Cullen Capital Management LLC Invests $562,000 in American Water Works Company, Inc. $AWK

Cullen Capital Management LLC acquired a new position in shares of American Water Works Company, Inc. (NYSE:AWK) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,268 shares of the utilities provider’s stock, valued at approximately $562,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AWK. BlackRock Inc. acquired a new stake in American Water Works in the second quarter worth $2,712,173,000. GQG Partners LLC bought a new position in shares of American Water Works during the second quarter worth $1,171,477,000. Wellington Management Group LLP grew its holdings in shares of American Water Works by 3,274.6% in 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 buying an additional 6,882,575 shares during the period. Norges Bank acquired a new position in shares of American Water Works in the 4th quarter valued at $337,004,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of American Water Works by 383.0% in the 3rd 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 buying an additional 2,058,656 shares in the last quarter. Institutional investors own 86.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Truist Financial set a $139.00 price objective on American Water Works in a research note on Tuesday, August 4th. Bank of America restated a “neutral” rating on shares of American Water Works in a report on Thursday, July 16th. JPMorgan Chase & Co. raised their price target on American Water Works from $138.00 to $147.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Barclays lifted their price objective on American Water Works from $124.00 to $130.00 and gave the company an “underweight” rating in a report on Wednesday, July 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of American Water Works in a report on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $138.78.

American Water Works Trading Down 1.7%

NYSE AWK opened at $137.58 on Wednesday. American Water Works Company, Inc. has a 12 month low of $120.57 and a 12 month 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 stock has a 50 day moving average of $133.40 and a 200-day moving average of $131.73. The company has a market cap of $27.34 billion, a PE ratio of 23.84, a PEG ratio of 2.85 and a beta of 0.60.

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 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 the consensus estimate of $1.33 billion. During the same period in the previous year, the company earned $1.48 earnings per share. The firm’s revenue for the quarter 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 research analysts anticipate that American Water Works Company, Inc. will post 6.09 EPS for the current fiscal year.

American Water Works Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors 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 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.