First National Corp MA ADV Has $1.80 Million Stock Position in American Water Works Company, Inc. $AWK

Key Points

• First National Corp MA ADV reduced its position in American Water Works by 21.5% during Q2, holding 12,931 shares valued at approximately $1.80 million.
• American Water Works reported a quarterly earnings miss of $1.48 per share, falling short of the $1.53 consensus estimate, despite revenue growth of 11.1% year-over-year.
• The company recently declared a quarterly dividend of $0.8275 per share, translating to an annualized dividend of $3.31 and a yield of 2.4%.

First National Corp MA ADV decreased its stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 21.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,931 shares of the utilities provider's stock after selling 3,551 shares during the quarter. First National Corp MA ADV's holdings in American Water Works were worth $1,799,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. PFG Advisors increased its holdings in shares of American Water Works by 33.4% during the 1st quarter. PFG Advisors now owns 9,699 shares of the utilities provider's stock worth $1,431,000 after acquiring an additional 2,429 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of American Water Works by 2.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 124,352 shares of the utilities provider's stock worth $18,344,000 after acquiring an additional 2,570 shares during the last quarter. Brown Advisory Inc. increased its holdings in shares of American Water Works by 2.2% during the 1st quarter. Brown Advisory Inc. now owns 10,547 shares of the utilities provider's stock worth $1,556,000 after acquiring an additional 229 shares during the last quarter. Farther Finance Advisors LLC increased its holdings 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 acquiring an additional 724 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of American Water Works by 21.5% during the 1st quarter. Oppenheimer & Co. Inc. now owns 7,692 shares of the utilities provider's stock worth $1,135,000 after acquiring an additional 1,359 shares during the last quarter. Institutional investors and hedge funds own 86.58% of the company's stock.

American Water Works Price Performance

Shares of AWK stock opened at $137.58 on Tuesday. The company has a quick ratio of 0.32, a current ratio of 0.35 and a debt-to-equity ratio of 1.15. American Water Works Company, Inc. has a twelve month low of $118.74 and a twelve month high of $155.50. The company has a market cap of $26.84 billion, a P/E ratio of 24.79, a P/E/G ratio of 3.30 and a beta of 0.69. The business has a fifty day simple moving average of $142.47 and a 200 day simple moving average of $142.75.

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 the consensus estimate 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 the consensus estimate of $1.22 billion. During the same quarter in the prior year, the company earned $1.42 earnings per share. American Water Works's quarterly 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. On average, sell-side analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Tuesday, August 12th were given 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 was Tuesday, August 12th. American Water Works's dividend payout ratio is currently 59.64%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. UBS Group decreased their target price on American Water Works from $156.00 to $151.00 and set a "neutral" rating on the stock in a report on Tuesday, August 12th. Mizuho boosted 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. Barclays decreased 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. Argus upped their price objective on American Water Works from $155.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, August 14th. Finally, Wells Fargo & Company decreased their price objective 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. Two 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 stock. According to MarketBeat, the stock currently has an average rating of "Reduce" and a consensus target price of $143.30.

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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