American Water Works Company, Inc. $AWK Shares Purchased by Boston Common Asset Management LLC

Key Points

• Boston Common Asset Management LLC increased its holdings in American Water Works shares by 9.9% during the second quarter, owning 173,684 shares valued at approximately $24.16 million.
• American Water Works reported a quarterly EPS of $1.48, missing analyst estimates, but its revenue of $1.28 billion exceeded expectations with an 11.1% increase year-over-year.
• The company's recent dividend payout was $0.8275 per share, contributing to a yield of 2.4% and reflecting a payout ratio of 59.64%.

Boston Common Asset Management LLC increased its holdings in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 9.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 173,684 shares of the utilities provider's stock after purchasing an additional 15,589 shares during the quarter. Boston Common Asset Management LLC owned 0.09% of American Water Works worth $24,161,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of American Water Works during the 2nd quarter worth about $28,000. WPG Advisers LLC purchased a new position in American Water Works during the 1st quarter valued at about $29,000. Flaharty Asset Management LLC purchased a new position in American Water Works during the 1st quarter valued at about $30,000. Cloud Capital Management LLC purchased a new position in American Water Works during the 1st quarter valued at about $29,000. Finally, Wayfinding Financial LLC purchased a new position in American Water Works during the 1st quarter valued at about $48,000. 86.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AWK has been the subject of a number of research analyst reports. Argus raised their target price on American Water Works from $155.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, August 14th. Wells Fargo & Company lowered their target price on 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. Barclays lowered their target price on American Water Works from $138.00 to $128.00 and set an "underweight" rating for the company in a report on Thursday, July 10th. Weiss Ratings restated a "hold (c+)" rating on shares of American Water Works in a report on Saturday, September 27th. Finally, Mizuho raised their target price on American Water Works from $148.00 to $149.00 and gave the company a "neutral" rating in a report on Friday, August 1st. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Reduce" and an average target price of $141.13.

American Water Works Stock Performance

Shares of American Water Works stock opened at $137.97 on Friday. American Water Works Company, Inc. has a one year low of $118.74 and a one year high of $155.50. The company has a market cap of $26.92 billion, a PE ratio of 24.86, a P/E/G ratio of 3.26 and a beta of 0.70. 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 business has a 50-day simple moving average of $140.86 and a 200-day simple moving average of $142.15.

American Water Works (NYSE:AWK - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.48 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the firm posted $1.42 earnings per share. The business'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. On average, equities research analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Tuesday, August 12th were paid a dividend of $0.8275 per share. The ex-dividend date was Tuesday, August 12th. This represents a $3.31 annualized dividend and a yield of 2.4%. American Water Works's payout ratio is presently 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.

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