Pallas Capital Advisors LLC Takes $566,000 Position in American Water Works Company, Inc. $AWK

Pallas Capital Advisors LLC bought a new position in shares of American Water Works Company, Inc. (NYSE:AWK) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,302 shares of the utilities provider’s stock, valued at approximately $566,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Salomon & Ludwin LLC boosted its stake in American Water Works by 71.7% during the 4th quarter. Salomon & Ludwin LLC now owns 194 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 81 shares during the last quarter. Reflection Asset Management bought a new stake in American Water Works during the 4th quarter worth approximately $25,000. Transamerica Financial Advisors LLC raised its stake in shares of 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 last quarter. Nemes Rush Group LLC purchased a new stake in shares of American Water Works in the fourth quarter worth approximately $27,000. Finally, Ascentis Independent Advisors bought a new position in shares of American Water Works in the first quarter valued at approximately $27,000. Institutional investors and hedge funds own 86.58% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. UBS Group upped their price target on American Water Works from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Wall Street Zen upgraded American Water Works from a “strong sell” rating to a “sell” rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. lifted their price objective 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. Truist Financial set a $139.00 target price on shares of American Water Works in a research note on Tuesday, August 4th. Finally, Mizuho increased their target price on shares of American Water Works from $130.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, July 31st. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $138.78.

American Water Works Price Performance

Shares of NYSE AWK opened at $138.49 on Thursday. The company has a market capitalization of $27.52 billion, a PE ratio of 24.00, a PEG ratio of 2.75 and a beta of 0.60. 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 stock’s 50 day moving average price is $132.51 and its 200-day moving average price is $131.41. American Water Works Company, Inc. has a twelve month low of $120.57 and a twelve month high of $147.87.

American Water Works (NYSE:AWK) last issued its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. The company had revenue of $1.35 billion during 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%.American Water Works’s revenue was up 6.2% on a year-over-year basis. During the same period last year, the business posted $1.48 earnings per share. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. On average, equities analysts anticipate that American Water Works Company, Inc. will post 6.09 EPS for the current year.

American Water Works Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be given a dividend of $0.895 per share. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $3.58 annualized dividend and a dividend yield of 2.6%. American Water Works’s dividend payout ratio (DPR) is currently 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.