Elevation Point Wealth Partners LLC Buys 7,798 Shares of American Water Works Company, Inc. $AWK

Elevation Point Wealth Partners LLC boosted its position in American Water Works Company, Inc. (NYSE:AWK) by 277.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,612 shares of the utilities provider’s stock after purchasing an additional 7,798 shares during the period. Elevation Point Wealth Partners LLC’s holdings in American Water Works were worth $1,444,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of AWK. Empowered Funds LLC raised its stake in shares of American Water Works by 11.5% in the first quarter. Empowered Funds LLC now owns 5,912 shares of the utilities provider’s stock valued at $872,000 after buying an additional 609 shares during the period. Woodline Partners LP lifted its position in shares of American Water Works by 40.7% during the 1st quarter. Woodline Partners LP now owns 16,466 shares of the utilities provider’s stock valued at $2,429,000 after buying an additional 4,762 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of American Water Works during the 2nd quarter worth $302,000. Cresset Asset Management LLC increased its holdings in American Water Works by 1.5% in the 2nd quarter. Cresset Asset Management LLC now owns 5,865 shares of the utilities provider’s stock worth $816,000 after acquiring an additional 85 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its holdings in American Water Works by 184.4% in the 2nd quarter. Gamco Investors INC. ET AL now owns 5,492 shares of the utilities provider’s stock worth $764,000 after acquiring an additional 3,561 shares during the last quarter. 86.58% of the stock is owned by institutional investors.

American Water Works Stock Performance

American Water Works stock opened at $136.56 on Monday. American Water Works Company, Inc. has a 1-year low of $120.57 and a 1-year high of $147.87. 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 firm has a market capitalization of $26.67 billion, a PE ratio of 24.21, a price-to-earnings-growth ratio of 2.97 and a beta of 0.61. The firm’s 50 day simple moving average is $127.02 and its 200 day simple moving average is $130.59.

American Water Works (NYSE:AWK) last released 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 business 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 business’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.05 EPS. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. As a group, analysts expect that American Water Works Company, Inc. will post 6.08 earnings per share for the current fiscal year.

American Water Works Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 12th were paid a $0.895 dividend. This is an increase from American Water Works’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $3.58 dividend on an annualized basis and a yield of 2.6%. American Water Works’s payout ratio is presently 63.48%.

Wall Street Analyst Weigh In

AWK has been the topic of a number of research reports. Truist Financial lowered their price objective on American Water Works from $137.00 to $130.00 and set a “hold” rating on the stock in a research note on Friday, May 29th. Wells Fargo & Company set a $131.00 target price on shares of American Water Works in a research report on Tuesday, April 21st. Bank of America reduced their target price on shares of American Water Works from $147.00 to $134.00 and set a “neutral” rating for the company in a research note on Thursday, May 21st. Wall Street Zen raised shares of American Water Works from a “strong sell” rating to a “sell” rating in a research report on Sunday, April 26th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of American Water Works in a research note on Wednesday, June 24th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, American Water Works presently has an average rating of “Hold” and a consensus target price of $139.22.

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.