7,000 Shares in American Water Works Company, Inc. $AWK Bought by Catalyst Funds Management Pty Ltd

Catalyst Funds Management Pty Ltd purchased a new position in shares of American Water Works Company, Inc. (NYSE:AWK) during the 4th quarter, Holdings Channel.com reports. The firm purchased 7,000 shares of the utilities provider’s stock, valued at approximately $914,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AWK. Salomon & Ludwin LLC raised its stake in American Water Works by 71.7% during the 4th quarter. Salomon & Ludwin LLC now owns 194 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 81 shares in the last quarter. Cloud Capital Management LLC acquired a new stake in American Water Works during the 3rd quarter worth $29,000. Westfuller Advisors LLC acquired a new stake in American Water Works during the 3rd quarter worth $33,000. Midwest Capital Advisors LLC acquired a new stake in American Water Works during the 4th quarter worth $39,000. Finally, Atlantic Union Bankshares Corp raised its stake in American Water Works by 803.1% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 289 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 257 shares in the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on AWK shares. Bank of America cut their price target on shares of American Water Works from $147.00 to $134.00 and set a “neutral” rating on the stock in a research note on Thursday. Wall Street Zen raised shares of American Water Works from a “strong sell” rating to a “sell” rating in a research report on Sunday, April 26th. Truist Financial began coverage on shares of American Water Works in a research report on Tuesday, April 21st. They set a “hold” rating and a $137.00 price objective on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of American Water Works in a research report on Friday, March 27th. Finally, Barclays raised their price objective on shares of American Water Works from $122.00 to $124.00 and gave the stock an “underweight” rating in a research report on Monday, April 20th. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, American Water Works presently has an average rating of “Hold” and an average target price of $138.56.

American Water Works Trading Up 1.2%

Shares of American Water Works stock opened at $125.31 on Friday. American Water Works Company, Inc. has a 1 year low of $121.28 and a 1 year high of $147.87. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.34 and a current ratio of 0.37. The company has a market capitalization of $24.47 billion, a P/E ratio of 22.22, a PEG ratio of 2.72 and a beta of 0.64. The company’s fifty day moving average is $132.44 and its two-hundred day moving average is $131.27.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.09). American Water Works had a return on equity of 10.20% and a net margin of 21.17%.The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the previous year, the business posted $1.05 earnings per share. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. Analysts forecast that American Water Works Company, Inc. will post 6.09 earnings per share for the current year.

American Water Works Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 12th will be issued a $0.895 dividend. The ex-dividend date of this dividend is Tuesday, May 12th. This is a positive change from American Water Works’s previous quarterly dividend of $0.83. This represents a $3.58 annualized dividend and a dividend yield of 2.9%. American Water Works’s payout ratio is presently 63.48%.

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.