Flputnam Investment Management Co. Acquires Shares of 23,497 American Water Works Company, Inc. $AWK

Flputnam Investment Management Co. bought a new position in shares of American Water Works Company, Inc. (NYSE:AWK) in the second quarter, Holdings Channel.com reports. The firm bought 23,497 shares of the utilities provider’s stock, valued at approximately $3,092,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC raised its position in shares of American Water Works by 11.5% in the first quarter. Empowered Funds LLC now owns 5,912 shares of the utilities provider’s stock valued at $872,000 after purchasing an additional 609 shares during the period. Woodline Partners LP lifted its stake in shares of American Water Works by 40.7% during the 1st quarter. Woodline Partners LP now owns 16,466 shares of the utilities provider’s stock valued at $2,429,000 after buying an additional 4,762 shares in the last quarter. Sivia Capital Partners LLC bought a new position in American Water Works in the 2nd quarter worth approximately $302,000. Cresset Asset Management LLC boosted its holdings in American Water Works by 1.5% in the 2nd quarter. Cresset Asset Management LLC now owns 5,865 shares of the utilities provider’s stock worth $816,000 after buying an additional 85 shares during the period. Finally, Gamco Investors INC. ET AL grew its stake in American Water Works by 184.4% in the 2nd quarter. Gamco Investors INC. ET AL now owns 5,492 shares of the utilities provider’s stock valued at $764,000 after buying an additional 3,561 shares in the last quarter. Institutional investors own 86.58% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on AWK shares. Wells Fargo & Company set a $131.00 target price on shares of American Water Works in a report on Tuesday, April 21st. Mizuho raised their price target on American Water Works from $130.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. JPMorgan Chase & Co. lifted their price target 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. Barclays boosted their price objective on American Water Works from $124.00 to $130.00 and gave the company an “underweight” rating in a research note on Wednesday, July 15th. Finally, Bank of America reissued a “neutral” rating on shares of American Water Works in a report on Thursday, July 16th. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, American Water Works currently has an average rating of “Hold” and an average price target of $138.78.

American Water Works Stock Performance

NYSE AWK opened at $136.25 on Monday. American Water Works Company, Inc. has a 1 year low of $120.57 and a 1 year high of $147.87. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.52 and a quick ratio of 0.49. The stock has a market capitalization of $27.08 billion, a PE ratio of 23.61, a P/E/G ratio of 2.75 and a beta of 0.60. The company’s 50 day simple moving average is $131.81 and its two-hundred day simple moving average is $131.25.

American Water Works (NYSE:AWK) last announced its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.61 EPS for the quarter, beating the consensus estimate of $1.53 by $0.08. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. American Water Works had a net margin of 21.35% and a return on equity of 10.20%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the firm earned $1.48 EPS. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. Analysts predict 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 disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be paid 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 yield of 2.6%. American Water Works’s dividend payout ratio (DPR) is currently 62.05%.

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.