Belpointe Asset Management LLC Decreases Stake in American Water Works Company, Inc. $AWK

Key Points

• Belpointe Asset Management LLC has significantly reduced its stake in American Water Works, decreasing ownership by 61.5% to 2,837 shares, valued at approximately $395,000.
• In further adjustments, several other institutions have increased their holdings in American Water Works, with Farther Finance Advisors LLC raising their stake by 45.2% during the 1st quarter.
• American Water Works recently reported a quarterly EPS of $1.48, slightly missing estimates, while declaring a dividend payout of $0.8275 per share with a yield of 2.3%.

Belpointe Asset Management LLC lowered its stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 61.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,837 shares of the utilities provider's stock after selling 4,526 shares during the period. Belpointe Asset Management LLC's holdings in American Water Works were worth $395,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of AWK. Farther Finance Advisors LLC increased its stake in shares of American Water Works by 45.2% during the 1st quarter. Farther Finance Advisors LLC now owns 2,326 shares of the utilities provider's stock worth $342,000 after purchasing an additional 724 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of American Water Works by 39.9% during the 1st quarter. GAMMA Investing LLC now owns 4,171 shares of the utilities provider's stock worth $615,000 after purchasing an additional 1,189 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of American Water Works by 9.7% during the 1st quarter. Assenagon Asset Management S.A. now owns 133,254 shares of the utilities provider's stock worth $19,658,000 after purchasing an additional 11,761 shares during the last quarter. CX Institutional purchased a new stake in shares of American Water Works during the 1st quarter worth approximately $218,000. Finally, Capital Advisors Ltd. LLC increased its stake in shares of American Water Works by 56.1% during the 1st quarter. Capital Advisors Ltd. LLC now owns 640 shares of the utilities provider's stock worth $94,000 after purchasing an additional 230 shares during the last quarter. Hedge funds and other institutional investors own 86.58% of the company's stock.

American Water Works Stock Up 1.2%

Shares of NYSE:AWK opened at $142.78 on Friday. The firm has a fifty day moving average price of $140.87 and a two-hundred day moving average price of $142.16. 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 one year low of $118.74 and a one year high of $155.50. The company has a market cap of $27.86 billion, a price-to-earnings ratio of 25.73, a PEG ratio of 3.34 and a beta of 0.70.

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

American Water Works Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 12th were issued a $0.8275 dividend. This represents a $3.31 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, August 12th. American Water Works's dividend payout ratio (DPR) is presently 59.64%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Mizuho raised their price target on shares of American Water Works from $148.00 to $149.00 and gave the stock a "neutral" rating in a research note on Friday, August 1st. Argus raised their price objective on shares of American Water Works from $155.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. Barclays cut 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 report on Thursday, July 10th. UBS Group cut their price objective on shares of American Water Works from $156.00 to $151.00 and set a "neutral" rating for the company in a report on Tuesday, August 12th. Finally, Wells Fargo & Company cut their price objective on shares of 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. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $143.57.

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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