Northcape Wealth Management LLC Invests $2.02 Million in American Water Works Company, Inc. $AWK

Northcape Wealth Management LLC acquired a new position in shares of American Water Works Company, Inc. (NYSE:AWK) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 15,327 shares of the utilities provider’s stock, valued at approximately $2,017,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in American Water Works during the second quarter worth $2,712,173,000. State Street Corp grew its stake in shares of American Water Works by 4.2% in the fourth quarter. State Street Corp now owns 12,037,823 shares of the utilities provider’s stock valued at $1,570,936,000 after buying an additional 486,090 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of American Water Works by 3,274.6% in the fourth quarter. Wellington Management Group LLP now owns 7,092,757 shares of the utilities provider’s stock valued at $925,605,000 after buying an additional 6,882,575 shares in the last quarter. GQG Partners LLC lifted its stake in American Water Works by 64.2% during the 4th quarter. GQG Partners LLC now owns 6,493,161 shares of the utilities provider’s stock worth $847,361,000 after acquiring an additional 2,539,683 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in American Water Works by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 5,039,122 shares of the utilities provider’s stock valued at $655,025,000 after acquiring an additional 33,359 shares in the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on AWK. Wall Street Zen raised American Water Works from a “strong sell” rating to a “sell” rating in a research note on Monday, August 3rd. Truist Financial set a $139.00 price target on American Water Works in a research report on Tuesday, August 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of American Water Works in a research note on Wednesday, June 24th. JPMorgan Chase & Co. boosted their price objective on American Water Works from $138.00 to $147.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Finally, Mizuho upped their target price on shares of American Water Works from $130.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, American Water Works currently has a consensus rating of “Hold” and a consensus price target of $138.78.

American Water Works Price Performance

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

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

American Water Works Dividend Announcement

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

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.