Royal London Asset Management Ltd. Has $32.12 Million Position in American Water Works Company, Inc. $AWK

Royal London Asset Management Ltd. reduced its holdings in American Water Works Company, Inc. (NYSE:AWK) by 1.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 244,106 shares of the utilities provider’s stock after selling 3,847 shares during the quarter. Royal London Asset Management Ltd.’s holdings in American Water Works were worth $32,119,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cbre Investment Management Listed Real Assets LLC boosted its position in shares of American Water Works by 82.7% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 21,430 shares of the utilities provider’s stock worth $2,797,000 after purchasing an additional 9,698 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in American Water Works during the first quarter worth about $1,347,000. Generali Asset Management SPA SGR grew its position in shares of American Water Works by 73.8% during the 4th quarter. Generali Asset Management SPA SGR now owns 25,338 shares of the utilities provider’s stock worth $3,307,000 after buying an additional 10,760 shares during the period. Capital Innovations LLC acquired a new position in shares of American Water Works during the 4th quarter worth about $4,700,000. Finally, Erste Asset Management GmbH grew its position in shares of American Water Works by 25.9% during the 4th quarter. Erste Asset Management GmbH now owns 69,893 shares of the utilities provider’s stock worth $9,142,000 after buying an additional 14,363 shares during the period. 86.58% of the stock is owned by institutional investors.

American Water Works Stock Performance

Shares of AWK stock opened at $138.19 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.49 and a current ratio of 0.52. American Water Works Company, Inc. has a 52 week low of $120.57 and a 52 week high of $145.64. The company’s 50 day moving average price is $134.13 and its two-hundred day moving average price is $131.94. The company has a market capitalization of $27.46 billion, a P/E ratio of 23.95, a price-to-earnings-growth ratio of 2.82 and a beta of 0.60.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.61 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 analyst estimates of $1.33 billion. American Water Works had a net margin of 21.35% and a return on equity of 10.20%. The firm’s quarterly 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, 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 company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be paid a $0.895 dividend. 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%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of American Water Works from $138.00 to $147.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Water Works in a research note on Wednesday, June 24th. UBS Group increased their target price on shares of American Water Works from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Truist Financial set a $139.00 price target on shares of American Water Works in a research report on Tuesday, August 4th. Finally, Barclays boosted their price target on shares of American Water Works from $124.00 to $130.00 and gave the company an “underweight” rating in a report on Wednesday, July 15th. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, American Water Works has a consensus rating of “Hold” and a consensus price target of $138.78.

About American Water Works

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.