Credit Agricole S A Grows Stock Holdings in American Water Works Company, Inc. $AWK

Key Points

• Credit Agricole S A increased its stake in American Water Works by 1.5%, now holding approximately 152,432 shares valued at $22.5 million as of the latest SEC filing.
• American Water Works declared a quarterly dividend of $0.8275, with an annualized yield of 2.3%, to be paid on September 3rd.
• Analysts have mixed opinions on AWK, with price targets ranging from $128 to $160, and a general average rating of "Reduce" from 11 analysts.

Credit Agricole S A grew its position in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 1.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 152,432 shares of the utilities provider's stock after buying an additional 2,219 shares during the period. Credit Agricole S A owned approximately 0.08% of American Water Works worth $22,487,000 as of its most recent SEC filing.

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

Insider Activity at American Water Works

In other news, CAO Melissa K. Wikle sold 2,825 shares of the business's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $143.28, for a total value 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.11% of the company's stock.

American Water Works Price Performance

Shares of AWK stock traded up $0.0880 during mid-day trading on Friday, hitting $145.9580. The company had a trading volume of 963,948 shares, compared to its average volume of 1,632,087. American Water Works Company, Inc. has a 52-week low of $118.74 and a 52-week high of $155.50. The stock's 50 day moving average price is $142.14 and its 200-day moving average price is $141.12. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.35 and a quick ratio of 0.32. The company 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 (NYSE:AWK - Get Free Report) last released 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 company had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.22 billion. During the same period last year, the firm posted $1.42 EPS. 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. Equities research analysts forecast that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders 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 payout ratio is 59.64%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AWK. Evercore ISI lifted 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 research note on Friday, May 2nd. Mizuho lifted their price target 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. Barclays reduced their price target on shares of American Water Works from $138.00 to $128.00 and set an "underweight" rating for the company in a research note on Thursday, July 10th. Wells Fargo & Company cut their target price on shares of American Water Works from $147.00 to $141.00 and set an "equal weight" rating for the company in a research report on Friday, August 1st. Finally, UBS Group lowered their price target on shares of American Water Works from $156.00 to $151.00 and set a "neutral" rating on the stock in a report on Tuesday, August 12th. Two 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. Based on data from MarketBeat, the stock currently has an average rating of "Reduce" and an average price target of $143.30.

American Water Works Company 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.