Ally Financial Inc. Invests $1.57 Million in American Water Works Company, Inc. $AWK

Ally Financial Inc. acquired a new position in American Water Works Company, Inc. (NYSE:AWK) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 12,000 shares of the utilities provider’s stock, valued at approximately $1,566,000.

Other large investors have also recently made changes to their positions in the company. Empowered Funds LLC boosted its position in shares of American Water Works by 11.5% during the first quarter. Empowered Funds LLC now owns 5,912 shares of the utilities provider’s stock valued at $872,000 after purchasing an additional 609 shares in the last quarter. Woodline Partners LP boosted its position in shares of American Water Works by 40.7% during the first quarter. Woodline Partners LP now owns 16,466 shares of the utilities provider’s stock valued at $2,429,000 after purchasing an additional 4,762 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of American Water Works during the second quarter valued at approximately $302,000. Cresset Asset Management LLC boosted its position in shares of American Water Works by 1.5% during the second 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 boosted its position in shares of American Water Works by 184.4% during the second 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. 86.58% of the stock is currently owned by institutional investors.

American Water Works Stock Up 1.4%

AWK stock opened at $126.25 on Friday. American Water Works Company, Inc. has a 1-year low of $120.57 and a 1-year high of $147.87. The business has a fifty day moving average price of $128.50 and a 200-day moving average price of $130.65. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.37 and a quick ratio of 0.34. The stock has a market capitalization of $24.65 billion, a P/E ratio of 22.38, a P/E/G ratio of 2.74 and a beta of 0.62.

American Water Works (NYSE:AWK) last posted 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). American Water Works had a return on equity of 10.20% and a net margin of 21.17%.The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the prior year, the firm earned $1.05 EPS. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. Equities analysts forecast that American Water Works Company, Inc. will post 6.09 earnings per share for the current fiscal year.

American Water Works Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 12th were issued a $0.895 dividend. 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 dividend yield of 2.8%. American Water Works’s dividend payout ratio is presently 63.48%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AWK shares. Bank of America dropped their price target on American Water Works from $147.00 to $134.00 and set a “neutral” rating on the stock in a research report on Thursday, May 21st. Wall Street Zen upgraded American Water Works from a “strong sell” rating to a “sell” rating in a research note on Sunday, April 26th. Wells Fargo & Company set a $131.00 price objective on American Water Works in a research note on Tuesday, April 21st. UBS Group upgraded American Water Works from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $137.00 to $140.00 in a research note on Friday, May 29th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of American Water Works in a research note on Friday, March 27th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $138.11.

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.