OneDigital Investment Advisors LLC Acquires Shares of 3,658 American Water Works Company, Inc. $AWK

OneDigital Investment Advisors LLC bought a new position in shares of American Water Works Company, Inc. (NYSE:AWK) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,658 shares of the utilities provider’s stock, valued at approximately $481,000.

Several other institutional investors and hedge funds also recently made changes to their positions in AWK. Wellington Management Group LLP lifted its stake in shares of American Water Works by 3,274.6% in the 4th quarter. Wellington Management Group LLP now owns 7,092,757 shares of the utilities provider’s stock valued at $925,605,000 after purchasing an additional 6,882,575 shares during the period. Norges Bank acquired a new stake in shares of American Water Works during the fourth quarter worth $337,004,000. GQG Partners LLC grew its stake in shares of American Water Works by 64.2% during the fourth quarter. GQG Partners LLC now owns 6,493,161 shares of the utilities provider’s stock worth $847,361,000 after purchasing an additional 2,539,683 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in American Water Works by 383.0% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,596,125 shares of the utilities provider’s stock valued at $361,355,000 after purchasing an additional 2,058,656 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in American Water Works in the second quarter valued at about $137,745,000. Institutional investors own 86.58% of the company’s stock.

American Water Works Price Performance

Shares of AWK stock opened at $138.49 on Thursday. The company has a quick ratio of 0.49, a current ratio of 0.52 and a debt-to-equity ratio of 1.20. American Water Works Company, Inc. has a 12-month low of $120.57 and a 12-month high of $147.87. The firm has a fifty day moving average of $132.51 and a 200-day moving average of $131.41. The firm 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.

American Water Works (NYSE:AWK) last posted its earnings results 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 return on equity of 10.20% and a net margin of 21.35%.The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the company posted $1.48 earnings per share. The company’s revenue for the quarter 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 research analysts forecast that American Water Works Company, Inc. will post 6.09 earnings per share for the current year.

American Water Works Dividend Announcement

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

Wall Street Analyst Weigh In

AWK has been the topic of several analyst reports. Truist Financial set a $139.00 target price on American Water Works in a research note on Tuesday, August 4th. Bank of America restated a “neutral” rating on shares of American Water Works in a research report on Thursday, July 16th. Barclays upped their price target 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. Wall Street Zen upgraded shares of American Water Works from a “strong sell” rating to a “sell” rating in a research report on Monday, August 3rd. Finally, Mizuho lifted their price objective 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $138.78.

About American Water Works

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.