GAMMA Investing LLC Boosts Holdings in American Water Works Company, Inc. $AWK

Key Points

• GAMMA Investing LLC significantly increased its ownership of American Water Works Company, Inc. by 59.7%, acquiring a total of 6,663 shares valued at approximately $927,000.
• American Water Works reported $1.48 EPS for the latest quarter, missing analyst expectations, but its revenue increased by 11.1% year-over-year, reaching $1.28 billion.
• The company declared a quarterly dividend of $0.8275, representing an annualized payout of $3.31 and a dividend yield of 2.4%.

GAMMA Investing LLC increased its stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 59.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,663 shares of the utilities provider's stock after acquiring an additional 2,492 shares during the quarter. GAMMA Investing LLC's holdings in American Water Works were worth $927,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of American Water Works during the second quarter worth about $28,000. Cloud Capital Management LLC acquired a new stake in shares of American Water Works in the 1st quarter valued at about $29,000. WPG Advisers LLC purchased a new position in American Water Works during the 1st quarter worth approximately $29,000. Flaharty Asset Management LLC acquired a new position in American Water Works during the first quarter worth approximately $30,000. Finally, Capital A Wealth Management LLC purchased a new stake in American Water Works in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 86.58% of the company's stock.

American Water Works Stock Up 1.5%

Shares of NYSE:AWK opened at $137.02 on Wednesday. American Water Works Company, Inc. has a fifty-two week low of $118.74 and a fifty-two week high of $155.50. 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's 50-day simple moving average is $141.72 and its 200-day simple moving average is $142.55. The company has a market cap of $26.73 billion, a price-to-earnings ratio of 24.69, a PEG ratio of 3.20 and a beta of 0.69.

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

American Water Works Announces Dividend

The firm also recently declared 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 was Tuesday, August 12th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 2.4%. American Water Works's payout ratio is 59.64%.

Analyst Ratings Changes

AWK has been the topic of a number of research reports. UBS Group lowered their target price on shares of 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. Argus raised their price objective on shares of American Water Works from $155.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Mizuho upped their target price on shares of American Water Works from $148.00 to $149.00 and gave the company a "neutral" rating in a report on Friday, August 1st. Barclays lowered their price target 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. Finally, Wells Fargo & Company reduced 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 note on Friday, August 1st. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus target price of $141.13.

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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