 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, the company presently has a consensus rating of “Hold” and an average target price of $138.11.

American Water Works Price Performance

Shares of American Water Works stock opened at $131.75 on Thursday. The company has a current ratio of 0.37, a quick ratio of 0.34 and a debt-to-equity ratio of 1.16. The firm has a fifty day simple moving average of $126.82 and a 200-day simple moving average of $130.53. The stock has a market capitalization of $25.73 billion, a price-to-earnings ratio of 23.36, a PEG ratio of 2.86 and a beta of 0.61. American Water Works Company, Inc. has a 1-year low of $120.57 and a 1-year high of $147.87.

American Water Works (NYSE:AWK) last posted its earnings results on Wednesday, April 29th. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.09). The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates 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 quarter in the previous year, the business posted $1.05 earnings per share. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. On average, sell-side analysts expect that American Water Works Company, Inc. will post 6.08 earnings per share for the current year.

American Water Works Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 12th were paid a $0.895 dividend. The ex-dividend date was Tuesday, May 12th. This is a boost 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 is presently 63.48%.

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.