American Water Works (AWK)
Operates regulated water and wastewater utilities across 14 U.S. states.
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Provides regulated drinking-water and wastewater services to residential, commercial, industrial and public customers across the United States, earning most revenue through state-regulated utilities. A smaller Military Services Group operates water and wastewater systems under long-term federal contracts.
Owns and operates regulated drinking-water and wastewater utilities across 14 U.S. states, serving residential, commercial, industrial and public customers. Its systems treat and distribute water, then collect and treat wastewater. Regulated utilities generate most revenue; Pennsylvania and New Jersey are the largest jurisdictions.
Growth comes from renewing infrastructure, connecting customers within existing service areas and acquiring additional systems. Consolidated tariffs and shared operations help integrate those systems. The Military Services Group separately operates water and wastewater networks at military installations under long-term federal contracts.
Rates, acquisitions and recovery of infrastructure spending depend on state utility commissions, while drinking-water and discharge rules shape operations. A pending stock-for-stock merger with Essential Utilities remains subject to regulatory approvals; if completed, Essential would become a subsidiary while the surviving parent retains its name and Camden headquarters.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 10, 2026 | UBS | Reiterate | Rating: —Target: $150 | Target: $162 |
| Aug 4, 2026 | Truist Financial | Target | Target: — | Target: $139 |
| Jul 15, 2026 | Barclays | Reiterate | Rating: —Target: $124 | Target: $130 |
| Jul 2, 2026 | UBS | Reiterate | Rating: —Target: $140 | Target: $150 |
| May 29, 2026 | UBS | Upgrade | Target: $137 | Target: $140 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $191.0M · Total debt $16.06B · Total assets $36.45B · Shareholders' equity $11.67B
- Revenue
- $1.36B
- Operating income
- $542.0M
- Net income
- $315.0M
HistoryDividendAnnual yield
| Institutions | ≈ 103.44% | 205.57M shares | |
|---|---|---|---|
| 1,157 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 0.15% | 303.0K shares | |
| 18 holders · as of May 13, 2026 | |||
| Adds to | 103.59% | ||
198.73M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 103.59%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 10.37% | 20.61M | as of Jun 30, 2026 |
Wellington Management Group LLPInstitution | 7.50% | 14.91M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.43% | 12.77M | as of Jun 30, 2026 |
State Street CorpInstitution | 5.99% | 11.90M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 5.66% | 11.26M | as of Jun 30, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
- Essential Utilities
Largest IOU peer; pending merger; direct rival in regulated water/M&A.
- California Water Service Group
Third-largest U.S. water utility; West Coast IOU rival for M&A and rate cases.
- American States Water
California IOU; only public peer with a military utility privatization unit.
- H2O America
Multi-state IOU (CA/CT/ME/TX); rebranded from SJW Group 2025; prior AWK target.
- Middlesex Water
Mid-Atlantic IOU (NJ/DE); overlaps AWK in New Jersey; 52-year dividend streak.
- Artesian Resources
Delmarva Peninsula IOU (DE/MD/PA); oldest regulated water utility in Delaware.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| American Water Works | $134.81 | +0.63% | $26.62B | 23.2 | 22.0 | 5.0 | +6.2% |
| Essential Utilities | $40.74 | +0.64% | $11.48B | 20.7 | 17.7 | 4.5 | +3.1% |
| California Water Service Group | $47.52 | +0.54% | $2.92B | 21.3 | 18.2 | 2.8 | +16.5% |
| American States Water | $85.26 | +0.48% | $3.33B | 23.2 | 23.0 | 4.8 | +11.2% |
| H2O America | $63.34 | +1.17% | $2.62B | 22.0 | 23.1 | 3.2 | +6.2% |
| Middlesex Water | $55.21 | −0.05% | $1.04B | 21.2 | 21.0 | 5.0 | +14.3% |
| Artesian Resources | $34.40 | +0.03% | $355.1M | 15.0 | 14.8 | 3.0 | +7.4% |
| Median | 21.3 | 19.6 | 3.8 | +9.3% |