Shah Wealth Advisors LLC Makes New $715,000 Investment in American Water Works Company, Inc. $AWK

Shah Wealth Advisors LLC acquired a new position in shares of American Water Works Company, Inc. (NYSE:AWK) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 5,431 shares of the utilities provider’s stock, valued at approximately $715,000.

Several other institutional investors have also recently made changes to their positions in AWK. Maloon Powers Pitre Higgins & Dennehy LLC purchased a new stake in American Water Works during the second quarter worth $448,000. Strive Financial Group LLC increased its holdings in American Water Works by 9.0% in the second quarter. Strive Financial Group LLC now owns 1,984 shares of the utilities provider’s stock valued at $261,000 after buying an additional 164 shares in the last quarter. TD Waterhouse Canada Inc. raised its position in shares of American Water Works by 7.5% in the second quarter. TD Waterhouse Canada Inc. now owns 5,997 shares of the utilities provider’s stock worth $790,000 after acquiring an additional 416 shares during the period. NEOS Investment Management LLC raised its position in shares of American Water Works by 14.6% in the second quarter. NEOS Investment Management LLC now owns 31,474 shares of the utilities provider’s stock worth $4,141,000 after acquiring an additional 4,015 shares during the period. Finally, iSAM Funds UK Ltd purchased a new stake in shares of American Water Works during the 2nd quarter worth about $539,000. 86.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AWK has been the topic of a number of analyst reports. JPMorgan Chase & Co. raised their target price on American Water Works from $138.00 to $147.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Bank of America reaffirmed a “neutral” rating on shares of American Water Works in a report on Thursday, July 16th. UBS Group increased their price target on American Water Works from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Wall Street Zen raised American Water Works from a “strong sell” rating to a “sell” rating in a report on Monday, August 3rd. Finally, Truist Financial set a $139.00 price objective on American Water Works in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $138.78.

American Water Works Price Performance

NYSE:AWK opened at $140.49 on Friday. The stock has a 50 day moving average of $135.18 and a two-hundred day moving average of $132.38. American Water Works Company, Inc. has a 12 month low of $120.57 and a 12 month high of $145.64. The firm has a market cap of $27.92 billion, a P/E ratio of 24.35, a price-to-earnings-growth ratio of 2.87 and a beta of 0.59. The company has a current ratio of 0.52, a quick ratio of 0.49 and a debt-to-equity ratio of 1.20.

American Water Works (NYSE:AWK) last released its earnings results on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share 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 for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter last year, the business posted $1.48 earnings per share. The business’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. On average, analysts expect that American Water Works Company, Inc. will post 6.09 earnings per share for the current fiscal year.

American Water Works Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th were paid a $0.895 dividend. This represents a $3.58 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Tuesday, August 11th. American Water Works’s dividend payout ratio (DPR) is currently 62.05%.

American Water Works 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.