American Water Works Company, Inc. $AWK Shares Bought by Ethic Inc.

Key Points

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Ethic Inc. raised its stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 61.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,866 shares of the utilities provider's stock after acquiring an additional 5,275 shares during the quarter. Ethic Inc.'s holdings in American Water Works were worth $2,038,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of AWK. Cloud Capital Management LLC purchased a new position in shares of American Water Works during the 1st quarter valued at approximately $29,000. Capital A Wealth Management LLC acquired a new stake in American Water Works during the fourth quarter valued at $33,000. Banque Transatlantique SA purchased a new position in American Water Works in the fourth quarter valued at $46,000. Wayfinding Financial LLC acquired a new position in shares of American Water Works in the first quarter worth about $48,000. Finally, Colonial Trust Co SC boosted its stake in shares of American Water Works by 78.3% during the 4th quarter. Colonial Trust Co SC now owns 410 shares of the utilities provider's stock worth $51,000 after acquiring an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 86.58% of the company's stock.

Insider Buying and Selling

In other American Water Works news, CAO Melissa K. Wikle sold 2,825 shares of the business's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $143.28, for a total transaction of $404,766.00. Following the transaction, the chief accounting officer owned 7,572 shares of the company's stock, valued at approximately $1,084,916.16. The trade was a 27.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.11% of the company's stock.

American Water Works Price Performance

Shares of NYSE AWK traded up $0.0880 during mid-day trading on Friday, reaching $145.9580. The company's stock had a trading volume of 643,350 shares, compared to its average volume of 1,423,447. The stock has a 50-day moving average of $142.04 and a two-hundred day moving average of $140.97. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.35. The stock has a market capitalization of $28.48 billion, a P/E ratio of 26.30, a P/E/G ratio of 3.45 and a beta of 0.65. 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 announced its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.05). The business had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.22 billion. American Water Works had a net margin of 21.91% and a return on equity of 10.34%. The firm's revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.42 EPS. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. On average, equities research analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AWK. Wells Fargo & Company lowered their price target 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. Wall Street Zen downgraded American Water Works from a "hold" rating to a "sell" rating in a research note on Wednesday, May 14th. Barclays dropped their price target 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. Evercore ISI boosted their price target on shares of American Water Works from $139.00 to $148.00 and gave the stock an "in-line" rating in a report on Friday, May 2nd. Finally, 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 report on Thursday, August 14th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus target price 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.