Pallas Capital Advisors LLC Buys Shares of 4,302 American Water Works Company, Inc. $AWK

Pallas Capital Advisors LLC bought a new stake in shares of American Water Works Company, Inc. (NYSE:AWK) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,302 shares of the utilities provider’s stock, valued at approximately $566,000.

Several other large investors also recently modified their holdings of AWK. Empowered Funds LLC grew its holdings in American Water Works by 11.5% during the first quarter. Empowered Funds LLC now owns 5,912 shares of the utilities provider’s stock valued at $872,000 after purchasing an additional 609 shares during the period. Woodline Partners LP raised its stake in shares of American Water Works by 40.7% in the first 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 period. Sivia Capital Partners LLC bought a new stake in shares of American Water Works in the second quarter valued at $302,000. Cresset Asset Management LLC lifted its position in shares of American Water Works by 1.5% during the 2nd quarter. Cresset Asset Management LLC now owns 5,865 shares of the utilities provider’s stock valued at $816,000 after buying an additional 85 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its position in shares of American Water Works by 184.4% during the 2nd quarter. Gamco Investors INC. ET AL now owns 5,492 shares of the utilities provider’s stock valued at $764,000 after buying an additional 3,561 shares during the last quarter. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Price Performance

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

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the firm posted $1.48 EPS. The firm’s revenue was up 6.2% compared to the same quarter last year. 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 fiscal year.

American Water Works Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be paid 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 yield of 2.6%. American Water Works’s payout ratio is 62.05%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of American Water Works in a report on Wednesday, June 24th. UBS Group lifted their target price on shares of American Water Works from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Barclays boosted their price target on shares of American Water Works from $124.00 to $130.00 and gave the company an “underweight” rating in a research report on Wednesday, July 15th. Bank of America reaffirmed a “neutral” rating on shares of American Water Works in a report on Thursday, July 16th. Finally, Mizuho boosted their price objective on shares of American Water Works from $130.00 to $140.00 and gave the company 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $138.78.

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.