4,331 Shares in American Water Works Company, Inc. $AWK Acquired by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. acquired a new stake in American Water Works Company, Inc. (NYSE:AWK) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,331 shares of the utilities provider’s stock, valued at approximately $570,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Korea Investment CORP acquired a new stake in American Water Works during the 2nd quarter worth $1,395,000. EP Wealth Advisors LLC acquired a new stake in shares of American Water Works in the second quarter valued at about $296,000. Pinnacle West Asset Management Inc. acquired a new stake in shares of American Water Works in the second quarter valued at about $229,000. Callan Family Office LLC purchased a new position in shares of American Water Works in the second quarter worth about $688,000. Finally, Keebeck Wealth Management purchased a new position in shares of American Water Works in the second quarter worth about $329,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Stock Performance

Shares of American Water Works stock opened at $135.66 on Friday. The firm has a market cap of $26.96 billion, a PE ratio of 23.51, a price-to-earnings-growth ratio of 2.74 and a beta of 0.60. 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 Company, Inc. has a 52 week low of $120.57 and a 52 week high of $147.84. The business’s fifty day simple moving average is $132.95 and its 200-day simple moving average is $131.50.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.08. American Water Works had a net margin of 21.35% and a return on equity of 10.20%. The firm 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 EPS. American Water Works’s 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. Equities 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be given a dividend of $0.895 per share. 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 dividend payout ratio (DPR) is currently 62.05%.

Wall Street Analyst Weigh In

AWK has been the subject of several research reports. JPMorgan Chase & Co. upped their price objective on shares of American Water Works from $138.00 to $147.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Barclays raised their target price on shares of American Water Works from $124.00 to $130.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 15th. UBS Group boosted their target price on American Water Works from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Wall Street Zen upgraded American Water Works from a “strong sell” rating to a “sell” rating in a research report on Monday, August 3rd. Finally, Mizuho increased their price target on American Water Works from $130.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, July 31st. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, American Water Works presently has a consensus rating of “Hold” and an average target price of $138.78.

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.