Triangle Securities Wealth Management Purchases 4,255 Shares of American Water Works Company, Inc. $AWK

Triangle Securities Wealth Management acquired a new stake in shares of American Water Works Company, Inc. (NYSE:AWK) in the third quarter, Holdings Channel.com reports. The fund acquired 4,255 shares of the utilities provider’s stock, valued at approximately $551,000.

A number of other institutional investors and hedge funds also recently modified their holdings of AWK. Mather Group LLC. raised its position in shares of American Water Works by 49.3% during the third quarter. Mather Group LLC. now owns 2,720 shares of the utilities provider’s stock worth $385,000 after purchasing an additional 898 shares during the period. Fortitude Family Office LLC lifted its holdings in shares of American Water Works by 109.0% during the third quarter. Fortitude Family Office LLC now owns 466 shares of the utilities provider’s stock valued at $66,000 after purchasing an additional 243 shares during the last quarter. Mitchell & Pahl Private Wealth LLC boosted its position in shares of American Water Works by 5.4% in the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 15,487 shares of the utilities provider’s stock valued at $2,005,000 after purchasing an additional 799 shares during the period. Lodestone Wealth Management LLC boosted its position in shares of American Water Works by 361.0% in the 3rd quarter. Lodestone Wealth Management LLC now owns 272 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 213 shares during the period. Finally, ABLE Financial Group LLC boosted its position in shares of American Water Works by 3.9% in the 3rd quarter. ABLE Financial Group LLC now owns 13,341 shares of the utilities provider’s stock valued at $1,727,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 86.58% of the company’s stock.

Analyst Upgrades and Downgrades

AWK has been the topic of a number of analyst reports. Wall Street Zen raised American Water Works from a “strong sell” rating to a “sell” rating in a research note on Monday, August 3rd. Barclays upped their price objective on shares of American Water Works from $124.00 to $130.00 and gave the company an “underweight” rating in a research note on Wednesday, July 15th. Truist Financial set a $139.00 price objective on shares of American Water Works in a research note on Tuesday, August 4th. JPMorgan Chase & Co. raised their target price on shares of American Water Works from $138.00 to $147.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Finally, Weiss Ratings upgraded shares of American Water Works from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, October 2nd. One 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 data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $140.11.

American Water Works Price Performance

Shares of NYSE:AWK opened at $131.71 on Thursday. The company’s fifty day moving average is $134.93 and its two-hundred day moving average is $131.95. 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 12-month low of $120.57 and a 12-month high of $145.64. The company has a market cap of $26.18 billion, a P/E ratio of 22.83, a price-to-earnings-growth ratio of 2.65 and a beta of 0.58.

American Water Works (NYSE:AWK) last released its earnings results on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates 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 quarter in the prior year, the company earned $1.48 earnings per share. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. Equities analysts expect that American Water Works Company, Inc. will post 6.09 earnings per share for the current fiscal year.

American Water Works Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th were given a dividend of $0.8950 per share. This represents a $3.58 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Tuesday, August 11th. American Water Works’s payout ratio is presently 62.05%.

About American Water Works

American Water Works Company, Inc is a public water and wastewater utility that provides essential services to residential, commercial, industrial, and governmental customers in the United States. Through its regulated operations, the company collects, treats, distributes, and manages drinking water, as well as collects and treats wastewater.

The company also provides services through businesses that support utilities, municipalities, military installations, and other public-sector customers.