Algorithmic Investment Models LLC Takes Position in American Water Works Company, Inc. $AWK

Key Points

• Algorithmic Investment Models LLC acquired 2,280 shares of American Water Works, valued at approximately $336,000, during the first quarter according to a 13F filing.
• Several institutional investors, including Price T Rowe Associates and Pictet Asset Management, significantly increased their stakes in American Water Works during the same period.
• American Water Works reported a quarterly earnings per share of $1.48, missing expectations, while also announcing a quarterly dividend of $0.8275 per share to be paid on September 3rd.

Algorithmic Investment Models LLC purchased a new stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,280 shares of the utilities provider's stock, valued at approximately $336,000.

A number of other large investors have also made changes to their positions in the stock. AQR Capital Management LLC raised its position in American Water Works by 265.1% in the fourth quarter. AQR Capital Management LLC now owns 52,912 shares of the utilities provider's stock worth $6,587,000 after purchasing an additional 38,420 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in American Water Works in the fourth quarter worth about $1,893,000. Aptus Capital Advisors LLC raised its position in American Water Works by 37.2% in the fourth quarter. Aptus Capital Advisors LLC now owns 2,635 shares of the utilities provider's stock worth $328,000 after purchasing an additional 715 shares in the last quarter. Ameriprise Financial Inc. raised its position in American Water Works by 4.8% in the fourth quarter. Ameriprise Financial Inc. now owns 1,960,070 shares of the utilities provider's stock worth $243,693,000 after purchasing an additional 89,988 shares in the last quarter. Finally, Bank of America Corp DE raised its position in American Water Works by 38.4% in the fourth quarter. Bank of America Corp DE now owns 2,695,734 shares of the utilities provider's stock worth $335,592,000 after purchasing an additional 747,316 shares in the last quarter. Institutional investors and hedge funds own 86.58% of the company's stock.

American Water Works Price Performance

Shares of AWK traded up $1.90 during mid-day trading on Friday, hitting $143.47. 782,169 shares of the company traded hands, compared to its average volume of 1,111,201. American Water Works Company, Inc. has a one year low of $118.74 and a one year high of $155.50. 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 business has a 50-day moving average of $142.60 and a 200 day moving average of $142.37. The stock has a market capitalization of $27.99 billion, a price-to-earnings ratio of 25.85, a PEG ratio of 3.35 and a beta of 0.69.

American Water Works (NYSE:AWK - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.48 EPS for the quarter, missing the consensus estimate 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 company 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 company earned $1.42 earnings per share. American Water Works's revenue for the quarter 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. As a group, equities analysts expect that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

American Water Works Announces Dividend

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

Analyst Ratings Changes

Several research analysts recently issued reports on AWK shares. UBS Group dropped their price target on shares of American Water Works from $156.00 to $151.00 and set a "neutral" rating for the company in a research report on Tuesday, August 12th. Mizuho upped their price objective on shares of American Water Works from $148.00 to $149.00 and gave the stock a "neutral" rating in a research note on Friday, August 1st. Wells Fargo & Company decreased their price objective 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. Argus upped their price objective on shares of American Water Works from $155.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, August 14th. Finally, Wall Street Zen cut shares of American Water Works from a "hold" rating to a "sell" rating in a research note on Wednesday, May 14th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Reduce" and an average price target of $143.30.

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.