Ontario Teachers Pension Plan Board bought a new position in shares of American Water Works Company, Inc. (NYSE:AWK – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 707,069 shares of the utilities provider’s stock, valued at approximately $93,036,000. American Water Works accounts for 0.6% of Ontario Teachers Pension Plan Board’s holdings, making the stock its 25th largest position.
Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of American Water Works in the 2nd quarter valued at $2,712,173,000. Wellington Management Group LLP grew its stake in 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 purchasing an additional 6,882,575 shares during the last quarter. Norges Bank bought a new position in American Water Works in the fourth quarter worth about $337,004,000. GQG Partners LLC lifted its position 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 valued at $847,361,000 after buying an additional 2,539,683 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of American Water Works by 383.0% during 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 buying an additional 2,058,656 shares during the last quarter. Institutional investors own 86.58% of the company’s stock.
American Water Works Trading Up 1.5%
NYSE AWK opened at $136.36 on Wednesday. The company has a market capitalization of $27.10 billion, a PE ratio of 23.63, a P/E/G ratio of 2.75 and a beta of 0.60. The company has a fifty day moving average of $132.27 and a 200 day moving average of $131.35. American Water Works Company, Inc. has a 1 year low of $120.57 and a 1 year high of $147.87. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.52 and a quick ratio of 0.49.
American Water Works Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be issued a $0.895 dividend. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $3.58 dividend on an annualized basis and a yield of 2.6%. American Water Works’s payout ratio is presently 62.05%.
Wall Street Analysts Forecast Growth
AWK has been the topic of a number of analyst reports. 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 report on Friday, July 31st. JPMorgan Chase & Co. increased their target price on shares of American Water Works from $138.00 to $147.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. UBS Group raised their target price on shares of American Water Works from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Wells Fargo & Company set a $131.00 price target on shares of American Water Works in a report on Tuesday, April 21st. Finally, Bank of America reiterated a “neutral” rating on shares of American Water Works in a report on Thursday, July 16th. 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.com, the company currently has an average rating of “Hold” and a consensus target price of $138.78.
Get Our Latest Report on American Water Works
Key American Water Works News
Here are the key news stories impacting American Water Works this week:
- Positive Sentiment: The Hart-Scott-Rodino waiting period for the proposed merger with Essential Utilities has expired, removing a significant U.S. antitrust review milestone. The transaction still requires other approvals and closing conditions, but the development reduces regulatory uncertainty and supports the path toward completion. American Water and Essential Utilities Announce Expiration of Hart-Scott-Rodino Waiting Period for Proposed Merger
- Neutral Sentiment: West Virginia American Water announced a $166,000 infrastructure upgrade in Fayetteville, while California American Water completed $675,000 of system improvements and a separate $1 million water-main upgrade in San Diego. The projects should improve reliability and may support the regulated utility’s long-term asset base, but their financial impact is modest relative to AWK’s overall scale. West Virginia American Water Announces $166,000 Infrastructure Project in Fayetteville California American Water Completes Infrastructure Upgrade in San Diego
- Neutral Sentiment: The American Water Charitable Foundation announced grants totaling $20,000 in California, $75,000 across New Jersey, $30,000-plus in Illinois, and $5,000 in Ventura County. The grants support workforce development, STEM education, United Way programs, and victim-support services, enhancing community relations but having limited direct effect on earnings. American Water Charitable Foundation Workforce Development Grant
- Negative Sentiment: Hawaii American Water reported that approximately 717,000 gallons of partially treated wastewater were temporarily discharged at Sandy Beach after storm-related power loss. The discharge stopped once generator power was restored, limiting the duration, but the event could create environmental, regulatory, or reputational risks. Heavy Rains Cause Temporary Discharge of Partially Treated Wastewater at Sandy Beach
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.
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