24,335 Shares in American Water Works Company, Inc. $AWK Purchased by S Bank Fund Management Ltd

Key Points

• S Bank Fund Management Ltd has purchased **24,335 shares** of American Water Works Company, Inc. for about **$3.4 million**, indicating increased interest from institutional investors in this utilities provider.
• Analyst ratings for American Water Works show a **consensus rating of "Hold"** with a target price of **$143.57**, and significant adjustments were made by firms including Wells Fargo and UBS.
• The company reported a **missed earnings estimate** of $1.48 per share for the last quarter, while revenue increased by **11.1%**, totaling **$1.28 billion** for the same period last year.

S Bank Fund Management Ltd purchased a new position in American Water Works Company, Inc. (NYSE:AWK - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 24,335 shares of the utilities provider's stock, valued at approximately $3,385,000.

Other hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings in American Water Works by 45.2% in the first quarter. Farther Finance Advisors LLC now owns 2,326 shares of the utilities provider's stock worth $342,000 after acquiring an additional 724 shares during the last quarter. GAMMA Investing LLC lifted its holdings in American Water Works by 39.9% in the first quarter. GAMMA Investing LLC now owns 4,171 shares of the utilities provider's stock worth $615,000 after acquiring an additional 1,189 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in American Water Works by 2.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 124,352 shares of the utilities provider's stock worth $18,344,000 after acquiring an additional 2,570 shares during the last quarter. Sowell Financial Services LLC bought a new position in American Water Works in the first quarter worth about $852,000. Finally, Sagespring Wealth Partners LLC bought a new position in American Water Works in the first quarter worth about $234,000. 86.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Wells Fargo & Company cut 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 report on Friday, August 1st. Weiss Ratings reissued a "hold (c+)" rating on shares of American Water Works in a report on Wednesday, October 8th. UBS Group cut their target price on shares of American Water Works from $156.00 to $151.00 and set a "neutral" rating on the stock in a report on Tuesday, August 12th. Mizuho raised their target price on shares of American Water Works from $148.00 to $149.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. Finally, Cowen initiated coverage on American Water Works in a report on Wednesday. They set a "hold" rating on the stock. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $143.57.

American Water Works Stock Performance

AWK opened at $142.45 on Thursday. The business's 50 day moving average is $140.73 and its 200-day moving average is $142.11. The stock has a market cap of $27.79 billion, a PE ratio of 25.67, a price-to-earnings-growth ratio of 3.40 and a beta of 0.70. The company has a current ratio of 0.35, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. American Water Works Company, Inc. has a twelve month low of $118.74 and a twelve month high of $155.50.

American Water Works (NYSE:AWK - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.48 earnings per share for the quarter, missing analysts' consensus estimates of $1.53 by ($0.05). American Water Works had a net margin of 21.91% and a return on equity of 10.34%. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the firm posted $1.42 EPS. The business's quarterly revenue 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. On average, analysts predict that American Water Works Company, Inc. will post 5.71 earnings per share 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 dividend of $0.8275 per share. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $3.31 annualized dividend and a yield of 2.3%. American Water Works's payout ratio is presently 59.64%.

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.

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