AMF Tjanstepension AB Acquires New Holdings in American Water Works Company, Inc. $AWK

Key Points

• AMF Tjanstepension AB has acquired a new stake of 102,532 shares in American Water Works Company, Inc. valued at approximately $14.27 million, resulting in a total ownership of about 0.05%.
• American Water Works reported earnings per share of $1.48 for the last quarter, missing estimates, yet its revenue of $1.28 billion exceeded analyst expectations by 11.1%.
• The company has declared a quarterly dividend of $0.8275 per share, translating to an annual yield of 2.4%, and maintains a dividend payout ratio of 59.64%.

AMF Tjanstepension AB acquired a new stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 102,532 shares of the utilities provider's stock, valued at approximately $14,270,000. AMF Tjanstepension AB owned approximately 0.05% of American Water Works as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in AWK. NBC Securities Inc. bought a new position in shares of American Water Works in the 1st quarter valued at approximately $110,000. Merit Financial Group LLC increased its position in American Water Works by 26.8% in the 1st quarter. Merit Financial Group LLC now owns 4,270 shares of the utilities provider's stock worth $630,000 after buying an additional 903 shares during the period. Cora Capital Advisors LLC bought a new position in American Water Works in the 1st quarter worth approximately $224,000. Procyon Advisors LLC increased its position in American Water Works by 5.9% in the 1st quarter. Procyon Advisors LLC now owns 2,502 shares of the utilities provider's stock worth $369,000 after buying an additional 139 shares during the period. Finally, First National Corp MA ADV increased its position in American Water Works by 82.0% in the 1st quarter. First National Corp MA ADV now owns 16,482 shares of the utilities provider's stock worth $2,431,000 after buying an additional 7,426 shares during the period. 86.58% of the stock is owned by institutional investors.

American Water Works Price Performance

Shares of NYSE:AWK opened at $137.97 on Friday. 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 capitalization of $26.92 billion, a PE ratio of 24.86, a PEG ratio of 3.21 and a beta of 0.70. The business's 50 day moving average is $140.86 and its 200-day moving average is $142.15. 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 announced 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 analyst estimates of $1.22 billion. During the same period in the previous year, the business posted $1.42 EPS. American Water Works'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. Sell-side analysts predict that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Tuesday, August 12th were issued a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, August 12th. American Water Works's dividend payout ratio (DPR) is currently 59.64%.

Analyst Ratings Changes

Several research analysts have commented on AWK shares. Barclays dropped their price target on American Water Works from $138.00 to $128.00 and set an "underweight" rating on the stock in a research report on Thursday, July 10th. Wells Fargo & Company dropped their price target on American Water Works from $147.00 to $141.00 and set an "equal weight" rating on the stock in a research report on Friday, August 1st. UBS Group dropped their price target on American Water Works from $156.00 to $151.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 12th. Argus lifted their price target on American Water Works from $155.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of American Water Works in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, American Water Works has an average rating of "Reduce" and an average price target of $141.13.

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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