6,989 Shares in American Water Works Company, Inc. $AWK Acquired by Eventide Asset Management LLC

Key Points

• Eventide Asset Management LLC has acquired 6,989 shares of American Water Works Company, valued at approximately $1,022,000, in its recent SEC filing.
• American Water Works reported a net margin of 21.91% and a revenue increase of 11.1% year-over-year, although it missed earnings per share estimates.
• The company declared a quarterly dividend of $0.8275, yielding 2.3%, with a payout ratio of 59.64%.

Eventide Asset Management LLC acquired a new stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 6,989 shares of the utilities provider's stock, valued at approximately $1,022,000.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in American Water Works by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 25,248,263 shares of the utilities provider's stock worth $3,724,624,000 after buying an additional 141,038 shares in the last quarter. Pictet Asset Management Holding SA boosted its stake in American Water Works by 24.1% in the 1st quarter. Pictet Asset Management Holding SA now owns 4,532,131 shares of the utilities provider's stock worth $668,566,000 after purchasing an additional 878,951 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in 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 valued at $546,562,000 after buying an additional 3,327,352 shares in the last quarter. Northern Trust Corp raised its position in shares of American Water Works by 3.6% during the first quarter. Northern Trust Corp now owns 3,479,406 shares of the utilities provider's stock valued at $513,282,000 after buying an additional 121,680 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of American Water Works by 38.4% in the fourth quarter. Bank of America Corp DE now owns 2,695,734 shares of the utilities provider's stock worth $335,592,000 after buying an additional 747,316 shares in the last quarter. Institutional investors own 86.58% of the company's stock.

American Water Works Trading Up 0.0%

Shares of AWK stock traded up $0.05 during trading hours on Tuesday, reaching $140.07. 724,714 shares of the stock were exchanged, compared to its average volume of 1,402,717. The firm has a market capitalization of $27.33 billion, a price-to-earnings ratio of 25.24, a price-to-earnings-growth ratio of 3.40 and a beta of 0.69. American Water Works Company, Inc. has a 12-month low of $118.74 and a 12-month high of $155.50. The company's 50-day moving average price is $142.62 and its 200-day moving average price is $142.62. The company has a current ratio of 0.35, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15.

American Water Works (NYSE:AWK - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.48 earnings per share (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 business had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.22 billion. During the same quarter in the previous year, the firm earned $1.42 EPS. American Water Works's revenue was up 11.1% compared to the same quarter last year. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. As a group, equities analysts anticipate that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Announces Dividend

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

Wall Street Analyst Weigh In

AWK has been the subject of several research analyst reports. Barclays cut their target price on shares of American Water Works from $138.00 to $128.00 and set an "underweight" rating for the company in a research note on Thursday, July 10th. Mizuho lifted their target price on American Water Works from $148.00 to $149.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. Argus boosted their target price on American Water Works from $155.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Wells Fargo & Company cut their price target on 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. Finally, UBS Group reduced their price objective on American Water Works from $156.00 to $151.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 12th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, American Water Works currently has an average rating of "Reduce" and an average target price of $143.30.

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.