NEOS Investment Management LLC Grows Stock Position in American Water Works Company, Inc. $AWK

NEOS Investment Management LLC raised its position in American Water Works Company, Inc. (NYSE:AWK) by 14.6% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 31,474 shares of the utilities provider’s stock after acquiring an additional 4,015 shares during the period. NEOS Investment Management LLC’s holdings in American Water Works were worth $4,141,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in AWK. Empowered Funds LLC increased its holdings in American Water Works by 11.5% in the 1st quarter. Empowered Funds LLC now owns 5,912 shares of the utilities provider’s stock worth $872,000 after acquiring an additional 609 shares during the last quarter. Woodline Partners LP boosted its position in American Water Works by 40.7% during the first quarter. Woodline Partners LP now owns 16,466 shares of the utilities provider’s stock worth $2,429,000 after purchasing an additional 4,762 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of American Water Works in the second quarter worth about $302,000. Cresset Asset Management LLC increased its stake in shares of American Water Works by 1.5% in the second quarter. Cresset Asset Management LLC now owns 5,865 shares of the utilities provider’s stock worth $816,000 after purchasing an additional 85 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its position in shares of American Water Works by 184.4% in the second quarter. Gamco Investors INC. ET AL now owns 5,492 shares of the utilities provider’s stock valued at $764,000 after purchasing an additional 3,561 shares during the period. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on AWK shares. JPMorgan Chase & Co. upped their price target on shares of American Water Works from $138.00 to $147.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of American Water Works in a research note on Wednesday, June 24th. Bank of America reissued a “neutral” rating on shares of American Water Works in a report on Thursday, July 16th. UBS Group increased their target price on American Water Works from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Finally, Barclays raised their price target on American Water Works from $124.00 to $130.00 and gave the stock an “underweight” rating in a report on Wednesday, July 15th. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $138.78.

American Water Works Trading Down 0.1%

Shares of American Water Works stock opened at $140.49 on Monday. The company’s 50-day moving average price is $135.18 and its 200-day moving average price is $132.37. The company has a current ratio of 0.52, a quick ratio of 0.49 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 $145.64. The company has a market cap of $27.92 billion, a price-to-earnings ratio of 24.35, a PEG ratio of 2.87 and a beta of 0.59.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.61 EPS for the quarter, beating the consensus estimate of $1.53 by $0.08. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.48 earnings per share. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. On average, equities analysts expect 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 was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th were given a dividend of $0.895 per share. This represents a $3.58 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Tuesday, August 11th. American Water Works’s payout ratio is 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.