Kentucky Farm Bureau Mutual Insurance Co Acquires Shares of 12,000 American Water Works Company, Inc. $AWK

Kentucky Farm Bureau Mutual Insurance Co bought a new position in American Water Works Company, Inc. (NYSE:AWK) during the second quarter, Holdings Channel.com reports. The fund bought 12,000 shares of the utilities provider’s stock, valued at approximately $1,579,000.

A number of other institutional investors have also modified their holdings of AWK. Danske Bank A S bought a new stake in shares of American Water Works during the second quarter valued at approximately $29,166,000. Diversify Advisory Services LLC bought a new position in American Water Works in the second quarter worth approximately $425,000. Wealthfront Advisers LLC bought a new position in American Water Works in the second quarter worth approximately $11,899,000. Ontario Teachers Pension Plan Board bought a new position in American Water Works in the second quarter worth approximately $93,036,000. Finally, Figure 8 Investment Strategies LLC purchased a new position in American Water Works during the 2nd quarter worth $893,000. 86.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AWK. Barclays lifted their target price on American Water Works from $124.00 to $130.00 and gave the company an “underweight” rating in a research report on Wednesday, July 15th. Wall Street Zen upgraded American Water Works from a “strong sell” rating to a “sell” rating in a research note on Monday, August 3rd. Truist Financial set a $139.00 price objective on shares of American Water Works in a research note on Tuesday, August 4th. Mizuho increased their target price on shares of American Water Works from $130.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Finally, JPMorgan Chase & Co. boosted their price target on shares of American Water Works from $138.00 to $147.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. One research analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $138.78.

American Water Works Stock Performance

Shares of American Water Works stock opened at $138.49 on Thursday. The company has a market capitalization of $27.52 billion, a PE ratio of 24.00, a P/E/G ratio of 2.75 and a beta of 0.60. The company has a 50-day simple moving average of $132.51 and a two-hundred day simple moving average of $131.41. American Water Works Company, Inc. has a one year low of $120.57 and a one year high of $147.87. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.49 and a current ratio of 0.52.

American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share 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 business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period last year, the business earned $1.48 EPS. The company’s 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. Research analysts expect that American Water Works Company, Inc. will post 6.09 EPS for the current fiscal year.

American Water Works Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be paid a $0.895 dividend. 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 (DPR) is 62.05%.

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.