Janney Montgomery Scott LLC Sells 10,278 Shares of American Water Works Company, Inc. $AWK

Key Points

• Janney Montgomery Scott LLC reduced its stake in American Water Works by 10.3% to 89,612 shares, valued at $12.47 million after selling 10,278 shares in the second quarter.
• American Water Works reported earnings of $1.48 EPS, missing estimates by $0.05, but achieved a revenue of $1.28 billion, exceeding expectations.
• The company announced a quarterly dividend of $0.8275 per share, reflecting an annualized yield of 2.4% and a payout ratio of 59.64%.

Janney Montgomery Scott LLC lowered its stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 10.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,612 shares of the utilities provider's stock after selling 10,278 shares during the quarter. Janney Montgomery Scott LLC's holdings in American Water Works were worth $12,466,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Oliver Lagore Vanvalin Investment Group acquired a new stake in American Water Works during the second quarter worth approximately $28,000. WPG Advisers LLC acquired a new stake in shares of American Water Works in the 1st quarter valued at $29,000. Flaharty Asset Management LLC acquired a new stake in shares of American Water Works in the 1st quarter valued at $30,000. Cloud Capital Management LLC acquired a new stake in shares of American Water Works in the 1st quarter valued at $29,000. Finally, Wayfinding Financial LLC acquired a new stake in shares of American Water Works in the 1st quarter valued at $48,000. Institutional investors and hedge funds own 86.58% of the company's stock.

American Water Works Trading Up 1.8%

NYSE AWK opened at $137.97 on Friday. The business's 50-day moving average price is $140.86 and its two-hundred day moving average price is $142.15. American Water Works Company, Inc. has a 12 month low of $118.74 and a 12 month high of $155.50. The firm has a market capitalization of $26.92 billion, a PE ratio of 24.86, a price-to-earnings-growth ratio of 3.21 and a beta of 0.70. 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 (NYSE:AWK - Get Free Report) last released 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). American Water Works had a net margin of 21.91% and a return on equity of 10.34%. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the firm posted $1.42 EPS. The company's quarterly 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. On average, analysts expect that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 12th were given a $0.8275 dividend. The ex-dividend date of this dividend 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 (DPR) is 59.64%.

Analysts Set New Price Targets

A number of brokerages have weighed in on AWK. Mizuho raised their target price on American Water Works from $148.00 to $149.00 and gave the company a "neutral" rating in a report on Friday, August 1st. Argus increased their price target on American Water Works from $155.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. Wells Fargo & Company dropped their price target 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. Weiss Ratings reiterated a "hold (c+)" rating on shares of American Water Works in a research note on Saturday, September 27th. Finally, Barclays dropped their price target on American Water Works from $138.00 to $128.00 and set an "underweight" rating for the company in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus target price of $141.13.

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.

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