GC Wealth Management RIA LLC Invests $292,000 in American Water Works Company, Inc. $AWK

Key Points

• GC Wealth Management RIA LLC has invested $292,000 in American Water Works Company, acquiring 2,100 shares during the second quarter.
• American Water Works reported a missed earnings estimate for the quarter with EPS of $1.48, below the expected $1.53, but revenue increased by 11.1% year-over-year.
• The company recently announced a quarterly dividend of $0.8275, reflecting a 2.4% dividend yield for investors.

GC Wealth Management RIA LLC purchased a new position in American Water Works Company, Inc. (NYSE:AWK - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,100 shares of the utilities provider's stock, valued at approximately $292,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of American Water Works in the 2nd quarter worth $28,000. WPG Advisers LLC purchased a new position in American Water Works during the first quarter valued at $29,000. Flaharty Asset Management LLC purchased a new position in American Water Works during the first quarter valued at $30,000. Cloud Capital Management LLC purchased a new position in American Water Works during the first quarter valued at $29,000. Finally, Wayfinding Financial LLC purchased a new position in American Water Works during the first quarter valued at $48,000. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

American Water Works Trading Down 2.2%

Shares of AWK stock opened at $136.11 on Thursday. American Water Works Company, Inc. has a 12-month low of $118.74 and a 12-month high of $155.50. The company has a current ratio of 0.35, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The stock's 50-day moving average price is $141.00 and its 200-day moving average price is $142.26. The stock has a market capitalization of $26.55 billion, a price-to-earnings ratio of 24.52, a price-to-earnings-growth ratio of 3.30 and a beta of 0.70.

American Water Works (NYSE:AWK - Get Free Report) last issued its earnings results on Wednesday, July 30th. The utilities provider reported $1.48 earnings per share (EPS) 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 firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the firm posted $1.42 earnings per share. The company's revenue for the quarter 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. Equities research analysts predict that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on AWK shares. Wells Fargo & Company lowered their target price on American Water Works from $147.00 to $141.00 and set an "equal weight" rating on the stock in a research report on Friday, August 1st. Barclays lowered their target price on American Water Works from $138.00 to $128.00 and set an "underweight" rating on the stock in a research report on Thursday, July 10th. Mizuho lifted their target price on American Water Works from $148.00 to $149.00 and gave the company a "neutral" rating in a research report on Friday, August 1st. UBS Group lowered their target price 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. Finally, Argus raised their price target on American Water Works from $155.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, August 14th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Reduce" and an average price target 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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