American Water Works Company, Inc. $AWK Shares Acquired by Level Four Advisory Services LLC

Key Points

• Level Four Advisory Services LLC increased its stake in American Water Works by 8.1%, now owning 37,926 shares worth approximately $5.6 million, as reported in their SEC filing.
• American Water Works recently announced a quarterly dividend of $0.8275 per share, reflecting a yield of 2.3%, with the ex-dividend date on August 12th.
• Analysts have mixed ratings for American Water Works, with a consensus rating of "Reduce" and an average target price of $143.30, although some firms increased their price targets to as high as $160.00.

Level Four Advisory Services LLC raised its position in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 8.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,926 shares of the utilities provider's stock after purchasing an additional 2,844 shares during the quarter. Level Four Advisory Services LLC's holdings in American Water Works were worth $5,595,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Cloud Capital Management LLC purchased a new position in American Water Works during the 1st quarter worth $29,000. Capital A Wealth Management LLC bought a new position in American Water Works in the fourth quarter worth approximately $33,000. Wayfinding Financial LLC bought a new stake in American Water Works during the first quarter valued at about $48,000. Millstone Evans Group LLC purchased a new position in American Water Works in the first quarter valued at about $55,000. Finally, Banque Transatlantique SA bought a new position in American Water Works in the fourth quarter worth about $46,000. Hedge funds and other institutional investors own 86.58% of the company's stock.

Insider Transactions at American Water Works

In other 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 sale, the chief accounting officer owned 7,572 shares in the company, valued at approximately $1,084,916.16. This trade represents a 27.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.11% of the company's stock.

Analyst Ratings Changes

AWK has been the subject of several analyst reports. Barclays decreased their price objective 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. Mizuho raised their price target 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. Evercore ISI raised 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 report on Friday, May 2nd. UBS Group lowered 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. Finally, Wall Street Zen lowered American Water Works from a "hold" rating to a "sell" rating in a research report on Wednesday, May 14th. 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 company. According to data from MarketBeat, the stock presently has an average rating of "Reduce" and a consensus price target of $143.30.

American Water Works Stock Up 0.1%

Shares of American Water Works stock traded up $0.0880 during trading hours on Friday, hitting $145.9580. The company had a trading volume of 963,948 shares, compared to its average volume of 1,632,087. 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 company has a market cap of $28.48 billion, a P/E ratio of 26.30, a price-to-earnings-growth ratio of 3.46 and a beta of 0.65. American Water Works Company, Inc. has a twelve month low of $118.74 and a twelve month high of $155.50. The company's 50-day moving average is $142.14 and its two-hundred day moving average is $141.24.

American Water Works (NYSE:AWK - Get Free Report) last announced 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 business 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%. American Water Works's quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.42 earnings per share. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. Analysts anticipate 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 declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 12th will be paid a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, August 12th. American Water Works's dividend payout ratio is 59.64%.

About American Water Works

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.