American Water Works Company, Inc. $AWK Shares Bought by Vident Advisory LLC

Key Points

• Vident Advisory LLC increased its stake in American Water Works by 102.2% in Q1, owning 5,853 shares worth approximately $863,000.
• American Water Works reported a missed EPS estimate of $1.48 for the last quarter but experienced an 11.1% year-over-year revenue increase, totaling $1.28 billion.
• The company announced a quarterly dividend of $0.8275, with an annualized dividend yield of 2.3%, while maintaining a dividend payout ratio of 59.64%.

Vident Advisory LLC raised its position in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 102.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,853 shares of the utilities provider's stock after purchasing an additional 2,958 shares during the quarter. Vident Advisory LLC's holdings in American Water Works were worth $863,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of AWK. Cloud Capital Management LLC purchased a new position in shares of American Water Works during the 1st quarter worth approximately $29,000. WPG Advisers LLC purchased a new position in shares of American Water Works during the 1st quarter worth approximately $29,000. Capital A Wealth Management LLC purchased a new position in shares of American Water Works during the 4th quarter worth approximately $33,000. Wayfinding Financial LLC purchased a new position in shares of American Water Works during the 1st quarter worth approximately $48,000. Finally, Colonial Trust Co SC boosted its position 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 purchasing an additional 180 shares during the period. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Trading Up 0.6%

Shares of NYSE:AWK opened at $141.56 on Friday. American Water Works Company, Inc. has a 52 week low of $118.74 and a 52 week high of $155.50. The company's 50 day moving average is $142.49 and its two-hundred day moving average is $142.26. The company has a current ratio of 0.35, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The company has a market cap of $27.62 billion, a PE ratio of 25.51, a P/E/G ratio of 3.33 and a beta of 0.69.

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 analysts' consensus estimates of $1.53 by ($0.05). The company had revenue of $1.28 billion during 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 company's quarterly revenue was up 11.1% on a year-over-year basis. During the same period last year, the business earned $1.42 earnings per share. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. Equities analysts predict that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

American Water Works Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors 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 2.3%. The ex-dividend date of this dividend was Tuesday, August 12th. American Water Works's dividend payout ratio (DPR) is 59.64%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on AWK shares. Mizuho increased 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 increased 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. Barclays lowered their price objective 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. 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 report on Friday, August 1st. Finally, UBS Group reduced their target price 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 issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus 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.

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