Mitsubishi UFJ Asset Management Co. Ltd. Acquires Shares of 483,546 American Water Works Company, Inc. $AWK

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of American Water Works Company, Inc. (NYSE:AWK) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 483,546 shares of the utilities provider’s stock, valued at approximately $63,625,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.24% of American Water Works at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Salomon & Ludwin LLC raised its stake in shares of American Water Works by 71.7% in the 4th quarter. Salomon & Ludwin LLC now owns 194 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 81 shares in the last quarter. Reflection Asset Management bought a new position in shares of American Water Works during the fourth quarter worth about $25,000. Transamerica Financial Advisors LLC grew its stake in American Water Works by 82.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 199 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 90 shares in the last quarter. Nemes Rush Group LLC acquired a new position in American Water Works in the fourth quarter worth about $27,000. Finally, Ascentis Independent Advisors acquired a new position in American Water Works in the first quarter worth about $27,000. Institutional investors own 86.58% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Barclays upped 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. Weiss Ratings reiterated a “hold (c)” rating on shares of American Water Works in a research report on Wednesday, June 24th. JPMorgan Chase & Co. boosted their price target on American Water Works from $138.00 to $147.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Wall Street Zen raised American Water Works from a “strong sell” rating to a “sell” rating in a research report on Monday, August 3rd. Finally, Mizuho upped their price target on American Water Works from $130.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, American Water Works presently has a consensus rating of “Hold” and an average target price of $138.78.

American Water Works Trading Up 1.6%

NYSE AWK opened at $138.49 on Thursday. American Water Works Company, Inc. has a one year low of $120.57 and a one year high of $147.87. The company has a 50-day simple moving average of $132.51 and a 200-day simple moving average of $131.41. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.49 and a current ratio of 0.52. The firm has a market capitalization of $27.52 billion, a PE ratio of 24.00, a price-to-earnings-growth ratio of 2.75 and a beta of 0.60.

American Water Works (NYSE:AWK) last released its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.08. American Water Works had a net margin of 21.35% and a return on equity of 10.20%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the business earned $1.48 earnings per share. American Water Works’s quarterly revenue was up 6.2% on a year-over-year basis. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. On average, equities analysts forecast that American Water Works Company, Inc. will post 6.09 earnings per share for the current year.

American Water Works Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be issued a dividend of $0.895 per share. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $3.58 annualized dividend and a dividend yield of 2.6%. American Water Works’s dividend payout ratio is 62.05%.

American Water Works 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.