Ontario Teachers Pension Plan Board Acquires Shares of 707,069 American Water Works Company, Inc. $AWK

Ontario Teachers Pension Plan Board acquired a new position in American Water Works Company, Inc. (NYSE:AWKFree 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 (NYSE:AWKGet Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. American Water Works had a return on equity of 10.20% and a net margin of 21.35%.The business’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.48 EPS. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. Analysts expect that American Water Works Company, Inc. will post 6.09 earnings per share for the current fiscal year.

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:

About American Water Works

(Free Report)

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.

Read More

Want to see what other hedge funds are holding AWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Water Works Company, Inc. (NYSE:AWKFree Report).

Institutional Ownership by Quarter for American Water Works (NYSE:AWK)

Receive News & Ratings for American Water Works Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Water Works and related companies with MarketBeat.com's FREE daily email newsletter.