AG2R LA Mondiale Gestion D Actifs Makes New $1.26 Million Investment in American Water Works Company, Inc. $AWK

Key Points

• AG2R LA Mondiale Gestion D Actifs has made a new investment of approximately $1.26 million in American Water Works Company, Inc., acquiring 9,080 shares during the 2nd quarter.
• American Water Works reported $1.48 EPS for the last quarter, missing estimates of $1.53, but showed an 11.1% revenue increase year-over-year with $1.28 billion in total revenue.
• The company declared a quarterly dividend of $0.8275, resulting in an annualized dividend of $3.31 and a yield of 2.3% with a payout ratio of 59.64%.

AG2R LA Mondiale Gestion D Actifs acquired a new stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,080 shares of the utilities provider's stock, valued at approximately $1,263,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Sumitomo Life Insurance Co. raised its stake in American Water Works by 1.5% in the 1st quarter. Sumitomo Life Insurance Co. now owns 4,679 shares of the utilities provider's stock valued at $690,000 after acquiring an additional 70 shares during the period. Sargent Investment Group LLC increased its holdings in shares of American Water Works by 2.6% in the first quarter. Sargent Investment Group LLC now owns 2,795 shares of the utilities provider's stock valued at $412,000 after purchasing an additional 70 shares during the last quarter. Private Trust Co. NA raised its position in shares of American Water Works by 4.8% in the first quarter. Private Trust Co. NA now owns 1,607 shares of the utilities provider's stock valued at $237,000 after purchasing an additional 74 shares during the period. Foundations Investment Advisors LLC lifted its stake in shares of American Water Works by 5.0% during the 1st quarter. Foundations Investment Advisors LLC now owns 1,726 shares of the utilities provider's stock worth $255,000 after buying an additional 82 shares during the last quarter. Finally, Principal Securities Inc. lifted its stake in shares of American Water Works by 1.4% during the 1st quarter. Principal Securities Inc. now owns 6,157 shares of the utilities provider's stock worth $908,000 after buying an additional 85 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors.

American Water Works Stock Down 0.7%

NYSE AWK opened at $141.64 on Friday. The company has a current ratio of 0.35, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The company has a market cap of $27.63 billion, a price-to-earnings ratio of 25.52, a PEG ratio of 3.39 and a beta of 0.70. The company has a 50 day moving average of $140.66 and a 200-day moving average of $142.00. American Water Works Company, Inc. has a 1-year low of $118.74 and a 1-year high of $155.50.

American Water Works (NYSE:AWK - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the company earned $1.42 EPS. The company's quarterly revenue was up 11.1% compared to the same quarter last year. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. On average, equities research analysts expect that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

American Water Works Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Tuesday, August 12th were given a $0.8275 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 2.3%. American Water Works's dividend payout ratio (DPR) is presently 59.64%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on AWK shares. TD Cowen began coverage on shares of American Water Works in a research note on Thursday, October 16th. They issued a "hold" rating and a $155.00 price target on the stock. Cowen began coverage on American Water Works in a research report on Wednesday, October 15th. They issued a "hold" rating on the stock. Argus increased their target price on American Water Works from $155.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, August 14th. Mizuho boosted their price target on American Water Works from $148.00 to $149.00 and gave the company a "neutral" rating in a research note on Friday, August 1st. Finally, Wells Fargo & Company decreased their price objective on 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. One equities research analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $145.75.

About American Water Works

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.