1,835 Shares in American Water Works Company, Inc. $AWK Purchased by Jackson Thornton Wealth Management LLC

Key Points

• Jackson Thornton Wealth Management LLC acquired 1,835 shares of American Water Works Company, Inc., valued at approximately $259,000, marking a significant investment in the utilities provider.
• Research firms have set varied target prices for American Water Works, with the average target price currently at $145.00 and a majority of analysts rating the stock as "Hold."
• The company reported earnings of $1.48 per share for the last quarter, missing estimates, but showed an 11.1% year-over-year revenue increase to $1.28 billion.

Jackson Thornton Wealth Management LLC purchased a new position in American Water Works Company, Inc. (NYSE:AWK - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,835 shares of the utilities provider's stock, valued at approximately $259,000.

Other hedge funds also recently bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group bought a new position in American Water Works in the 2nd quarter worth about $28,000. WPG Advisers LLC bought a new position in American Water Works during the 1st quarter valued at about $29,000. Flaharty Asset Management LLC bought a new position in American Water Works during the 1st quarter valued at about $30,000. Cloud Capital Management LLC bought a new position in American Water Works during the 1st quarter valued at about $29,000. Finally, Concord Wealth Partners bought a new position in American Water Works during the 2nd quarter valued at about $28,000. Institutional investors own 86.58% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on AWK. Mizuho upped their target price on shares of American Water Works from $148.00 to $149.00 and gave the company a "neutral" rating in a research note on Friday, August 1st. Wells Fargo & Company lowered their target price on shares of American Water Works from $147.00 to $141.00 and set an "equal weight" rating on the stock in a research note on Friday, August 1st. TD Cowen began coverage on shares of American Water Works in a research note on Thursday, October 16th. They set a "hold" rating and a $155.00 target price on the stock. Barclays lowered their target price on shares of American Water Works from $138.00 to $128.00 and set an "underweight" rating on the stock in a research note on Thursday, July 10th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of American Water Works in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, American Water Works currently has an average rating of "Hold" and an average target price of $145.00.

American Water Works Price Performance

Shares of NYSE:AWK opened at $145.43 on Tuesday. The firm's 50 day moving average price is $140.68 and its 200-day moving average price is $141.95. American Water Works Company, Inc. has a twelve month low of $118.74 and a twelve month high of $155.50. The company has a quick ratio of 0.32, a current ratio of 0.35 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $28.37 billion, a PE ratio of 26.20, a price-to-earnings-growth ratio of 3.45 and a beta of 0.70.

American Water Works (NYSE:AWK - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.05). American Water Works had a return on equity of 10.34% and a net margin of 21.91%.The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the company earned $1.42 EPS. American Water Works's revenue for the quarter was up 11.1% on a year-over-year basis. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. Equities research analysts expect that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Tuesday, August 12th were issued a $0.8275 dividend. This represents a $3.31 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, August 12th. American Water Works's dividend payout ratio is currently 59.64%.

American Water Works 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.

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