Boston Trust Walden Corp Boosts Position in American Water Works Company, Inc. $AWK

Key Points

• Boston Trust Walden Corp increased its stake in American Water Works by 7.7%, owning 100,322 shares valued at approximately $13.96 million at the end of the 2nd quarter.
• American Water Works reported a quarterly earnings miss with EPS of $1.48, below the analyst consensus estimate of $1.53, but had year-over-year revenue growth of 11.1% to $1.28 billion.
• The company issued a quarterly dividend of $0.8275 per share, resulting in an annualized dividend yield of 2.3% and a payout ratio of 59.64%.

Boston Trust Walden Corp increased its holdings in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 7.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 100,322 shares of the utilities provider's stock after purchasing an additional 7,149 shares during the quarter. Boston Trust Walden Corp owned approximately 0.05% of American Water Works worth $13,956,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its stake in American Water Works by 45.2% in the first quarter. Farther Finance Advisors LLC now owns 2,326 shares of the utilities provider's stock valued at $342,000 after buying an additional 724 shares during the last quarter. GAMMA Investing LLC lifted its stake in American Water Works by 39.9% in the first quarter. GAMMA Investing LLC now owns 4,171 shares of the utilities provider's stock valued at $615,000 after buying an additional 1,189 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in American Water Works by 2.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 124,352 shares of the utilities provider's stock valued at $18,344,000 after buying an additional 2,570 shares during the last quarter. Brown Miller Wealth Management LLC purchased a new stake in American Water Works in the first quarter valued at approximately $238,000. Finally, Sowell Financial Services LLC purchased a new stake in American Water Works in the first quarter valued at approximately $852,000. Hedge funds and other institutional investors own 86.58% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Mizuho boosted their price objective on American Water Works from $148.00 to $149.00 and gave the company a "neutral" rating in a research note on Friday, August 1st. Wells Fargo & Company reduced their price objective on American Water Works from $147.00 to $141.00 and set an "equal weight" rating for the company in a research note on Friday, August 1st. Argus boosted their target price on American Water Works from $155.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, August 14th. Barclays dropped their target price on American Water Works from $138.00 to $128.00 and set an "underweight" rating on the stock in a report on Thursday, July 10th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of American Water Works in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, American Water Works presently has a consensus rating of "Hold" and an average target price of $143.57.

American Water Works Trading Up 1.4%

Shares of AWK stock opened at $141.54 on Wednesday. The business's fifty day moving average price is $140.72 and its 200 day moving average price is $142.11. 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 $27.61 billion, a PE ratio of 25.50, a P/E/G ratio of 3.35 and a beta of 0.70. 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 (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 analysts' consensus estimates 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 business 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 earned $1.42 EPS. The company's 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. As a group, sell-side analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal 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 issued a dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, August 12th. American Water Works's dividend payout ratio is currently 59.64%.

American Water Works 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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