Aristotle Atlantic Partners LLC Boosts Stock Holdings in American Water Works Company, Inc. $AWK

Aristotle Atlantic Partners LLC raised its position in American Water Works Company, Inc. (NYSE:AWK) by 120.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 157,829 shares of the utilities provider’s stock after acquiring an additional 86,158 shares during the period. Aristotle Atlantic Partners LLC’s holdings in American Water Works were worth $21,479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Waverly Advisors LLC lifted its stake in shares of American Water Works by 0.3% during the 1st quarter. Waverly Advisors LLC now owns 101,800 shares of the utilities provider’s stock valued at $13,854,000 after buying an additional 334 shares in the last quarter. Cannell & Spears LLC purchased a new position in American Water Works in the 1st quarter valued at approximately $204,000. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in American Water Works by 59.0% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 12,264 shares of the utilities provider’s stock valued at $1,669,000 after acquiring an additional 4,551 shares during the period. Caxton Associates LLP raised its holdings in American Water Works by 150.5% during the 1st quarter. Caxton Associates LLP now owns 13,886 shares of the utilities provider’s stock valued at $1,890,000 after acquiring an additional 8,343 shares during the period. Finally, Gibbs Wealth Management bought a new stake in American Water Works during the 1st quarter valued at $564,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Stock Up 0.3%

Shares of NYSE AWK opened at $134.80 on Friday. The company has a current ratio of 0.37, a quick ratio of 0.34 and a debt-to-equity ratio of 1.16. The business has a 50-day moving average of $128.31 and a 200-day moving average of $130.75. The firm has a market capitalization of $26.32 billion, a price-to-earnings ratio of 23.90, a PEG ratio of 2.72 and a beta of 0.61. American Water Works Company, Inc. has a 12 month low of $120.57 and a 12 month high of $147.87.

American Water Works (NYSE:AWK) last announced its earnings results on Wednesday, April 29th. The utilities provider reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.09). The company had revenue of $1.21 billion during 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 revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.05 earnings per share. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. 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 Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 12th were given a $0.895 dividend. This represents a $3.58 annualized dividend and a yield of 2.7%. This is a boost from American Water Works’s previous quarterly dividend of $0.83. The ex-dividend date was Tuesday, May 12th. American Water Works’s dividend payout ratio (DPR) is presently 63.48%.

Wall Street Analysts Forecast Growth

AWK has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Water Works in a report on Wednesday, June 24th. Barclays boosted their price objective on American Water Works from $124.00 to $130.00 and gave the company an “underweight” rating in a research note on Wednesday, July 15th. UBS Group increased their price objective on American Water Works from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. JPMorgan Chase & Co. raised their target price on American Water Works from $138.00 to $147.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Finally, Truist Financial reduced their target price on American Water Works from $137.00 to $130.00 and set a “hold” rating for the company in a report on Friday, May 29th. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $140.60.

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.