162,907 Shares in American Water Works Company, Inc. $AWK Bought by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC purchased a new position in shares of American Water Works Company, Inc. (NYSE:AWK) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 162,907 shares of the utilities provider’s stock, valued at approximately $21,435,000. American Water Works makes up about 1.3% of Clear Harbor Asset Management LLC’s portfolio, making the stock its 18th biggest holding. Clear Harbor Asset Management LLC owned 0.08% of American Water Works at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Reflection Asset Management bought a new position in shares of American Water Works in the 4th quarter valued at about $25,000. Transamerica Financial Advisors LLC raised its holdings in shares of American Water Works by 82.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 199 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 90 shares during the period. Nemes Rush Group LLC bought a new stake in shares of American Water Works in the 4th quarter valued at about $27,000. Ascentis Independent Advisors acquired a new stake in American Water Works in the 1st quarter valued at about $27,000. Finally, MV Capital Management Inc. acquired a new stake in American Water Works in the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Stock Performance

AWK opened at $135.66 on Friday. 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 business has a fifty day simple moving average of $132.95 and a 200 day simple moving average of $131.50. American Water Works Company, Inc. has a 1 year low of $120.57 and a 1 year high of $147.84. The company has a market capitalization of $26.96 billion, a PE ratio of 23.51, a price-to-earnings-growth ratio of 2.74 and a beta of 0.60.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.08. American Water Works had a return on equity of 10.20% and a net margin of 21.35%.The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter last year, the business earned $1.48 EPS. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. Research analysts expect that American Water Works Company, Inc. will post 6.09 EPS for the current year.

American Water Works Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be given a dividend of $0.895 per share. This represents a $3.58 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, August 11th. American Water Works’s dividend payout ratio (DPR) is currently 62.05%.

Analyst Ratings Changes

A number of equities analysts have weighed in on AWK shares. Truist Financial set a $139.00 price target on American Water Works in a research report on Tuesday, August 4th. Barclays raised their price objective on American Water Works from $124.00 to $130.00 and gave the company an “underweight” rating in a research report on Wednesday, July 15th. Wall Street Zen upgraded American Water Works from a “strong sell” rating to a “sell” rating in a research note on Monday, August 3rd. Mizuho boosted their target price on American Water Works from $130.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of American Water Works in a report on Wednesday, June 24th. One 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $138.78.

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.