Foresight Group Ltd Liability Partnership Invests $18.66 Million in American Water Works Company, Inc. $AWK

Key Points

• Foresight Group Ltd Liability Partnership has invested approximately $18.66 million by purchasing 126,520 shares of American Water Works Company, Inc. in the first quarter, making it their 15th largest position.
• American Water Works reported $1.48 earnings per share for the latest quarter, slightly missing analysts' estimates, yet recorded an 11.1% year-over-year revenue growth.
• The company declared a quarterly dividend of $0.8275 per share, resulting in an annualized dividend yield of 2.4%, with a dividend payout ratio of 59.64%.

Foresight Group Ltd Liability Partnership purchased a new stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 126,520 shares of the utilities provider's stock, valued at approximately $18,664,000. American Water Works accounts for 2.7% of Foresight Group Ltd Liability Partnership's holdings, making the stock its 15th largest position. Foresight Group Ltd Liability Partnership owned about 0.06% of American Water Works as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Cloud Capital Management LLC bought a new position in American Water Works in the first quarter worth about $29,000. WPG Advisers LLC acquired a new stake in shares of American Water Works during the 1st quarter worth approximately $29,000. Flaharty Asset Management LLC bought a new stake in shares of American Water Works in the 1st quarter worth approximately $30,000. Capital A Wealth Management LLC acquired a new position in American Water Works during the 4th quarter valued at approximately $33,000. Finally, Wayfinding Financial LLC bought a new position in American Water Works during the 1st quarter worth $48,000. Institutional investors and hedge funds own 86.58% of the company's stock.

American Water Works Stock Performance

Shares of AWK opened at $138.53 on Thursday. The firm has a market capitalization of $27.03 billion, a PE ratio of 24.96, a P/E/G ratio of 3.32 and a beta of 0.69. The company has a quick ratio of 0.32, a current ratio of 0.35 and a debt-to-equity ratio of 1.15. The firm has a 50-day moving average price of $142.53 and a 200 day moving average price of $142.57. American Water Works Company, Inc. has a 52-week low of $118.74 and a 52-week high of $155.50.

American Water Works (NYSE:AWK - Get Free Report) last issued its quarterly earnings results 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). The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.22 billion. American Water Works had a return on equity of 10.34% and a net margin of 21.91%.The company's revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.42 earnings per share. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. On average, sell-side analysts anticipate that American Water Works Company, Inc. will post 5.71 earnings per share 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. Stockholders of record on Tuesday, August 12th were given a dividend of $0.8275 per share. The ex-dividend date was Tuesday, August 12th. This represents a $3.31 annualized dividend and a dividend yield of 2.4%. American Water Works's dividend payout ratio (DPR) is 59.64%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AWK. Argus raised their target price on American Water Works from $155.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. Barclays dropped their price objective on shares of American Water Works from $138.00 to $128.00 and set an "underweight" rating on the stock in a report on Thursday, July 10th. Wall Street Zen lowered shares of American Water Works from a "hold" rating to a "sell" rating in a research note on Wednesday, May 14th. Wells Fargo & Company dropped their price target on shares of American Water Works from $147.00 to $141.00 and set an "equal weight" rating on the stock in a research note on Friday, August 1st. Finally, UBS Group cut their price target 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. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus price target 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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