Coastal Bridge Advisors LLC Invests $617,000 in American Water Works Company, Inc. $AWK

Coastal Bridge Advisors LLC purchased a new stake in shares of American Water Works Company, Inc. (NYSE:AWK) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,690 shares of the utilities provider’s stock, valued at approximately $617,000.

A number of other large investors have also recently bought and sold shares of AWK. Reflection Asset Management bought a new stake in shares of American Water Works during the 4th quarter worth about $25,000. Transamerica Financial Advisors LLC raised its stake in shares of American Water Works by 82.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 199 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 90 shares in the last quarter. Nemes Rush Group LLC bought a new position in shares of American Water Works in the 4th quarter valued at approximately $27,000. Ascentis Independent Advisors bought a new position in shares of American Water Works in the 1st quarter valued at approximately $27,000. Finally, MV Capital Management Inc. acquired a new stake in American Water Works in the 4th quarter worth approximately $29,000. 86.58% of the stock is currently owned by institutional investors.

American Water Works Price Performance

Shares of NYSE:AWK opened at $138.19 on Friday. The company has a market cap of $27.46 billion, a price-to-earnings ratio of 23.95, a PEG ratio of 2.79 and a beta of 0.60. The business has a 50 day moving average price of $134.13 and a 200 day moving average price of $131.94. The company has a quick ratio of 0.49, a current ratio of 0.52 and a debt-to-equity ratio of 1.20. American Water Works Company, Inc. has a twelve month low of $120.57 and a twelve month high of $145.64.

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, topping the consensus estimate of $1.53 by $0.08. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. American Water Works had a return on equity of 10.20% and a net margin of 21.35%.The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.48 EPS. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. Research analysts predict that American Water Works Company, Inc. will post 6.09 earnings per share for the current year.

American Water Works Announces Dividend

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 paid a dividend of $0.895 per share. This represents a $3.58 annualized dividend and a yield of 2.6%. The ex-dividend date is Tuesday, August 11th. American Water Works’s dividend payout ratio is presently 62.05%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Bank of America reaffirmed a “neutral” rating on shares of American Water Works in a research report on Thursday, July 16th. JPMorgan Chase & Co. lifted their price target 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. Barclays boosted their price objective on shares of American Water Works from $124.00 to $130.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 15th. Wall Street Zen raised shares of American Water Works from a “strong sell” rating to a “sell” rating in a report on Monday, August 3rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of American Water Works in a research note on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has assigned 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.

About American Water Works

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.