DRW Securities LLC Invests $3.83 Million in American Water Works Company, Inc. $AWK

Key Points

• DRW Securities LLC has acquired a new stake in American Water Works Company, purchasing 25,939 shares valued at approximately $3.83 million.
• American Water Works announced a quarterly dividend of $0.8275 per share, representing a 2.3% yield, with the ex-dividend date on August 12th.
• The company reported earnings of $1.48 per share for the latest quarter, missing expectations, but showing a year-over-year revenue increase of 11.1% to $1.28 billion.

DRW Securities LLC bought a new position in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 25,939 shares of the utilities provider's stock, valued at approximately $3,825,000.

Several other hedge funds also recently made changes to their positions in the business. Cloud Capital Management LLC acquired a new stake in shares of American Water Works during the 1st quarter worth $29,000. WPG Advisers LLC acquired a new stake in shares of American Water Works during the 1st quarter worth $29,000. Capital A Wealth Management LLC acquired a new stake in shares of American Water Works during the 4th quarter worth $33,000. Banque Transatlantique SA acquired a new stake in shares of American Water Works during the 4th quarter worth $46,000. Finally, Wayfinding Financial LLC acquired a new stake in shares of American Water Works during the 1st quarter worth $48,000. 86.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AWK has been the topic of several analyst reports. Wells Fargo & Company reduced their target price on American Water Works from $147.00 to $141.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. Argus raised 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. Mizuho raised their target price on American Water Works from $148.00 to $149.00 and gave the company a "neutral" rating in a report on Friday, August 1st. UBS Group lowered 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 research report on Tuesday, August 12th. Finally, Barclays lowered 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 research report on Thursday, July 10th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, American Water Works has an average rating of "Reduce" and a consensus target price of $143.30.

American Water Works Trading Up 0.6%

NYSE AWK traded up $0.86 on Thursday, reaching $141.56. The company had a trading volume of 526,055 shares, compared to its average volume of 1,406,888. The firm has a market cap of $27.62 billion, a price-to-earnings ratio of 25.51, a P/E/G ratio of 3.40 and a beta of 0.69. 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 of $142.43 and a two-hundred day moving average of $142.15. 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 issued its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.48 EPS for the quarter, missing analysts' consensus estimates of $1.53 by ($0.05). The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.22 billion. American Water Works had a net margin of 21.91% and a return on equity of 10.34%. The business's revenue was up 11.1% compared to the same quarter last year. During the same period last year, the company posted $1.42 EPS. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. Analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Dividend Announcement

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

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.