American Water Works Company, Inc. $AWK Shares Purchased by Fulcrum Capital LLC

Key Points

• Fulcrum Capital LLC increased its stake in American Water Works by 44.5% in the 2nd quarter, now holding shares worth $944,000.
• American Water Works reported a Q2 EPS of $1.48, missing estimates by $0.05, but revenue increased by 11.1% year-over-year.
• The company announced a quarterly dividend of $0.8275, resulting in an annualized dividend yield of 2.3%.

Fulcrum Capital LLC lifted its stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 44.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,784 shares of the utilities provider's stock after acquiring an additional 2,089 shares during the quarter. Fulcrum Capital LLC's holdings in American Water Works were worth $944,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of American Water Works in the 2nd quarter worth approximately $28,000. Cloud Capital Management LLC acquired a new position in shares of American Water Works in the 1st quarter worth approximately $29,000. WPG Advisers LLC acquired a new position in shares of American Water Works in the 1st quarter worth approximately $29,000. Flaharty Asset Management LLC acquired a new position in shares of American Water Works in the 1st quarter worth approximately $30,000. Finally, REAP Financial Group LLC lifted its holdings in shares of American Water Works by 157.3% in the 2nd quarter. REAP Financial Group LLC now owns 283 shares of the utilities provider's stock worth $39,000 after acquiring an additional 173 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Trading Up 1.2%

Shares of NYSE:AWK opened at $142.78 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 $140.87 and its two-hundred day moving average is $142.16. 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 $27.86 billion, a PE ratio of 25.73, a P/E/G ratio of 3.34 and a beta of 0.70.

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 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 analysts' expectations of $1.22 billion. During the same period in the prior year, the company posted $1.42 earnings per share. The company'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. Equities analysts predict that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

American Water Works Announces Dividend

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 Analyst Weigh In

Several equities research analysts recently weighed in on AWK shares. Argus upped their target price on shares of American Water Works from $155.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, August 14th. UBS Group cut 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 research note on Tuesday, August 12th. Mizuho upped their target price 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 cut their target price on shares of American Water Works from $138.00 to $128.00 and set an "underweight" rating on the stock in a research note on Thursday, July 10th. Finally, 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 on the stock in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $143.57.

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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