Danske Bank A S Buys Shares of 221,660 American Water Works Company, Inc. $AWK

Danske Bank A S purchased a new position in shares of American Water Works Company, Inc. (NYSE:AWK) in the 2nd quarter, HoldingsChannel reports. The firm purchased 221,660 shares of the utilities provider’s stock, valued at approximately $29,166,000.

Other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc increased its position in shares of American Water Works by 6.6% during the second quarter. Versant Capital Management Inc now owns 1,199 shares of the utilities provider’s stock worth $158,000 after buying an additional 74 shares during the period. Salomon & Ludwin LLC boosted its position in American Water Works by 71.7% during the fourth quarter. Salomon & Ludwin LLC now owns 194 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 81 shares during the last quarter. Faithward Advisors LLC boosted its position in American Water Works by 5.4% during the third quarter. Faithward Advisors LLC now owns 1,602 shares of the utilities provider’s stock valued at $223,000 after acquiring an additional 82 shares during the last quarter. Cresset Asset Management LLC grew its holdings in 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 worth $816,000 after acquiring an additional 85 shares during the period. Finally, TD Waterhouse Canada Inc. grew its holdings in American Water Works by 1.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 5,121 shares of the utilities provider’s stock worth $668,000 after acquiring an additional 87 shares during the period. 86.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AWK. UBS Group boosted their price objective on American Water Works from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. JPMorgan Chase & Co. raised their target price on American Water Works from $138.00 to $147.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Truist Financial set a $139.00 target price on American Water Works in a report on Tuesday, August 4th. Barclays boosted their price target on American Water Works from $124.00 to $130.00 and gave the company an “underweight” rating in a research note on Wednesday, July 15th. Finally, Bank of America restated a “neutral” rating on shares of American Water Works in a report on Thursday, July 16th. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, American Water Works has an average rating of “Hold” and a consensus price target of $138.78.

American Water Works Trading Up 1.6%

NYSE AWK opened at $138.49 on Thursday. The company has a quick ratio of 0.49, a current ratio of 0.52 and a debt-to-equity ratio of 1.20. American Water Works Company, Inc. has a 52 week low of $120.57 and a 52 week high of $147.87. The business has a 50 day moving average price of $132.51 and a 200-day moving average price of $131.41. The company has a market cap of $27.52 billion, a price-to-earnings ratio of 24.00, a P/E/G ratio of 2.75 and a beta of 0.60.

American Water Works (NYSE:AWK) last issued its earnings results 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. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.33 billion. American Water Works had a return on equity of 10.20% and a net margin of 21.35%.American Water Works’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the business earned $1.48 EPS. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. As a group, 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be given 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 dividend yield of 2.6%. American Water Works’s payout ratio is presently 62.05%.

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.