Sumitomo Life Insurance Co. Makes New $570,000 Investment in American Water Works Company, Inc. $AWK

Sumitomo Life Insurance Co. purchased a new position in shares of American Water Works Company, Inc. (NYSE:AWK) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 4,331 shares of the utilities provider’s stock, valued at approximately $570,000.

A number of other institutional investors have also modified their holdings of AWK. Versant Capital Management Inc lifted its stake in American Water Works by 6.6% during the 2nd quarter. Versant Capital Management Inc now owns 1,199 shares of the utilities provider’s stock worth $158,000 after acquiring an additional 74 shares in the last quarter. Faithward Advisors LLC boosted its holdings in American Water Works by 5.4% during the 3rd 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 period. Cresset Asset Management LLC grew its position 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 acquiring an additional 85 shares in the last quarter. TD Waterhouse Canada Inc. grew its position in American Water Works by 1.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 5,121 shares of the utilities provider’s stock valued at $668,000 after acquiring an additional 87 shares in the last quarter. Finally, Transamerica Financial Advisors LLC increased its stake in American Water Works by 82.6% during the fourth quarter. Transamerica Financial Advisors LLC now owns 199 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 90 shares during the period. 86.58% of the stock is owned by institutional investors and hedge funds.

American Water Works Price Performance

AWK stock opened at $135.66 on Friday. The business has a 50 day moving average price of $132.95 and a 200 day moving average price of $131.50. The company has a quick ratio of 0.49, a current ratio of 0.52 and a debt-to-equity ratio of 1.20. The stock has a market cap of $26.96 billion, a price-to-earnings ratio of 23.51, a PEG ratio of 2.74 and a beta of 0.60. American Water Works Company, Inc. has a fifty-two week low of $120.57 and a fifty-two week high of $147.84.

American Water Works (NYSE:AWK) last announced its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same period in the previous year, the company earned $1.48 earnings per share. American Water Works’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. Equities research analysts anticipate that American Water Works Company, Inc. will post 6.09 earnings per share for the current fiscal year.

American Water Works Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be issued a $0.895 dividend. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $3.58 dividend on an annualized basis and a dividend yield of 2.6%. American Water Works’s payout ratio is presently 62.05%.

Analyst Upgrades and Downgrades

AWK has been the topic of several research reports. Bank of America reissued a “neutral” rating on shares of American Water Works in a research report on Thursday, July 16th. Barclays lifted their price objective on shares of American Water Works from $124.00 to $130.00 and gave the company an “underweight” rating in a report on Wednesday, July 15th. Mizuho upped their target price on shares of American Water Works from $130.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of American Water Works in a report on Wednesday, June 24th. Finally, JPMorgan Chase & Co. raised their price target on shares of American Water Works from $138.00 to $147.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, American Water Works presently has an average rating of “Hold” and an average target price 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.