Kingsview Wealth Management LLC Buys New Position in American Water Works Company, Inc. $AWK

Kingsview Wealth Management LLC bought a new stake in shares of American Water Works Company, Inc. (NYSE:AWK) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 5,023 shares of the utilities provider’s stock, valued at approximately $661,000.

A number of other hedge funds have also made changes to their positions in the stock. Empowered Funds LLC boosted its stake in American Water Works by 11.5% during the 1st quarter. Empowered Funds LLC now owns 5,912 shares of the utilities provider’s stock valued at $872,000 after acquiring an additional 609 shares during the last quarter. Woodline Partners LP increased its position in shares of American Water Works by 40.7% in the 1st quarter. Woodline Partners LP now owns 16,466 shares of the utilities provider’s stock worth $2,429,000 after purchasing an additional 4,762 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of American Water Works in the 2nd quarter worth about $302,000. Cresset Asset Management LLC raised its stake in shares of American Water Works by 1.5% in the 2nd quarter. Cresset Asset Management LLC now owns 5,865 shares of the utilities provider’s stock valued at $816,000 after purchasing an additional 85 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its stake in shares of American Water Works by 184.4% in the 2nd quarter. Gamco Investors INC. ET AL now owns 5,492 shares of the utilities provider’s stock valued at $764,000 after purchasing an additional 3,561 shares in the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

Wall Street Analysts Forecast Growth

AWK has been the topic of several research analyst reports. Bank of America reaffirmed a “neutral” rating on shares of American Water Works in a research report on Thursday, July 16th. JPMorgan Chase & Co. upped 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. Barclays increased their target price on American Water Works from $124.00 to $130.00 and gave the stock an “underweight” rating in a report on Wednesday, July 15th. UBS Group lifted their target price on American Water Works from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of American Water Works in a report on Wednesday, June 24th. One investment 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’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $138.78.

American Water Works Trading Down 0.1%

NYSE AWK opened at $138.19 on Monday. 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 Company, Inc. has a one year low of $120.57 and a one year high of $145.64. The company has a 50-day simple moving average of $134.13 and a 200-day simple moving average of $132.00. The firm has a market capitalization of $27.46 billion, a PE ratio of 23.95, a price-to-earnings-growth ratio of 2.82 and a beta of 0.60.

American Water Works (NYSE:AWK) last released its quarterly earnings data 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 net margin of 21.35% and a return on equity of 10.20%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the business earned $1.48 earnings per share. American Water Works’s quarterly revenue was up 6.2% on a year-over-year basis. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. On average, equities analysts forecast that American Water Works Company, Inc. will post 6.09 earnings per share for the current year.

American Water Works Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be given a dividend of $0.895 per share. This represents a $3.58 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Tuesday, August 11th. American Water Works’s dividend payout ratio is presently 62.05%.

About American Water Works

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.