The Manufacturers Life Insurance Company Acquires New Holdings in American Water Works Company, Inc. $AWK

The Manufacturers Life Insurance Company bought a new position in American Water Works Company, Inc. (NYSE:AWK) in the 2nd quarter, HoldingsChannel reports. The fund bought 198,749 shares of the utilities provider’s stock, valued at approximately $26,151,000.

Several other large investors also recently made changes to their positions in AWK. BlackRock Inc. acquired a new position in shares of American Water Works during the second quarter worth approximately $2,712,173,000. GQG Partners LLC acquired a new stake in American Water Works in the 2nd quarter valued at approximately $1,171,477,000. Wellington Management Group LLP raised its stake in American Water Works by 3,274.6% during the 4th quarter. Wellington Management Group LLP now owns 7,092,757 shares of the utilities provider’s stock valued at $925,605,000 after acquiring an additional 6,882,575 shares in the last quarter. Norges Bank bought a new position in shares of American Water Works in the fourth quarter worth $337,004,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of American Water Works by 383.0% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,596,125 shares of the utilities provider’s stock valued at $361,355,000 after purchasing an additional 2,058,656 shares during the period. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Price Performance

Shares of NYSE:AWK opened at $136.59 on Friday. The firm has a market cap of $27.15 billion, a price-to-earnings ratio of 23.67, a P/E/G ratio of 2.80 and a beta of 0.60. American Water Works Company, Inc. has a 1 year low of $120.57 and a 1 year high of $145.64. The company has a current ratio of 0.52, a quick ratio of 0.49 and a debt-to-equity ratio of 1.20. The business has a fifty day simple moving average of $133.87 and a 200 day simple moving average of $131.90.

American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.08. American Water Works had a return on equity of 10.20% and a net margin of 21.35%.The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the prior year, the firm posted $1.48 EPS. The business’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. As a group, sell-side analysts predict that American Water Works Company, Inc. will post 6.09 earnings per share for the current fiscal year.

American Water Works Dividend Announcement

The firm 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. The ex-dividend date is Tuesday, August 11th. This represents a $3.58 dividend on an annualized basis and a yield of 2.6%. American Water Works’s payout ratio is 62.05%.

Analyst Ratings Changes

Several research firms have recently issued reports on AWK. Mizuho increased their price objective on shares of American Water Works from $130.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Barclays increased their price target 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. Weiss Ratings reiterated a “hold (c)” rating on shares of American Water Works in a report on Wednesday, June 24th. Wall Street Zen upgraded shares of American Water Works from a “strong sell” rating to a “sell” rating in a research report on Monday, August 3rd. Finally, UBS Group boosted their target price on shares of American Water Works from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $138.78.

American Water Works Company 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.