Boston Family Office LLC Purchases 1,943 Shares of American Water Works Company, Inc. $AWK

Key Points

• Boston Family Office LLC increased its holdings in American Water Works by 27.5%, now owning 9,009 shares valued at approximately $1.33 million.
• American Water Works reported quarterly earnings of $1.48 per share, falling short of estimates, but revenue increased by 11.1% year-over-year to $1.28 billion.
• The company announced a quarterly dividend of $0.8275, which is expected to yield 2.3% annually, with a payout ratio of 59.64%.

Boston Family Office LLC lifted its holdings in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 27.5% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,009 shares of the utilities provider's stock after buying an additional 1,943 shares during the period. Boston Family Office LLC's holdings in American Water Works were worth $1,329,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. PFG Advisors raised its holdings in shares of American Water Works by 33.4% during the 1st quarter. PFG Advisors now owns 9,699 shares of the utilities provider's stock worth $1,431,000 after buying an additional 2,429 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in American Water Works by 2.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 124,352 shares of the utilities provider's stock worth $18,344,000 after purchasing an additional 2,570 shares in the last quarter. Brown Advisory Inc. increased its holdings in American Water Works by 2.2% in the 1st quarter. Brown Advisory Inc. now owns 10,547 shares of the utilities provider's stock worth $1,556,000 after purchasing an additional 229 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in American Water Works by 45.2% in the 1st quarter. Farther Finance Advisors LLC now owns 2,326 shares of the utilities provider's stock worth $342,000 after purchasing an additional 724 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its holdings in American Water Works by 21.5% in the 1st quarter. Oppenheimer & Co. Inc. now owns 7,692 shares of the utilities provider's stock worth $1,135,000 after purchasing an additional 1,359 shares in the last quarter. Institutional investors and hedge funds own 86.58% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on AWK shares. Argus upped their target price on American Water Works from $155.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. 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. 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. UBS Group lowered their target price on American Water Works from $156.00 to $151.00 and set a "neutral" rating for the company in a report on Tuesday, August 12th. Finally, Evercore ISI upped their price target on American Water Works from $139.00 to $148.00 and gave the company 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 issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, American Water Works presently has an average rating of "Reduce" and an average target price of $143.30.

American Water Works Trading Up 0.1%

NYSE AWK traded up $0.1320 during trading hours on Thursday, hitting $145.7520. 848,879 shares of the company's stock were exchanged, compared to its average volume of 1,428,310. The stock has a 50-day simple moving average of $141.95 and a 200 day simple moving average of $140.83. American Water Works Company, Inc. has a 1-year low of $118.74 and a 1-year high of $155.50. The firm has a market cap of $28.44 billion, a price-to-earnings ratio of 26.26, a PEG ratio of 3.44 and a beta of 0.65. The company has a current ratio of 0.35, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15.

American Water Works (NYSE:AWK - Get Free Report) last released 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 return on equity of 10.34% and a net margin of 21.91%.The business 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 business earned $1.42 EPS. 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. On average, equities 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 will be paid on Wednesday, September 3rd. Investors of record on Tuesday, August 12th will be paid a dividend of $0.8275 per share. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $3.31 annualized dividend and a yield of 2.3%. American Water Works's dividend payout ratio (DPR) is currently 59.64%.

Insider Buying and Selling

In related news, CAO Melissa K. Wikle sold 2,825 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $143.28, for a total transaction of $404,766.00. Following the completion of the sale, the chief accounting officer owned 7,572 shares of the company's stock, valued at $1,084,916.16. This trade represents a 27.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.11% of the stock is owned by corporate insiders.

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.