ASR Vermogensbeheer N.V. Acquires 33,683 Shares of American Water Works Company, Inc. $AWK

Key Points

• ASR Vermogensbeheer N.V. increased its stake in American Water Works Company, Inc. by 7.7%, acquiring an additional 33,683 shares during the second quarter, bringing its total holdings to 473,394 shares.
• American Water Works reported $1.48 EPS for the last quarter, missing analysts' estimates by $0.05, even though revenue increased by 11.1% year-over-year.
• The company recently announced a quarterly dividend of $0.8275 per share, resulting in an annualized dividend yield of 2.4% with a payout ratio of 59.64%.

ASR Vermogensbeheer N.V. grew its holdings in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 7.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 473,394 shares of the utilities provider's stock after purchasing an additional 33,683 shares during the quarter. American Water Works comprises about 0.9% of ASR Vermogensbeheer N.V.'s investment portfolio, making the stock its 15th biggest position. ASR Vermogensbeheer N.V. owned approximately 0.24% of American Water Works worth $65,851,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of American Water Works in the second quarter worth about $28,000. Cloud Capital Management LLC bought a new position in shares of American Water Works in the 1st quarter valued at approximately $29,000. WPG Advisers LLC bought a new position in shares of American Water Works in the 1st quarter valued at approximately $29,000. Flaharty Asset Management LLC acquired a new stake in American Water Works in the 1st quarter worth approximately $30,000. Finally, Wayfinding Financial LLC bought a new stake in American Water Works during the first quarter worth approximately $48,000. Institutional investors and hedge funds own 86.58% of the company's stock.

American Water Works Price Performance

Shares of American Water Works stock opened at $136.11 on Thursday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.35 and a quick ratio of 0.32. The company has a market cap of $26.55 billion, a PE ratio of 24.52, a price-to-earnings-growth ratio of 3.30 and a beta of 0.70. The firm has a fifty day moving average price of $141.00 and a two-hundred day moving average price of $142.26. American Water Works Company, Inc. has a fifty-two week low of $118.74 and a fifty-two week high of $155.50.

American Water Works (NYSE:AWK - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.48 EPS for the quarter, missing analysts' consensus estimates 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 company 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 company posted $1.42 EPS. The firm's quarterly revenue 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. Analysts expect that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on AWK shares. UBS Group dropped their price target 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. Barclays lowered 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 note on Thursday, July 10th. Argus boosted 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. Mizuho raised their price target on American Water Works from $148.00 to $149.00 and gave the company a "neutral" rating in a research report on Friday, August 1st. Finally, Wells Fargo & Company dropped their price objective on American Water Works from $147.00 to $141.00 and set an "equal weight" rating on the stock in a research note on Friday, August 1st. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Reduce" and a consensus target price 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.