Fort Washington Investment Advisors Inc. OH Has $4.85 Million Position in American Water Works Company, Inc. $AWK

Key Points

• Fort Washington Investment Advisors Inc. has reduced its position in American Water Works by 6.3%, owning 34,891 shares worth approximately $4.85 million after selling 2,347 shares in the second quarter.
• Analysts have varying opinions on American Water Works stock, with price targets ranging from $128.00 to $160.00, and the company currently holds an average rating of "Reduce" with a consensus target price of $141.13.
• American Water Works recently declared a quarterly dividend of $0.8275 per share, reflecting an annualized dividend of $3.31 and a yield of 2.4%.

Fort Washington Investment Advisors Inc. OH lessened its holdings in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 6.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,891 shares of the utilities provider's stock after selling 2,347 shares during the period. Fort Washington Investment Advisors Inc. OH's holdings in American Water Works were worth $4,854,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sumitomo Life Insurance Co. lifted its position in shares of American Water Works by 1.5% during the 1st quarter. Sumitomo Life Insurance Co. now owns 4,679 shares of the utilities provider's stock worth $690,000 after buying an additional 70 shares during the period. Sargent Investment Group LLC lifted its holdings in shares of American Water Works by 2.6% during the first quarter. Sargent Investment Group LLC now owns 2,795 shares of the utilities provider's stock valued at $412,000 after acquiring an additional 70 shares during the period. Private Trust Co. NA lifted its holdings in shares of American Water Works by 4.8% during the first quarter. Private Trust Co. NA now owns 1,607 shares of the utilities provider's stock valued at $237,000 after acquiring an additional 74 shares during the period. Foundations Investment Advisors LLC boosted its stake in shares of American Water Works by 5.0% in the 1st quarter. Foundations Investment Advisors LLC now owns 1,726 shares of the utilities provider's stock valued at $255,000 after purchasing an additional 82 shares in the last quarter. Finally, Principal Securities Inc. grew its holdings in shares of American Water Works by 1.4% in the 1st quarter. Principal Securities Inc. now owns 6,157 shares of the utilities provider's stock worth $908,000 after purchasing an additional 85 shares during the last quarter. Institutional investors own 86.58% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on AWK. Barclays cut their price target on shares of American Water Works from $138.00 to $128.00 and set an "underweight" rating for the company in a report on Thursday, July 10th. Argus lifted their target price on shares of American Water Works from $155.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. UBS Group decreased their price target on American Water Works from $156.00 to $151.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 12th. Wells Fargo & Company cut 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 report on Friday, August 1st. Finally, Mizuho boosted their price objective on American Water Works from $148.00 to $149.00 and gave the stock a "neutral" rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Reduce" and a consensus target price of $141.13.

American Water Works Trading Up 0.9%

NYSE:AWK opened at $136.32 on Monday. 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 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 $26.60 billion, a price-to-earnings ratio of 24.56, a PEG ratio of 3.23 and a beta of 0.69. The business's 50-day moving average price is $141.34 and its two-hundred day moving average price is $142.37.

American Water Works (NYSE:AWK - Get Free Report) last announced 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 company had revenue of $1.28 billion during 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 earned $1.42 earnings per share. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. On average, equities analysts expect that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Dividend Announcement

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. This represents a $3.31 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, August 12th. American Water Works's dividend payout ratio (DPR) is currently 59.64%.

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.

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