ABN Amro Investment Solutions Makes New $31.35 Million Investment in American Water Works Company, Inc. $AWK

ABN Amro Investment Solutions purchased a new stake in shares of American Water Works Company, Inc. (NYSE:AWK) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 225,372 shares of the utilities provider’s stock, valued at approximately $31,351,000. ABN Amro Investment Solutions owned approximately 0.12% of American Water Works as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Candriam S.C.A. raised its position in American Water Works by 0.4% during the 2nd quarter. Candriam S.C.A. now owns 387,482 shares of the utilities provider’s stock valued at $53,905,000 after purchasing an additional 1,617 shares in the last quarter. Police & Firemen s Retirement System of New Jersey increased its stake in shares of American Water Works by 4.3% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 29,514 shares of the utilities provider’s stock valued at $4,106,000 after buying an additional 1,230 shares during the period. Geode Capital Management LLC raised its holdings in shares of American Water Works by 2.1% in the second quarter. Geode Capital Management LLC now owns 4,949,996 shares of the utilities provider’s stock valued at $685,662,000 after acquiring an additional 103,595 shares in the last quarter. Forsta AP Fonden raised its holdings in shares of American Water Works by 11.4% in the second quarter. Forsta AP Fonden now owns 39,000 shares of the utilities provider’s stock valued at $5,425,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Jupiter Asset Management Ltd. lifted its stake in American Water Works by 20.2% in the second quarter. Jupiter Asset Management Ltd. now owns 312,969 shares of the utilities provider’s stock worth $43,537,000 after acquiring an additional 52,492 shares during the period. Institutional investors own 86.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AWK. Argus raised their target price on shares of American Water Works from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, August 14th. Barclays increased their price objective on shares of American Water Works from $128.00 to $134.00 and gave the company an “underweight” rating in a research note on Tuesday, October 21st. Wells Fargo & Company began coverage on shares of American Water Works in a report on Monday, October 27th. They set an “equal weight” rating and a $142.00 price objective on the stock. Jefferies Financial Group upgraded American Water Works from an “underperform” rating to a “hold” rating and upped their target price for the stock from $114.00 to $124.00 in a report on Wednesday, November 5th. Finally, UBS Group dropped their target price on American Water Works from $156.00 to $151.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 12th. One investment analyst has rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $143.00.

American Water Works Stock Performance

Shares of AWK stock opened at $129.77 on Thursday. American Water Works Company, Inc. has a 12-month low of $118.74 and a 12-month high of $155.50. The business’s fifty day simple moving average is $137.10 and its 200-day simple moving average is $140.56. The company has a current ratio of 0.35, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The company has a market cap of $25.32 billion, a PE ratio of 22.81, a PEG ratio of 2.84 and a beta of 0.72.

American Water Works (NYSE:AWK) last announced its earnings results on Wednesday, October 29th. The utilities provider reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.04. American Water Works had a return on equity of 10.57% and a net margin of 21.93%.The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the business earned $1.80 EPS. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. FY 2026 guidance at 6.020-6.120 EPS. Analysts expect that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

American Water Works Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Thursday, November 13th will be issued a dividend of $0.8275 per share. The ex-dividend date is Thursday, November 13th. This represents a $3.31 annualized dividend and a dividend yield of 2.6%. American Water Works’s dividend payout ratio is 58.17%.

American Water Works Company Profile

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.5 million active customers. The company serves residential customers; commercial customers, including food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities, such as schools and universities; and other utilities and community water and wastewater systems.