American Water Works Company, Inc. $AWK Shares Acquired by Stratos Wealth Partners LTD.

Key Points

• Stratos Wealth Partners LTD. increased its stake in American Water Works Company, Inc. by 6.9% in Q2, owning 62,905 shares worth $8.75 million.
• Analysts have a mixed outlook on American Water Works, with a consensus rating of "Hold" and a price target averaging $145.00.
• American Water Works announced a $0.8275 quarterly dividend, representing an annualized dividend of $3.31 and a yield of 2.3%.

Stratos Wealth Partners LTD. increased its stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 6.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 62,905 shares of the utilities provider's stock after buying an additional 4,043 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in American Water Works were worth $8,751,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

AWK has been the topic of a number of analyst reports. UBS Group dropped their target price 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. Weiss Ratings reissued a "hold (c+)" rating on shares of American Water Works in a report on Wednesday, October 8th. Mizuho boosted their price objective on American Water Works from $148.00 to $149.00 and gave the company a "neutral" rating in a report on Friday, August 1st. Barclays lowered their price objective 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, TD Cowen assumed coverage on American Water Works in a report on Thursday. They issued a "hold" rating and a $155.00 price objective for the company. One investment analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $145.00.

American Water Works Stock Up 0.6%

NYSE:AWK opened at $144.02 on Friday. The firm has a market capitalization of $28.10 billion, a PE ratio of 25.95, a price-to-earnings-growth ratio of 3.44 and a beta of 0.70. The stock has a 50 day moving average of $140.68 and a 200-day moving average of $142.06. American Water Works Company, Inc. has a 52 week low of $118.74 and a 52 week 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.

American Water Works (NYSE:AWK - Get Free Report) last posted its 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). The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 11.1% compared to the same quarter last year. During the same period last year, the company posted $1.42 earnings per share. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. Analysts predict that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders 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 dividend yield of 2.3%. American Water Works's dividend payout ratio is 59.64%.

American Water Works 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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