Canada Pension Plan Investment Board Makes New $54.55 Million Investment in American Water Works Company, Inc. $AWK

Canada Pension Plan Investment Board acquired a new position in shares of American Water Works Company, Inc. (NYSE:AWK) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 414,586 shares of the utilities provider’s stock, valued at approximately $54,551,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Osterweis Capital Management Inc. bought a new stake in American Water Works during the second quarter worth about $32,786,000. Legal & General Group Plc bought a new stake in shares of American Water Works during the 2nd quarter worth approximately $443,787,000. The Manufacturers Life Insurance Company acquired a new stake in shares of American Water Works in the 2nd quarter valued at approximately $26,151,000. Jones Financial Companies Lllp acquired a new stake in shares of American Water Works in the 2nd quarter valued at approximately $400,000. Finally, Sone Capital Management LLC bought a new position in shares of American Water Works in the second quarter valued at $4,796,000. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Stock Down 0.7%

AWK opened at $136.59 on Friday. American Water Works Company, Inc. has a 1-year low of $120.57 and a 1-year high of $145.64. The stock’s fifty day simple moving average is $133.87 and its 200 day simple moving average is $131.90. The company has a current ratio of 0.52, a quick ratio of 0.49 and a debt-to-equity ratio of 1.20. The stock has a market cap of $27.15 billion, a PE ratio of 23.67, a price-to-earnings-growth ratio of 2.80 and a beta of 0.60.

American Water Works (NYSE:AWK) last announced its quarterly earnings results 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 return on equity of 10.20% and a net margin of 21.35%.The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter last year, the firm posted $1.48 EPS. The company’s quarterly 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. As a group, research analysts expect 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 announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be issued a dividend of $0.895 per share. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $3.58 annualized dividend and a dividend yield of 2.6%. American Water Works’s payout ratio is presently 62.05%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of American Water Works from a “strong sell” rating to a “sell” rating in a report on Monday, August 3rd. Bank of America reiterated a “neutral” rating on shares of American Water Works in a research note on Thursday, July 16th. JPMorgan Chase & Co. lifted 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 report on Wednesday, July 8th. UBS Group boosted their price objective on shares of American Water Works from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Finally, Barclays upped their target price 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. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $138.78.

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.