Triangle Securities Wealth Management Purchases 4,255 Shares of American Water Works Company, Inc. $AWK

Triangle Securities Wealth Management purchased a new stake in shares of American Water Works Company, Inc. (NYSE:AWK) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,255 shares of the utilities provider’s stock, valued at approximately $551,000.

A number of other large investors also recently modified their holdings of the business. Reflection Asset Management acquired a new stake in American Water Works in the fourth quarter worth about $25,000. Ascentis Independent Advisors acquired a new position in American Water Works during the 1st quarter valued at about $27,000. MV Capital Management Inc. acquired a new position in American Water Works during the 4th quarter valued at about $29,000. Harborfront Financial Group LLC acquired a new position in American Water Works during the 2nd quarter valued at about $29,000. Finally, Global Assets Advisory LLC bought a new stake in shares of American Water Works during the 1st quarter worth about $33,000. 86.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on AWK shares. Truist Financial set a $139.00 price objective on shares of American Water Works in a report on Tuesday, August 4th. Bank of America reiterated a “neutral” rating on shares of American Water Works in a research note on Thursday, July 16th. Wall Street Zen raised American Water Works from a “strong sell” rating to a “sell” rating in a report on Monday, August 3rd. Mizuho boosted their target price on American Water Works from $130.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Finally, Barclays upped their target price on American Water Works from $124.00 to $130.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 15th. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $140.11.

American Water Works Trading Up 1.3%

Shares of AWK stock opened at $131.71 on Thursday. The stock has a 50-day simple moving average of $134.93 and a 200 day simple moving average of $131.95. American Water Works Company, Inc. has a fifty-two week low of $120.57 and a fifty-two week high of $145.64. The stock has a market capitalization of $26.18 billion, a P/E ratio of 22.83, a P/E/G ratio of 2.65 and a beta of 0.58. The company has a quick ratio of 0.49, a current ratio of 0.52 and a debt-to-equity ratio of 1.20.

American Water Works (NYSE:AWK) last released its earnings results on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the company earned $1.48 earnings per share. American Water Works’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. On average, sell-side analysts expect that American Water Works Company, Inc. will post 6.09 earnings per share for the current fiscal year.

American Water Works Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th were given a dividend of $0.8950 per share. The ex-dividend date was Tuesday, August 11th. This represents a $3.58 annualized dividend and a dividend yield of 2.7%. American Water Works’s dividend payout ratio (DPR) is 62.05%.

American Water Works Company Profile

American Water Works Company, Inc is a public water and wastewater utility that provides essential services to residential, commercial, industrial, and governmental customers in the United States. Through its regulated operations, the company collects, treats, distributes, and manages drinking water, as well as collects and treats wastewater.

The company also provides services through businesses that support utilities, municipalities, military installations, and other public-sector customers.