Archford Capital Strategies LLC Sells 12,606 Shares of American Water Works Company, Inc. $AWK

Key Points

• Archford Capital Strategies LLC reduced its stake in American Water Works by 65.5%, selling 12,606 shares during the second quarter and leaving it with 6,628 shares valued at $922,000.
• American Water Works reported $1.48 EPS for the quarter, missing estimates by $0.05, despite a revenue increase of 11.1% year-over-year.
• The firm declared a quarterly dividend of $0.8275, resulting in an annualized dividend yield of 2.4% and has set FY 2025 EPS guidance between 5.700-5.750.

Archford Capital Strategies LLC cut its stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 65.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,628 shares of the utilities provider's stock after selling 12,606 shares during the quarter. Archford Capital Strategies LLC's holdings in American Water Works were worth $922,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its holdings in shares of American Water Works by 3.6% during the second quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 33,975 shares of the utilities provider's stock valued at $4,726,000 after acquiring an additional 1,178 shares during the period. GC Wealth Management RIA LLC bought a new position in shares of American Water Works during the second quarter valued at $292,000. Sound Income Strategies LLC lifted its holdings in shares of American Water Works by 1,577.3% during the second quarter. Sound Income Strategies LLC now owns 1,627 shares of the utilities provider's stock valued at $226,000 after acquiring an additional 1,530 shares during the period. Cahaba Wealth Management Inc. lifted its holdings in shares of American Water Works by 0.7% during the second quarter. Cahaba Wealth Management Inc. now owns 21,171 shares of the utilities provider's stock valued at $2,945,000 after acquiring an additional 138 shares during the period. Finally, Signaturefd LLC lifted its holdings in shares of American Water Works by 12.4% during the second quarter. Signaturefd LLC now owns 5,890 shares of the utilities provider's stock valued at $819,000 after acquiring an additional 652 shares during the period. 86.58% of the stock is owned by institutional investors.

American Water Works Price Performance

American Water Works stock opened at $136.94 on Tuesday. The company has a current ratio of 0.35, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The business has a 50-day moving average of $141.23 and a 200-day moving average of $142.32. 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 $26.72 billion, a P/E ratio of 24.67, a PEG ratio of 3.23 and a beta of 0.69.

American Water Works (NYSE:AWK - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.05). American Water Works had a net margin of 21.91% and a return on equity of 10.34%. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the firm posted $1.42 earnings per share. 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. On average, equities analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors 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 annualized dividend and a dividend yield of 2.4%. American Water Works's payout ratio is currently 59.64%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Argus lifted their price objective on American Water Works from $155.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, August 14th. UBS Group cut their price target 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. Wells Fargo & Company cut their price target 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. Barclays cut their price target 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. Finally, Mizuho lifted their price target on American Water Works from $148.00 to $149.00 and gave the company a "neutral" rating in a report on Friday, August 1st. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Reduce" and an average price target of $141.13.

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.

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