Swedbank AB Acquires 3,498 Shares of American Water Works Company, Inc. $AWK

Key Points

• Swedbank AB has increased its stake in American Water Works by 2.6%, now owning approximately 0.07% of the company, valued at about $18.99 million.
• The company's quarterly earnings report showed $1.48 EPS, which was below the consensus estimate of $1.53 EPS, despite revenues rising by 11.1% year-over-year.
• American Water Works declared a quarterly dividend of $0.8275 per share, resulting in an annualized dividend yield of 2.5%.

Swedbank AB boosted its stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 2.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 136,523 shares of the utilities provider's stock after purchasing an additional 3,498 shares during the period. Swedbank AB owned 0.07% of American Water Works worth $18,992,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. PFG Advisors raised its position in American Water Works by 33.4% during the first quarter. PFG Advisors now owns 9,699 shares of the utilities provider's stock worth $1,431,000 after acquiring an additional 2,429 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in American Water Works by 2.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 124,352 shares of the utilities provider's stock worth $18,344,000 after purchasing an additional 2,570 shares during the last quarter. Brown Advisory Inc. grew its position in shares of American Water Works by 2.2% during the 1st quarter. Brown Advisory Inc. now owns 10,547 shares of the utilities provider's stock worth $1,556,000 after purchasing an additional 229 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of American Water Works by 45.2% in the first quarter. Farther Finance Advisors LLC now owns 2,326 shares of the utilities provider's stock worth $342,000 after purchasing an additional 724 shares during the period. Finally, Mirador Capital Partners LP lifted its holdings in shares of American Water Works by 28.4% during the 2nd quarter. Mirador Capital Partners LP now owns 11,577 shares of the utilities provider's stock worth $1,610,000 after acquiring an additional 2,562 shares during the period. Institutional investors own 86.58% of the company's stock.

American Water Works Price Performance

Shares of AWK traded up $0.96 during mid-day trading on Tuesday, reaching $136.01. 356,124 shares of the stock traded hands, compared to its average volume of 1,387,622. The company has a market cap of $26.54 billion, a price-to-earnings ratio of 24.50, a price-to-earnings-growth ratio of 3.20 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 fifty day moving average price of $141.80 and a 200 day moving average price of $142.59. 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). American Water Works had a return on equity of 10.34% and a net margin of 21.91%.The business had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.22 billion. During the same quarter in the previous year, the firm earned $1.42 earnings per share. American Water Works'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. As a group, equities research analysts predict that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AWK. Argus raised their target price on shares of American Water Works from $155.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday, August 14th. Barclays reduced their price target on American Water Works from $138.00 to $128.00 and set an "underweight" rating on the stock in a research report on Thursday, July 10th. Mizuho raised their price objective on American Water Works from $148.00 to $149.00 and gave the stock a "neutral" rating in a research report on Friday, August 1st. UBS Group reduced their target price on American Water Works from $156.00 to $151.00 and set a "neutral" rating on the stock in a report on Tuesday, August 12th. Finally, Wells Fargo & Company cut their price target on shares of 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. One analyst has rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, American Water Works presently has an average rating of "Reduce" and an average target price of $141.13.

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.