Nicola Wealth Management LTD. Buys 2,000 Shares of American Water Works Company, Inc. $AWK

Key Points

• Nicola Wealth Management LTD. increased its holdings in American Water Works Company by 16.0%, owning 14,500 shares worth approximately $2.14 million as of the latest SEC filing.
• American Water Works reported a Q2 EPS of $1.48, missing expectations by $0.05, despite an 11.1% year-over-year revenue growth to $1.28 billion.
• The company declared a quarterly dividend of $0.8275 per share, resulting in an annualized dividend of $3.31, with a yield of 2.4%.

Nicola Wealth Management LTD. raised its position in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 16.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,500 shares of the utilities provider's stock after acquiring an additional 2,000 shares during the quarter. Nicola Wealth Management LTD.'s holdings in American Water Works were worth $2,139,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in American Water Works by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 25,248,263 shares of the utilities provider's stock valued at $3,724,624,000 after acquiring an additional 141,038 shares in the last quarter. Pictet Asset Management Holding SA grew its position in shares of American Water Works by 24.1% during the first quarter. Pictet Asset Management Holding SA now owns 4,532,131 shares of the utilities provider's stock valued at $668,566,000 after purchasing an additional 878,951 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of American Water Works by 881.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,704,995 shares of the utilities provider's stock valued at $546,562,000 after acquiring an additional 3,327,352 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of American Water Works by 3.6% in the 1st quarter. Northern Trust Corp now owns 3,479,406 shares of the utilities provider's stock valued at $513,282,000 after acquiring an additional 121,680 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in American Water Works by 16.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,134,358 shares of the utilities provider's stock worth $314,861,000 after purchasing an additional 295,928 shares during the period. 86.58% of the stock is owned by institutional investors.

American Water Works Price Performance

AWK traded down $1.33 during midday trading on Tuesday, reaching $136.25. 1,055,242 shares of the company's stock were exchanged, compared to its average volume of 1,388,423. 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 stock has a market capitalization of $26.58 billion, a PE ratio of 24.55, a P/E/G ratio of 3.30 and a beta of 0.69. The business's 50-day moving average price is $142.47 and its 200 day moving average price is $142.75. 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 posted its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.48 earnings per share for the quarter, missing analysts' consensus estimates 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 firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the firm earned $1.42 EPS. The business's quarterly revenue was up 11.1% on a year-over-year basis. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. As a group, equities analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on AWK shares. Wells Fargo & Company reduced their target price 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. Barclays decreased their target price on shares of American Water Works from $138.00 to $128.00 and set an "underweight" rating for the company in a research report on Thursday, July 10th. 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 report on Friday, August 1st. Argus upped their price target 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. Finally, 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 note on Tuesday, August 12th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Reduce" and an average price target of $143.30.

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.