Van ECK Associates Corp Has $11.72 Million Stock Holdings in American Water Works Company, Inc. $AWK

Van ECK Associates Corp boosted its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 9.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 89,112 shares of the utilities provider’s stock after purchasing an additional 7,990 shares during the quarter. Van ECK Associates Corp’s holdings in American Water Works were worth $11,725,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its position in shares of American Water Works by 11.5% in the first quarter. Empowered Funds LLC now owns 5,912 shares of the utilities provider’s stock valued at $872,000 after acquiring an additional 609 shares during the period. Woodline Partners LP raised its stake in American Water Works by 40.7% during the 1st quarter. Woodline Partners LP now owns 16,466 shares of the utilities provider’s stock valued at $2,429,000 after purchasing an additional 4,762 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in American Water Works during the 2nd quarter valued at $302,000. Cresset Asset Management LLC boosted its holdings in American Water Works by 1.5% in the 2nd quarter. Cresset Asset Management LLC now owns 5,865 shares of the utilities provider’s stock valued at $816,000 after purchasing an additional 85 shares during the period. Finally, Gamco Investors INC. ET AL boosted its holdings in American Water Works by 184.4% in the 2nd quarter. Gamco Investors INC. ET AL now owns 5,492 shares of the utilities provider’s stock valued at $764,000 after purchasing an additional 3,561 shares during the period. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Stock Up 0.1%

Shares of AWK stock opened at $138.50 on Tuesday. The stock has a market cap of $27.52 billion, a P/E ratio of 24.00, a price-to-earnings-growth ratio of 2.82 and a beta of 0.60. American Water Works Company, Inc. has a one year low of $120.57 and a one year high of $145.64. The stock has a fifty day moving average price of $134.40 and a 200 day moving average price of $132.10. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.52 and a quick ratio of 0.49.

American Water Works (NYSE:AWK) last posted its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.48 earnings per share. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. Analysts predict that American Water Works Company, Inc. will post 6.09 earnings per share for the current year.

American Water Works Announces Dividend

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. This represents a $3.58 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Tuesday, August 11th. American Water Works’s payout ratio is 62.05%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AWK. Mizuho raised their price target on shares of American Water Works from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Truist Financial set a $139.00 price objective on shares of American Water Works in a research report on Tuesday, August 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of American Water Works in a research note on Wednesday, June 24th. Bank of America reissued a “neutral” rating on shares of American Water Works in a research report on Thursday, July 16th. Finally, UBS Group boosted their price target 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. One equities research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price 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.