Diversify Wealth Management LLC Makes New Investment in American Water Works Company, Inc. $AWK

Diversify Wealth Management LLC bought a new stake in American Water Works Company, Inc. (NYSE:AWK) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 4,418 shares of the utilities provider’s stock, valued at approximately $583,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. State Street Corp boosted its stake in shares of American Water Works by 4.2% in the 4th quarter. State Street Corp now owns 12,037,823 shares of the utilities provider’s stock valued at $1,570,936,000 after purchasing an additional 486,090 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of American Water Works by 3,274.6% during the fourth quarter. Wellington Management Group LLP now owns 7,092,757 shares of the utilities provider’s stock worth $925,605,000 after buying an additional 6,882,575 shares during the last quarter. GQG Partners LLC increased its holdings in shares of American Water Works by 64.2% during the fourth quarter. GQG Partners LLC now owns 6,493,161 shares of the utilities provider’s stock worth $847,361,000 after buying an additional 2,539,683 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of American Water Works by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 5,039,122 shares of the utilities provider’s stock valued at $655,025,000 after acquiring an additional 33,359 shares during the last quarter. Finally, Amundi boosted its holdings in shares of American Water Works by 7.1% during the 4th quarter. Amundi now owns 4,171,929 shares of the utilities provider’s stock valued at $544,420,000 after acquiring an additional 275,511 shares in the last quarter. Institutional investors own 86.58% of the company’s stock.

American Water Works Price Performance

AWK stock opened at $135.08 on Friday. The firm’s fifty day moving average is $127.56 and its 200 day moving average is $130.64. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.34 and a current ratio of 0.37. American Water Works Company, Inc. has a 52 week low of $120.57 and a 52 week high of $147.87. The firm has a market cap of $26.38 billion, a P/E ratio of 23.95, a P/E/G ratio of 2.92 and a beta of 0.61.

American Water Works (NYSE:AWK) last announced its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.09). The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.17 billion. American Water Works had a net margin of 21.17% and a return on equity of 10.20%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.05 EPS. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. Research analysts predict that American Water Works Company, Inc. will post 6.08 earnings per share for the current year.

American Water Works Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 12th were paid a dividend of $0.895 per share. The ex-dividend date of this dividend was Tuesday, May 12th. This is an increase from American Water Works’s previous quarterly dividend of $0.83. This represents a $3.58 annualized dividend and a yield of 2.7%. American Water Works’s payout ratio is presently 63.48%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AWK. Truist Financial reduced their target price on shares of American Water Works from $137.00 to $130.00 and set a “hold” rating on the stock in a report on Friday, May 29th. UBS Group raised their price target 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. JPMorgan Chase & Co. increased their price objective on shares of American Water Works from $138.00 to $147.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Wells Fargo & Company set a $131.00 price objective on American Water Works in a research note on Tuesday, April 21st. Finally, Barclays upped their target price on American Water Works from $124.00 to $130.00 and gave the company an “underweight” rating in a report on Wednesday. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $140.60.

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.