American Water Works (NYSE:AWK) Upgraded at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of American Water Works (NYSE:AWK – Free Report) from a strong sell rating to a sell rating in a research note issued to investors on Saturday morning.

AWK has been the topic of a number of other reports. Wells Fargo & Company set a $131.00 price objective on shares of American Water Works in a research note on Tuesday, April 21st. Bank of America restated a “neutral” rating on shares of American Water Works in a research report on Thursday. Truist Financial decreased their target price on American Water Works from $137.00 to $130.00 and set a “hold” rating on the stock in a research report on Friday, May 29th. UBS Group increased their target price on shares of American Water Works from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Water Works in a report on Wednesday, June 24th. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, American Water Works has a consensus rating of “Hold” and an average target price of $140.60.

View Our Latest Stock Analysis on American Water Works

American Water Works Trading Down 1.0%

Shares of AWK stock opened at $133.81 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 stock has a market cap of $26.13 billion, a P/E ratio of 23.73, a price-to-earnings-growth ratio of 2.73 and a beta of 0.61. The stock has a 50 day simple moving average of $127.72 and a 200 day simple moving average of $130.66. American Water Works has a 1 year low of $120.57 and a 1 year high of $147.87.

American Water Works (NYSE:AWK – Get Free Report) last released its earnings results on Wednesday, April 29th. The utilities provider reported $1.01 earnings per share (EPS) 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 company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the company posted $1.05 earnings per share. The business’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. On average, research analysts predict that American Water Works will post 6.09 earnings per share for the current fiscal year.

American Water Works Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders 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 dividend yield of 2.7%. American Water Works’s payout ratio is 63.48%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC lifted its holdings in 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 grew its holdings in American Water Works by 40.7% during the 1st quarter. Woodline Partners LP now owns 16,466 shares of the utilities provider’s stock worth $2,429,000 after acquiring an additional 4,762 shares during the period. Sivia Capital Partners LLC acquired a new stake in American Water Works during the 2nd quarter worth about $302,000. Cresset Asset Management LLC raised its position in shares of 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 in the last quarter. Finally, Gamco Investors INC. ET AL raised its position in shares of 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 in the last quarter. Institutional investors own 86.58% of the company’s stock.

American Water Works Company Profile

(Get Free Report)

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.

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