Mediolanum International Funds Ltd Has $1.09 Million Stock Position in American Water Works Company, Inc. $AWK

Mediolanum International Funds Ltd boosted its holdings in American Water Works Company, Inc. (NYSE:AWK) by 812.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,837 shares of the utilities provider’s stock after purchasing an additional 6,978 shares during the quarter. Mediolanum International Funds Ltd’s holdings in American Water Works were worth $1,088,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Copeland Capital Management LLC increased its stake in American Water Works by 21.5% during the 1st quarter. Copeland Capital Management LLC now owns 8,761 shares of the utilities provider’s stock valued at $1,192,000 after purchasing an additional 1,553 shares in the last quarter. Assetmark Inc. lifted its stake in American Water Works by 6.8% during the 1st quarter. Assetmark Inc. now owns 2,993 shares of the utilities provider’s stock valued at $407,000 after acquiring an additional 191 shares in the last quarter. Goodman Financial Corp bought a new position in American Water Works during the 1st quarter valued at $14,686,000. Allspring Global Investments Holdings LLC boosted its holdings in American Water Works by 11.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,452,971 shares of the utilities provider’s stock worth $335,542,000 after acquiring an additional 249,504 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in American Water Works by 3.9% during the 1st quarter. D.A. Davidson & CO. now owns 19,580 shares of the utilities provider’s stock worth $2,665,000 after acquiring an additional 726 shares during the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on AWK shares. Truist Financial lowered their target price on shares of American Water Works from $137.00 to $130.00 and set a “hold” rating for the company in a report on Friday, May 29th. Bank of America restated a “neutral” rating on shares of American Water Works in a report on Thursday, July 16th. UBS Group increased their price objective on shares of American Water Works from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Barclays lifted 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 report on Wednesday, July 15th. Finally, Wells Fargo & Company set a $131.00 target price on American Water Works in a research note on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $140.60.

American Water Works Trading Down 1.7%

Shares of AWK stock opened at $131.43 on Wednesday. The company’s fifty day simple moving average is $127.80 and its two-hundred day simple moving average is $130.67. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.37 and a quick ratio of 0.34. American Water Works Company, Inc. has a 1 year low of $120.57 and a 1 year high of $147.87. The stock has a market capitalization of $25.67 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 2.70 and a beta of 0.61.

American Water Works (NYSE:AWK) last posted its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.09). The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.17 billion. American Water Works had a return on equity of 10.20% and a net margin of 21.17%.American Water Works’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.05 earnings per share. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. As a group, analysts anticipate that American Water Works Company, Inc. will post 6.09 earnings per share for the current year.

American Water Works Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 12th were issued a dividend of $0.895 per share. This represents a $3.58 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Tuesday, May 12th. This is a boost from American Water Works’s previous quarterly dividend of $0.83. American Water Works’s payout ratio is presently 63.48%.

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.