IMS Capital Management Purchases New Position in American Water Works Company, Inc. $AWK

Key Points

• IMS Capital Management has taken a new position in American Water Works Company, acquiring 2,880 shares valued at approximately $401,000. This reflects a growing interest among institutional investors in the company.
• American Water Works reported Q2 earnings of $1.48 per share, missing analysts' expectations, while its revenue of $1.28 billion exceeded forecasts and showed an 11.1% year-over-year growth.
• The company recently announced a quarterly dividend of $0.8275 per share, representing an annualized dividend of $3.31 and yielding approximately 2.4% for investors.

IMS Capital Management acquired a new position in American Water Works Company, Inc. (NYSE:AWK - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,880 shares of the utilities provider's stock, valued at approximately $401,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group bought a new position in shares of American Water Works during the 2nd quarter worth $28,000. WPG Advisers LLC bought a new stake in shares of American Water Works in the first quarter valued at about $29,000. Flaharty Asset Management LLC purchased a new stake in American Water Works in the first quarter worth about $30,000. Cloud Capital Management LLC purchased a new stake in American Water Works in the first quarter worth about $29,000. Finally, Capital A Wealth Management LLC bought a new position in American Water Works during the 4th quarter worth about $33,000. 86.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. UBS Group reduced their price target on shares of American Water Works from $156.00 to $151.00 and set a "neutral" rating for the company in a report on Tuesday, August 12th. Mizuho lifted their price objective 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. Wells Fargo & Company reduced their price objective on shares of 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. Argus increased their target price on American Water Works from $155.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday, August 14th. Finally, Barclays cut 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. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and an average price target of $141.13.

American Water Works Trading Up 1.5%

NYSE:AWK opened at $137.02 on Wednesday. The stock has a market capitalization 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 Company, Inc. has a 52 week low of $118.74 and a 52 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 has a 50 day moving average of $141.72 and a 200 day moving average of $142.55.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.53 by ($0.05). The business had revenue of $1.28 billion for 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 business's revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.42 earnings per share. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. As a group, 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 12th were issued 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 is 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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