American Water Works Company, Inc. $AWK Holdings Boosted by Provident Investment Management Inc.

Provident Investment Management Inc. raised its stake in American Water Works Company, Inc. (NYSE:AWK) by 3,119.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 145,066 shares of the utilities provider’s stock after purchasing an additional 140,560 shares during the period. American Water Works makes up approximately 1.9% of Provident Investment Management Inc.’s holdings, making the stock its 22nd biggest position. Provident Investment Management Inc. owned 0.07% of American Water Works worth $18,782,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of AWK. Valley National Advisers Inc. increased its holdings in shares of American Water Works by 91.9% during the 3rd quarter. Valley National Advisers Inc. now owns 873 shares of the utilities provider’s stock worth $113,000 after purchasing an additional 418 shares during the period. Norris Perne & French LLP MI bought a new stake in shares of American Water Works in the third quarter valued at about $27,170,000. Signaturefd LLC lifted its stake in shares of American Water Works by 52.7% in the third quarter. Signaturefd LLC now owns 9,456 shares of the utilities provider’s stock valued at $1,328,000 after buying an additional 3,264 shares during the period. Citizens Financial Group Inc. RI lifted its stake in shares of American Water Works by 55.2% in the third quarter. Citizens Financial Group Inc. RI now owns 8,686 shares of the utilities provider’s stock valued at $1,125,000 after buying an additional 3,090 shares during the period. Finally, Middleton & Co. Inc. MA lifted its stake in shares of American Water Works by 86.9% in the third quarter. Middleton & Co. Inc. MA now owns 93,443 shares of the utilities provider’s stock valued at $12,098,000 after buying an additional 43,453 shares during the period. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Trading Up 0.1%

Shares of American Water Works stock opened at $142.83 on Monday. The firm has a market capitalization of $28.38 billion, a PE ratio of 24.75, a price-to-earnings-growth ratio of 2.91 and a beta of 0.58. 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 company’s fifty day moving average price is $135.13 and its two-hundred day moving average price is $131.92. American Water Works Company, Inc. has a 52-week low of $120.57 and a 52-week high of $144.14.

American Water Works (NYSE:AWK) last announced its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. The business’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.48 EPS. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. On average, analysts expect that American Water Works Company, Inc. will post 6.08 EPS for the current year.

American Water Works Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th were paid a $0.8950 dividend. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $3.58 dividend on an annualized basis and a yield of 2.5%. American Water Works’s payout ratio is presently 62.05%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their target price 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. Mizuho upped their price target on American Water Works from $130.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Weiss Ratings raised American Water Works from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, October 2nd. Bank of America reiterated a “neutral” rating on shares of American Water Works in a research report on Thursday, July 16th. Finally, Truist Financial set a $139.00 price objective on American Water Works in a research report on Tuesday, August 4th. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $136.75.

About American Water Works

American Water Works Company, Inc is a public water and wastewater utility that provides essential services to residential, commercial, industrial and institutional customers. Through its regulated businesses, the company supplies drinking water, collects and treats wastewater, and manages related infrastructure, including treatment plants, pipelines, storage facilities and customer service systems.

Founded in 1886, American Water has grown into one of the largest water and wastewater service providers in the United States.