55,266 Shares in American Water Works Company, Inc. $AWK Bought by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. purchased a new stake in American Water Works Company, Inc. (NYSE:AWK) during the third quarter, according to its most recent filing with the SEC. The fund purchased 55,266 shares of the utilities provider’s stock, valued at approximately $7,692,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Werlinich Asset Management LLC grew its position in shares of American Water Works by 1.9% during the third quarter. Werlinich Asset Management LLC now owns 4,044 shares of the utilities provider’s stock valued at $563,000 after purchasing an additional 75 shares in the last quarter. Obermeyer Wealth Partners grew its holdings in shares of American Water Works by 3.4% in the second quarter. Obermeyer Wealth Partners now owns 2,280 shares of the utilities provider’s stock valued at $317,000 after purchasing an additional 76 shares in the last quarter. Birchcreek Wealth Management LLC increased its position in American Water Works by 5.4% during the second quarter. Birchcreek Wealth Management LLC now owns 1,558 shares of the utilities provider’s stock valued at $217,000 after acquiring an additional 80 shares during the last quarter. Cahaba Wealth Management Inc. grew its stake in American Water Works by 0.4% in the 3rd quarter. Cahaba Wealth Management Inc. now owns 21,251 shares of the utilities provider’s stock worth $2,958,000 after acquiring an additional 80 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC raised its holdings in shares of American Water Works by 2.7% in the second quarter. Safe Harbor Fiduciary LLC now owns 3,075 shares of the utilities provider’s stock valued at $428,000 after acquiring an additional 81 shares in the last quarter. Institutional investors own 86.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on AWK shares. TD Cowen began coverage on shares of American Water Works in a research note on Thursday, October 16th. They set a “hold” rating and a $155.00 price objective for the company. Bank of America raised American Water Works from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $117.00 to $139.00 in a research report on Monday, January 12th. Jefferies Financial Group upgraded American Water Works from an “underperform” rating to a “hold” rating and boosted their target price for the stock from $114.00 to $124.00 in a research note on Wednesday, November 5th. Wells Fargo & Company decreased their price target on American Water Works from $142.00 to $126.00 and set an “equal weight” rating for the company in a research note on Tuesday. Finally, UBS Group set a $149.00 price objective on shares of American Water Works in a research note on Wednesday, December 17th. One research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $139.60.

American Water Works Price Performance

Shares of NYSE AWK opened at $130.98 on Thursday. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.42 and a quick ratio of 0.39. American Water Works Company, Inc. has a 1-year low of $120.63 and a 1-year high of $155.50. The company has a market cap of $25.56 billion, a price-to-earnings ratio of 23.02, a price-to-earnings-growth ratio of 3.05 and a beta of 0.76. The stock’s 50-day moving average is $130.65 and its two-hundred day moving average is $136.58.

American Water Works (NYSE:AWK) last released its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.04. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.36 billion. American Water Works had a return on equity of 10.48% and a net margin of 21.93%.The business’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.80 EPS. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS and its FY 2026 guidance at 6.020-6.120 EPS. Analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 10th will be given a dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Tuesday, February 10th. American Water Works’s dividend payout ratio (DPR) is currently 58.17%.

American Water Works 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.