American Water Works gains $2.7B BlackRock investment, Argus raises target

American Water Works saw a surge of institutional interest on August 20, 2026. BlackRock Inc. purchased a new stake valued at approximately $2.71 billion. This investment gives BlackRock a 10.37% ownership position in the utility provider. MSH Capital Advisors LLC and Danske Bank A/S also initiated new multi-million dollar positions.

Argus raised its price target on the company to $155 from $140. The firm maintained its Buy rating on the stock.

These developments follow a recent earnings report where the company exceeded analyst expectations. American Water Works beat forecasts for both earnings per share and revenue.