1248 Management LLC Sells 2,178 Shares of American Water Works Company, Inc. $AWK

Key Points

• 1248 Management LLC reduced its stake in American Water Works by 33.7% during the first quarter, owning 4,276 shares worth approximately $631,000 after selling 2,178 shares.
• Analysts have a mixed outlook on American Water Works, with two analysts rating it as a Buy, six as Hold, and three as Sell, leading to an average price target of $143.30.
• American Water Works reported a missed earnings estimate of $1.48 per share for the last quarter, falling short of the expected $1.53, while its revenue grew 11.1% year-over-year.

1248 Management LLC trimmed its position in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 33.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,276 shares of the utilities provider's stock after selling 2,178 shares during the quarter. 1248 Management LLC's holdings in American Water Works were worth $631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Cloud Capital Management LLC acquired a new stake in shares of American Water Works during the 1st quarter valued at about $29,000. WPG Advisers LLC acquired a new stake in shares of American Water Works during the 1st quarter valued at about $29,000. Capital A Wealth Management LLC acquired a new stake in shares of American Water Works during the 4th quarter valued at about $33,000. Banque Transatlantique SA acquired a new stake in shares of American Water Works during the 4th quarter valued at about $46,000. Finally, Wayfinding Financial LLC bought a new stake in shares of American Water Works during the 1st quarter worth about $48,000. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Stock Performance

NYSE AWK traded up $1.90 during trading on Friday, hitting $143.47. The company's stock had a trading volume of 782,169 shares, compared to its average volume of 1,111,201. The company has a quick ratio of 0.32, a current ratio of 0.35 and a debt-to-equity ratio of 1.15. The firm has a 50 day moving average price of $142.60 and a 200 day moving average price of $142.37. The firm has a market cap of $27.99 billion, a P/E ratio of 25.85, a price-to-earnings-growth ratio of 3.35 and a beta of 0.69. American Water Works Company, Inc. has a 52 week low of $118.74 and a 52 week high of $155.50.

American Water Works (NYSE:AWK - Get Free Report) last issued its quarterly 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). The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.22 billion. American Water Works had a return on equity of 10.34% and a net margin of 21.91%.The business's quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.42 earnings per share. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. Equities research analysts forecast that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

American Water Works Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 12th were given a $0.8275 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 2.3%. American Water Works's dividend payout ratio (DPR) is currently 59.64%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AWK. Mizuho upped their price target on American Water Works from $148.00 to $149.00 and gave the stock a "neutral" rating in a research note on Friday, August 1st. UBS Group decreased their price target on American Water Works from $156.00 to $151.00 and set a "neutral" rating for the company in a research note on Tuesday, August 12th. Barclays decreased their price target on American Water Works from $138.00 to $128.00 and set an "underweight" rating for the company in a research note on Thursday, July 10th. Wells Fargo & Company decreased their price target on American Water Works from $147.00 to $141.00 and set an "equal weight" rating for the company in a research note on Friday, August 1st. Finally, Wall Street Zen downgraded American Water Works from a "hold" rating to a "sell" rating in a research note on Wednesday, May 14th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, American Water Works presently has an average rating of "Reduce" and an average price target of $143.30.

American Water Works 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.