Elevation Point Wealth Partners LLC Takes $1.47 Million Position in American Water Works Company, Inc. $AWK

Elevation Point Wealth Partners LLC acquired a new stake in American Water Works Company, Inc. (NYSE:AWK) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,164 shares of the utilities provider’s stock, valued at approximately $1,469,000.

A number of other institutional investors also recently modified their holdings of the company. Daiichi Life Insurance Co. Ltd. acquired a new stake in American Water Works in the 2nd quarter valued at $862,000. Commerce Bank bought a new position in shares of American Water Works in the second quarter valued at $3,533,000. GQG Partners LLC acquired a new position in shares of American Water Works during the second quarter valued at about $1,171,477,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of American Water Works during the second quarter valued at about $876,000. Finally, Evolve Private Wealth LLC bought a new stake in shares of American Water Works during the second quarter worth about $403,000. 86.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on AWK shares. Barclays raised their price target on shares of American Water Works from $124.00 to $130.00 and gave the company an “underweight” rating in a research report on Wednesday, July 15th. UBS Group increased their price objective on American Water Works from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Bank of America restated a “neutral” rating on shares of American Water Works in a report on Thursday, July 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Water Works in a research report on Wednesday, June 24th. Finally, Truist Financial set a $139.00 price target on American Water Works in a report on Tuesday, August 4th. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $138.78.

American Water Works Price Performance

Shares of NYSE AWK opened at $135.66 on Monday. 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 fifty day simple moving average of $132.95 and a two-hundred day simple moving average of $131.54. American Water Works Company, Inc. has a 1-year low of $120.57 and a 1-year high of $147.84. The firm has a market cap of $26.96 billion, a price-to-earnings ratio of 23.51, a price-to-earnings-growth ratio of 2.76 and a beta of 0.60.

American Water Works (NYSE:AWK) last issued its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.33 billion. American Water Works had a return on equity of 10.20% and a net margin of 21.35%.The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.48 EPS. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. Analysts anticipate that American Water Works Company, Inc. will post 6.09 earnings per share for the current year.

American Water Works Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be paid a $0.895 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $3.58 annualized dividend and a dividend yield of 2.6%. American Water Works’s dividend payout ratio (DPR) is presently 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.