Ally Financial Inc. Has $1.92 Million Stock Position in American Water Works Company, Inc. $AWK

Key Points

• Ally Financial Inc. increased its stake in American Water Works by 62.5%, acquiring an additional 5,000 shares, bringing its total holdings to 13,000 shares worth approximately $1.9 million.
• American Water Works announced a quarterly dividend of $0.8275 per share, resulting in an annualized dividend yield of 2.3%, which will be paid to stockholders on September 3rd.
• Despite reporting a revenue increase of 11.1%, American Water Works missed its earnings per share estimate, reporting $1.48 against a consensus of $1.53.

Ally Financial Inc. boosted its holdings in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 62.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,000 shares of the utilities provider's stock after acquiring an additional 5,000 shares during the period. Ally Financial Inc.'s holdings in American Water Works were worth $1,918,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AWK. Marshall Wace LLP purchased a new stake in American Water Works during the fourth quarter worth approximately $2,842,000. Dimensional Fund Advisors LP raised its holdings in shares of American Water Works by 2.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 757,697 shares of the utilities provider's stock worth $94,324,000 after purchasing an additional 14,808 shares during the period. Integrated Wealth Concepts LLC raised its holdings in shares of American Water Works by 12.2% during the fourth quarter. Integrated Wealth Concepts LLC now owns 3,382 shares of the utilities provider's stock worth $421,000 after purchasing an additional 367 shares during the period. Nebula Research & Development LLC acquired a new stake in shares of American Water Works in the 4th quarter worth about $416,000. Finally, Two Sigma Securities LLC acquired a new position in American Water Works during the 4th quarter valued at about $679,000. 86.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at American Water Works

In related news, CAO Melissa K. Wikle sold 2,825 shares of the firm'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 completion of the transaction, the chief accounting officer directly owned 7,572 shares of the company's stock, valued at approximately $1,084,916.16. This trade represents 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 the SEC website. Corporate insiders own 0.11% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AWK. Mizuho lifted 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 note on Friday, August 1st. Wells Fargo & Company decreased their price target on shares of American Water Works from $147.00 to $141.00 and set an "equal weight" rating for the company in a report on Friday, August 1st. UBS Group cut their price objective on shares of 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. Argus lifted their price target 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. Finally, Evercore ISI boosted their target price on shares of American Water Works from $139.00 to $148.00 and gave the stock an "in-line" rating in a research report on Friday, May 2nd. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Reduce" and an average price target of $143.30.

American Water Works Trading Up 0.6%

American Water Works stock traded up $0.87 during trading hours on Wednesday, reaching $144.82. 1,208,817 shares of the company's stock traded hands, compared to its average volume of 1,656,369. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.35. The firm has a market capitalization of $28.25 billion, a price-to-earnings ratio of 26.09, a PEG ratio of 3.41 and a beta of 0.65. The firm's 50 day moving average is $142.28 and its 200-day moving average is $141.53. American Water Works Company, Inc. has a fifty-two week low of $118.74 and a fifty-two week high of $155.50.

American Water Works (NYSE:AWK - Get Free Report) last issued 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 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 the consensus estimate of $1.22 billion. During the same period in the previous year, the company posted $1.42 EPS. The firm's revenue for the quarter 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. On average, 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 announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Tuesday, August 12th will be paid a $0.8275 dividend. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $3.31 annualized dividend and a dividend yield of 2.3%. American Water Works's dividend payout ratio (DPR) is currently 59.64%.

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.