Lombard Odier Asset Management Europe Ltd Invests $4.76 Million in American Water Works Company, Inc. $AWK

Lombard Odier Asset Management Europe Ltd bought a new position in American Water Works Company, Inc. (NYSE:AWK) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 36,205 shares of the utilities provider’s stock, valued at approximately $4,764,000.

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

American Water Works Stock Up 1.1%

Shares of AWK opened at $138.19 on Friday. 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 business has a fifty day moving average of $134.13 and a 200 day moving average of $131.94. The company has a market cap of $27.46 billion, a PE ratio of 23.95, a P/E/G ratio of 2.79 and a beta of 0.60. American Water Works Company, Inc. has a 52-week low of $120.57 and a 52-week high of $145.64.

American Water Works (NYSE:AWK) last posted its quarterly earnings data 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 business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the previous year, the business posted $1.48 earnings per share. The business’s 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. On average, sell-side analysts expect that American Water Works Company, Inc. will post 6.09 EPS for the current year.

American Water Works Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors 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%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on AWK shares. Barclays increased their price objective on shares of American Water Works from $124.00 to $130.00 and gave the company an “underweight” rating in a research report on Wednesday, July 15th. Truist Financial set a $139.00 target price on shares of American Water Works in a report on Tuesday, August 4th. 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. UBS Group increased their price target on shares of American Water Works from $140.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Finally, Bank of America reissued a “neutral” rating on shares of American Water Works in a research note on Thursday, July 16th. 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 MarketBeat, American Water Works currently 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.