Coastal Bridge Advisors LLC Purchases New Holdings in American Water Works Company, Inc. $AWK

Coastal Bridge Advisors LLC purchased a new stake in American Water Works Company, Inc. (NYSE:AWK) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 4,690 shares of the utilities provider’s stock, valued at approximately $617,000.

Other hedge funds also recently modified their holdings of the company. Reflection Asset Management bought a new stake in shares of American Water Works during the fourth quarter valued at approximately $25,000. Transamerica Financial Advisors LLC lifted its position in American Water Works by 82.6% in 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. Nemes Rush Group LLC acquired a new stake in American Water Works during the fourth quarter worth $27,000. Ascentis Independent Advisors acquired a new stake in American Water Works during the first quarter worth $27,000. Finally, MV Capital Management Inc. acquired a new stake in American Water Works during the fourth quarter worth $29,000. Institutional investors own 86.58% of the company’s stock.

Analyst Ratings Changes

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

American Water Works Stock Performance

American Water Works stock opened at $138.19 on Friday. The firm has a market capitalization of $27.46 billion, a P/E ratio of 23.95, a P/E/G ratio of 2.79 and a beta of 0.60. The stock has a fifty day moving average price of $134.13 and a two-hundred day moving average price of $131.94. American Water Works Company, Inc. has a 52-week low of $120.57 and a 52-week high of $145.64. 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 issued its earnings results on Wednesday, July 29th. The utilities provider reported $1.61 EPS for the quarter, beating 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 quarter in the previous year, the company earned $1.48 EPS. The firm’s revenue for the quarter 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. As a group, analysts anticipate that American Water Works Company, Inc. will post 6.09 EPS for the current fiscal year.

American Water Works Dividend Announcement

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

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.