American Water Works Company, Inc. $AWK Shares Purchased by Groupama Asset Managment

Key Points

• Groupama Asset Management increased its stake in American Water Works by 114.3%, now owning over 1.5 million shares valued at approximately $2.3 million.
• American Water Works reported a quarterly EPS of $1.48, which was below analysts' expectations, though its revenue grew 11.1% year-over-year.
• The company has set a FY 2025 EPS guidance range between $5.700 and $5.750, while maintaining a quarterly dividend yield of 2.3%.

Groupama Asset Managment raised its stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 114.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,505,106 shares of the utilities provider's stock after acquiring an additional 802,639 shares during the quarter. Groupama Asset Managment owned approximately 0.77% of American Water Works worth $2,296,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Marshall Wace LLP acquired a new stake in shares of American Water Works during the fourth quarter worth $2,842,000. GeoWealth Management LLC raised its holdings in shares of American Water Works by 63.0% during the fourth quarter. GeoWealth Management LLC now owns 3,317 shares of the utilities provider's stock worth $413,000 after purchasing an additional 1,282 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of American Water Works by 2.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 757,697 shares of the utilities provider's stock worth $94,324,000 after purchasing an additional 14,808 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of American Water Works during the fourth quarter worth $799,000. Finally, Norinchukin Bank The raised its holdings in shares of American Water Works by 17.8% during the fourth quarter. Norinchukin Bank The now owns 10,482 shares of the utilities provider's stock worth $1,305,000 after purchasing an additional 1,586 shares during the period. 86.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. UBS Group dropped 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 report on Tuesday, August 12th. Argus increased their target price on shares of American Water Works from $155.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. Evercore ISI increased their target price on shares of American Water Works from $139.00 to $148.00 and gave the stock an "in-line" rating in a report on Friday, May 2nd. 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. Finally, Mizuho increased their price objective on shares of American Water Works from $148.00 to $149.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Reduce" and an average price target of $143.30.

American Water Works Stock Performance

Shares of AWK stock traded up $0.0880 during trading hours on Friday, reaching $145.9580. The stock had a trading volume of 963,948 shares, compared to its average volume of 1,632,087. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.35 and a quick ratio of 0.32. American Water Works Company, Inc. has a twelve month low of $118.74 and a twelve month high of $155.50. The firm has a 50-day simple moving average of $142.14 and a 200-day simple moving average of $141.12. The firm has a market capitalization of $28.48 billion, a PE ratio of 26.30, a price-to-earnings-growth ratio of 3.45 and a beta of 0.65.

American Water Works (NYSE:AWK - Get Free Report) last released its quarterly earnings data 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). 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 analyst estimates of $1.22 billion. During the same period last year, the business earned $1.42 EPS. The firm's revenue 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 analysts forecast that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 12th will be paid a dividend of $0.8275 per share. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $3.31 annualized dividend and a yield of 2.3%. American Water Works's dividend payout ratio (DPR) is presently 59.64%.

Insider Buying and Selling

In other American Water Works news, CAO Melissa K. Wikle sold 2,825 shares of the firm's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $143.28, for a total transaction of $404,766.00. Following the transaction, the chief accounting officer owned 7,572 shares of the company's stock, valued at approximately $1,084,916.16. This trade represents a 27.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.11% of the company's stock.

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.