Mediolanum International Funds Ltd Purchases 6,978 Shares of American Water Works Company, Inc. $AWK

Mediolanum International Funds Ltd grew its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 812.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,837 shares of the utilities provider’s stock after purchasing an additional 6,978 shares during the period. Mediolanum International Funds Ltd’s holdings in American Water Works were worth $1,088,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Empowered Funds LLC boosted its stake in American Water Works by 11.5% during the first quarter. Empowered Funds LLC now owns 5,912 shares of the utilities provider’s stock valued at $872,000 after buying an additional 609 shares during the period. Woodline Partners LP increased its stake in American Water Works by 40.7% in the 1st quarter. Woodline Partners LP now owns 16,466 shares of the utilities provider’s stock worth $2,429,000 after acquiring an additional 4,762 shares during the last quarter. Sivia Capital Partners LLC bought a new position in American Water Works in the 2nd quarter worth about $302,000. Cresset Asset Management LLC raised its holdings in shares of 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. Finally, Gamco Investors INC. ET AL raised its holdings in shares of 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 acquiring an additional 3,561 shares in the last quarter. Institutional investors own 86.58% of the company’s stock.

Wall Street Analysts Forecast Growth

AWK has been the subject of several recent analyst reports. Truist Financial cut their price objective on American Water Works from $137.00 to $130.00 and set a “hold” rating for the company in a report on Friday, May 29th. Wells Fargo & Company set a $131.00 target price on shares of American Water Works in a research note on Tuesday, April 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of American Water Works in a research report on Wednesday, June 24th. UBS Group boosted their price target on shares of American Water Works from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Finally, JPMorgan Chase & Co. increased their price target on shares of American Water Works from $138.00 to $147.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, American Water Works currently has a consensus rating of “Hold” and a consensus target price of $140.60.

American Water Works Price Performance

AWK opened at $131.43 on Wednesday. The company has a current ratio of 0.37, a quick ratio of 0.34 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $25.67 billion, a P/E ratio of 23.30, a PEG ratio of 2.70 and a beta of 0.61. The stock has a 50-day moving average price of $127.80 and a 200-day moving average price of $130.67. American Water Works Company, Inc. has a 12-month low of $120.57 and a 12-month high of $147.87.

American Water Works (NYSE:AWK) last announced its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.09). The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.17 billion. American Water Works had a net margin of 21.17% and a return on equity of 10.20%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.05 earnings per share. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. Equities analysts predict that American Water Works Company, Inc. will post 6.09 earnings per share for the current fiscal year.

American Water Works Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 12th were paid a $0.895 dividend. This is a positive change from American Water Works’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $3.58 dividend on an annualized basis and a dividend yield of 2.7%. American Water Works’s dividend payout ratio is currently 63.48%.

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.