ARS Wealth Advisors Group LLC Takes $316,000 Position in American Water Works Company, Inc. $AWK

Key Points

• ARS Wealth Advisors Group LLC has acquired a new position in American Water Works, purchasing 2,272 shares valued at approximately $316,000.
• Brokerages have varying ratings on American Water Works, with one analyst rating it a Buy and others assigning Hold or Sell ratings, reflecting diverse sentiment on the stock's performance.
• American Water Works recently announced a quarterly dividend of $0.8275 per share, representing an annual yield of 2.4%.

ARS Wealth Advisors Group LLC purchased a new position in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,272 shares of the utilities provider's stock, valued at approximately $316,000.

Several other hedge funds also recently modified their holdings of AWK. Price T Rowe Associates Inc. MD boosted its stake in shares of American Water Works by 881.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,704,995 shares of the utilities provider's stock worth $546,562,000 after purchasing an additional 3,327,352 shares during the last quarter. Pictet Asset Management Holding SA boosted its position in shares of American Water Works by 24.1% in the first quarter. Pictet Asset Management Holding SA now owns 4,532,131 shares of the utilities provider's stock worth $668,566,000 after acquiring an additional 878,951 shares during the last quarter. Groupama Asset Managment boosted its position in shares of American Water Works by 114.3% in the first quarter. Groupama Asset Managment now owns 1,505,106 shares of the utilities provider's stock worth $2,296,000 after acquiring an additional 802,639 shares during the last quarter. Nuveen LLC acquired a new stake in shares of American Water Works in the first quarter worth approximately $103,053,000. Finally, GAMMA Investing LLC boosted its position in shares of American Water Works by 20,534.0% in the first quarter. GAMMA Investing LLC now owns 615,306 shares of the utilities provider's stock worth $90,770,000 after acquiring an additional 612,324 shares during the last quarter. 86.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

American Water Works Trading Up 0.0%

AWK stock traded up $0.03 during midday trading on Monday, reaching $135.09. 1,021,461 shares of the company's stock traded hands, compared to its average volume of 1,084,600. The company has a market capitalization of $26.36 billion, a P/E ratio of 24.34, a PEG ratio of 3.20 and a beta of 0.69. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.35 and a quick ratio of 0.32. American Water Works Company, Inc. has a fifty-two week low of $118.74 and a fifty-two week high of $155.50. The business has a 50-day moving average price of $141.80 and a two-hundred day moving average price of $142.59.

American Water Works (NYSE:AWK - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.48 earnings per share for the quarter, missing analysts' consensus estimates of $1.53 by ($0.05). The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.22 billion. American Water Works had a net margin of 21.91% and a return on equity of 10.34%. The company's quarterly revenue was up 11.1% on a year-over-year basis. During the same period last 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 EPS for the current fiscal year.

American Water Works Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 12th were paid a dividend of $0.8275 per share. The ex-dividend date was Tuesday, August 12th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 2.5%. American Water Works's dividend payout ratio (DPR) is currently 59.64%.

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.