Ontario Teachers Pension Plan Board acquired a new position in American Water Works Company, Inc. (NYSE:AWK – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 707,069 shares of the utilities provider’s stock, valued at approximately $93,036,000. American Water Works makes up approximately 0.6% of Ontario Teachers Pension Plan Board’s holdings, making the stock its 25th largest position. Ontario Teachers Pension Plan Board owned approximately 0.36% of American Water Works as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently made changes to their positions in the business. Figure 8 Investment Strategies LLC bought a new position in shares of American Water Works in the 2nd quarter valued at about $893,000. Meeder Advisory Services Inc. bought a new stake in American Water Works during the second quarter worth approximately $956,000. Harborfront Financial Group LLC bought a new stake in American Water Works during the second quarter worth approximately $29,000. Citizens Financial Group Inc. RI bought a new stake in American Water Works during the second quarter worth approximately $736,000. Finally, Nuance Investments LLC purchased a new stake in American Water Works during the second quarter valued at approximately $4,733,000. 86.58% of the stock is currently owned by institutional investors.
American Water Works Trading Up 1.5%
Shares of NYSE AWK opened at $136.36 on Wednesday. American Water Works Company, Inc. has a twelve month low of $120.57 and a twelve month high of $147.87. The firm has a market cap of $27.10 billion, a PE ratio of 23.63, a price-to-earnings-growth ratio of 2.75 and a beta of 0.60. The business has a fifty day simple moving average of $132.27 and a two-hundred day simple moving average of $131.35. 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 Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be issued a dividend of $0.895 per share. This represents a $3.58 annualized dividend and a yield of 2.6%. The ex-dividend date is Tuesday, August 11th. American Water Works’s dividend payout ratio is presently 62.05%.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on AWK shares. Mizuho raised their price objective on American Water Works from $130.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. JPMorgan Chase & Co. boosted their target price on American Water Works from $138.00 to $147.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Wells Fargo & Company set a $131.00 price target on American Water Works in a report on Tuesday, April 21st. Barclays raised their price target on American Water Works from $124.00 to $130.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 15th. Finally, Bank of America reaffirmed a “neutral” rating on shares of American Water Works in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, American Water Works has a consensus rating of “Hold” and an average price target of $138.78.
View Our Latest Report on American Water Works
Key Headlines Impacting American Water Works
Here are the key news stories impacting American Water Works this week:
- Positive Sentiment: The Hart-Scott-Rodino waiting period for the proposed merger with Essential Utilities has expired, removing a significant U.S. antitrust review milestone. The transaction still requires other approvals and closing conditions, but the development reduces regulatory uncertainty and supports the path toward completion. American Water and Essential Utilities Announce Expiration of Hart-Scott-Rodino Waiting Period for Proposed Merger
- Neutral Sentiment: West Virginia American Water announced a $166,000 infrastructure upgrade in Fayetteville, while California American Water completed $675,000 of system improvements and a separate $1 million water-main upgrade in San Diego. The projects should improve reliability and may support the regulated utility’s long-term asset base, but their financial impact is modest relative to AWK’s overall scale. West Virginia American Water Announces $166,000 Infrastructure Project in Fayetteville California American Water Completes Infrastructure Upgrade in San Diego
- Neutral Sentiment: The American Water Charitable Foundation announced grants totaling $20,000 in California, $75,000 across New Jersey, $30,000-plus in Illinois, and $5,000 in Ventura County. The grants support workforce development, STEM education, United Way programs, and victim-support services, enhancing community relations but having limited direct effect on earnings. American Water Charitable Foundation Workforce Development Grant
- Negative Sentiment: Hawaii American Water reported that approximately 717,000 gallons of partially treated wastewater were temporarily discharged at Sandy Beach after storm-related power loss. The discharge stopped once generator power was restored, limiting the duration, but the event could create environmental, regulatory, or reputational risks. Heavy Rains Cause Temporary Discharge of Partially Treated Wastewater at Sandy Beach
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.
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