Sone Capital Management LLC Takes $4.80 Million Position in American Water Works Company, Inc. $AWK

Sone Capital Management LLC acquired a new stake in shares of American Water Works Company, Inc. (NYSE:AWK) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 36,448 shares of the utilities provider’s stock, valued at approximately $4,796,000.

A number of other hedge funds also recently bought and sold shares of AWK. BlackRock Inc. purchased a new stake in American Water Works in the second quarter worth approximately $2,712,173,000. GQG Partners LLC purchased a new position in shares of American Water Works during the second quarter worth approximately $1,171,477,000. Wellington Management Group LLP lifted its holdings in shares of American Water Works by 3,274.6% in the 4th quarter. Wellington Management Group LLP now owns 7,092,757 shares of the utilities provider’s stock worth $925,605,000 after acquiring an additional 6,882,575 shares during the last quarter. Norges Bank bought a new stake in shares of American Water Works in the 4th quarter worth approximately $337,004,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of American Water Works by 383.0% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,596,125 shares of the utilities provider’s stock valued at $361,355,000 after purchasing an additional 2,058,656 shares in the last quarter. Institutional investors own 86.58% of the company’s stock.

American Water Works Stock Performance

NYSE:AWK opened at $139.90 on Tuesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.49 and a current ratio of 0.52. American Water Works Company, Inc. has a fifty-two week low of $120.57 and a fifty-two week high of $146.29. The firm has a market cap of $27.80 billion, a PE ratio of 24.25, a price-to-earnings-growth ratio of 2.76 and a beta of 0.60. The business has a 50 day moving average price of $133.22 and a 200-day moving average price of $131.64.

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

American Water Works Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be paid a $0.895 dividend. 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 dividend payout ratio (DPR) is presently 62.05%.

Analyst Upgrades and Downgrades

Several research firms recently commented on AWK. Mizuho increased their target price on shares of 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 reissued a “hold (c)” rating on shares of American Water Works in a research note on Wednesday, June 24th. Wall Street Zen upgraded shares of American Water Works from a “strong sell” rating to a “sell” rating in a research report on Monday, August 3rd. JPMorgan Chase & Co. raised their price objective on American Water Works from $138.00 to $147.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Finally, UBS Group lifted their price objective on American Water Works from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. 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 company. According to data from MarketBeat.com, American Water Works presently has an average rating of “Hold” and a consensus price target of $138.78.

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.