Teza Capital Management LLC Purchases Shares of 3,687 American Water Works Company, Inc. $AWK

Key Points

• Teza Capital Management LLC has acquired 3,687 shares in American Water Works valued at approximately $544,000, indicating institutional interest in the utilities provider.
• American Water Works reported a quarterly earnings miss with $1.48 EPS against an estimate of $1.53, but revenue increased by 11.1% compared to the previous year.
• The company issued a quarterly dividend of $0.8275 per share, yielding 2.3%, with a payout ratio currently at 59.64%.

Teza Capital Management LLC acquired a new stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,687 shares of the utilities provider's stock, valued at approximately $544,000.

Several other hedge funds also recently bought and sold shares of AWK. Cloud Capital Management LLC bought a new position in American Water Works in the 1st quarter valued at $29,000. WPG Advisers LLC bought a new position in American Water Works in the 1st quarter valued at $29,000. Capital A Wealth Management LLC bought a new position in American Water Works in the 4th quarter valued at $33,000. Wayfinding Financial LLC bought a new position in American Water Works in the 1st quarter valued at $48,000. Finally, Millstone Evans Group LLC bought a new position in American Water Works in the 1st quarter valued at $55,000. Institutional investors own 86.58% of the company's stock.

American Water Works Stock Down 0.3%

Shares of NYSE AWK traded down $0.46 during mid-day trading on Friday, reaching $139.17. 994,551 shares of the company were exchanged, compared to its average volume of 999,133. 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 cap of $27.15 billion, a price-to-earnings ratio of 25.08, a P/E/G ratio of 3.31 and a beta of 0.69. American Water Works Company, Inc. has a 1 year low of $118.74 and a 1 year high of $155.50. The firm has a 50-day moving average of $142.51 and a 200 day moving average of $142.63.

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 analysts' consensus estimates of $1.53 by ($0.05). The company had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.22 billion. American Water Works had a return on equity of 10.34% and a net margin of 21.91%.The company's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.42 earnings per share. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. On average, research analysts expect that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Tuesday, August 12th were paid a dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Tuesday, August 12th. American Water Works's dividend payout ratio is 59.64%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on AWK shares. Wells Fargo & Company cut their price objective on American Water Works from $147.00 to $141.00 and set an "equal weight" rating on the stock in a research report on Friday, August 1st. UBS Group cut their price objective 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. Mizuho upped their target price on American Water Works from $148.00 to $149.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. Barclays lowered their target price on American Water Works from $138.00 to $128.00 and set an "underweight" rating for the company in a report on Thursday, July 10th. Finally, Argus upped their target price on American Water Works from $155.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus price target of $143.30.

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.