Isthmus Partners LLC Buys New Stake in American Water Works Company, Inc. $AWK

Isthmus Partners LLC acquired a new stake in American Water Works Company, Inc. (NYSE:AWK) in the third quarter, Holdings Channel.com reports. The fund acquired 42,642 shares of the utilities provider’s stock, valued at approximately $5,521,000.

Several other institutional investors and hedge funds have also recently modified their holdings of AWK. Root Financial Partners LLC purchased a new stake in American Water Works during the third quarter worth about $131,000. E. Ohman J or Asset Management AB boosted its stake in shares of American Water Works by 74.7% in the third quarter. E. Ohman J or Asset Management AB now owns 10,743 shares of the utilities provider’s stock valued at $1,391,000 after purchasing an additional 4,592 shares during the period. Crossmark Global Holdings Inc. grew its holdings in shares of American Water Works by 27.9% in the third quarter. Crossmark Global Holdings Inc. now owns 16,550 shares of the utilities provider’s stock valued at $2,303,000 after purchasing an additional 3,613 shares in the last quarter. Albion Financial Group UT grew its holdings in shares of American Water Works by 5.7% in the third quarter. Albion Financial Group UT now owns 10,326 shares of the utilities provider’s stock valued at $1,354,000 after purchasing an additional 560 shares in the last quarter. Finally, Guardian Partners Inc. acquired a new position in shares of American Water Works in the third quarter valued at approximately $842,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on AWK. UBS Group cut their target price on shares of American Water Works from $162.00 to $153.00 and set a “buy” rating on the stock in a research note on Friday, October 16th. Truist Financial set a $139.00 price target on shares of American Water Works in a research note on Tuesday, August 4th. Weiss Ratings raised American Water Works from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, October 2nd. JPMorgan Chase & Co. increased their price objective on American Water Works from $138.00 to $147.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Finally, Barclays decreased their target price on American Water Works from $130.00 to $127.00 and set an “underweight” rating for the company in a report on Monday. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $136.75.

American Water Works Stock Up 6.3%

Shares of American Water Works stock opened at $143.21 on Friday. 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 52-week low of $120.57 and a 52-week high of $144.88. The company has a market capitalization of $28.46 billion, a P/E ratio of 23.23, a P/E/G ratio of 2.75 and a beta of 0.58. The company has a 50 day moving average of $135.00 and a 200 day moving average of $131.89.

American Water Works (NYSE:AWK) last announced its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. American Water Works had a net margin of 21.35% and a return on equity of 10.20%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the prior year, the firm posted $1.48 EPS. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. As a group, research analysts forecast that American Water Works Company, Inc. will post 6.08 EPS for the current fiscal year.

American Water Works Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th were paid a $0.8950 dividend. The ex-dividend date was Tuesday, August 11th. This represents a $3.58 dividend on an annualized basis and a yield of 2.5%. American Water Works’s dividend payout ratio (DPR) is currently 62.05%.

American Water Works Profile

American Water Works Company, Inc is a public water and wastewater utility that provides essential services to residential, commercial, industrial and institutional customers. Through its regulated businesses, the company supplies drinking water, collects and treats wastewater, and manages related infrastructure, including treatment plants, pipelines, storage facilities and customer service systems.

Founded in 1886, American Water has grown into one of the largest water and wastewater service providers in the United States.