Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 64,400 Shares of American Water Works Company, Inc. $AWK

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in American Water Works by 312.4% in Q1, acquiring a total of 85,015 shares valued at approximately $12.54 million.
• The company reported a miss in quarterly earnings with $1.48 EPS against an expected $1.53, although revenue exceeded estimates at $1.28 billion.
• American Water Works announced a quarterly dividend of $0.8275 per share, reflecting an annualized dividend of $3.31 and a yield of 2.3%.

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 312.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,015 shares of the utilities provider's stock after purchasing an additional 64,400 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in American Water Works were worth $12,541,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AWK. Mariner LLC boosted its position in American Water Works by 22.6% during the fourth quarter. Mariner LLC now owns 101,978 shares of the utilities provider's stock worth $12,695,000 after purchasing an additional 18,770 shares during the period. CreativeOne Wealth LLC bought a new position in American Water Works during the fourth quarter worth $259,000. Guggenheim Capital LLC boosted its position in American Water Works by 5.9% during the fourth quarter. Guggenheim Capital LLC now owns 26,074 shares of the utilities provider's stock worth $3,246,000 after purchasing an additional 1,459 shares during the period. Jump Financial LLC boosted its position in American Water Works by 5.0% during the fourth quarter. Jump Financial LLC now owns 8,358 shares of the utilities provider's stock worth $1,040,000 after purchasing an additional 398 shares during the period. Finally, Zacks Investment Management boosted its position in American Water Works by 0.6% during the fourth quarter. Zacks Investment Management now owns 148,267 shares of the utilities provider's stock worth $18,458,000 after purchasing an additional 881 shares during the period. 86.58% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CAO Melissa K. Wikle sold 2,825 shares of the company's stock in a transaction dated Friday, May 30th. The shares were 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 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 through the SEC website. 0.11% of the stock is owned by corporate insiders.

American Water Works Stock Performance

Shares of American Water Works stock traded up $0.2410 during trading on Wednesday, reaching $145.4510. The company's stock had a trading volume of 1,107,423 shares, compared to its average volume of 1,652,327. The firm has a market cap of $28.38 billion, a PE ratio of 26.21, a P/E/G ratio of 3.44 and a beta of 0.65. The business's 50-day moving average price is $141.95 and its 200-day moving average price is $140.83. American Water Works Company, Inc. has a 52 week low of $118.74 and a 52 week high of $155.50. The company has a quick ratio of 0.32, a current ratio of 0.35 and a debt-to-equity ratio of 1.15.

American Water Works (NYSE:AWK - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.48 earnings per share 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 firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the company earned $1.42 EPS. The company's revenue for the quarter 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. Equities analysts forecast that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Tuesday, August 12th will be given 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 is currently 59.64%.

Analyst Ratings Changes

A number of research firms have commented on AWK. Barclays reduced their price objective on shares of American Water Works from $138.00 to $128.00 and set an "underweight" rating for the company in a research report on Thursday, July 10th. Wall Street Zen cut shares of American Water Works from a "hold" rating to a "sell" rating in a research report on Wednesday, May 14th. Mizuho boosted their target price on shares of American Water Works from $148.00 to $149.00 and gave the company a "neutral" rating in a research report on Friday, August 1st. UBS Group reduced their target price on shares of American Water Works from $156.00 to $151.00 and set a "neutral" rating for the company in a research report on Tuesday, August 12th. Finally, Evercore ISI boosted their target price on shares of 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 equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus target price 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.