Lingohr Asset Management GmbH Purchases Shares of 2,000 American Water Works Company, Inc. $AWK

Key Points

• Lingohr Asset Management GmbH acquired 2,000 shares of American Water Works Company, Inc. for approximately $278,000 in the second quarter, as detailed in their latest SEC filing.
• Institutional investors now own 86.58% of American Water Works, with several funds boosting their holdings during the same period.
• American Water Works reported a net margin of 21.91% and a revenue increase of 11.1% year-over-year, although earnings per share fell short of analysts' expectations.

Lingohr Asset Management GmbH purchased a new stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,000 shares of the utilities provider's stock, valued at approximately $278,000.

A number of other hedge funds also recently bought and sold shares of the company. Mirabaud & Cie SA boosted its holdings in American Water Works by 10.8% during the second quarter. Mirabaud & Cie SA now owns 10,450 shares of the utilities provider's stock valued at $1,454,000 after acquiring an additional 1,015 shares during the period. Parallel Advisors LLC boosted its holdings in American Water Works by 19.4% during the second quarter. Parallel Advisors LLC now owns 5,610 shares of the utilities provider's stock valued at $780,000 after acquiring an additional 911 shares during the period. Wesbanco Bank Inc. boosted its holdings in American Water Works by 7.0% during the second quarter. Wesbanco Bank Inc. now owns 81,423 shares of the utilities provider's stock valued at $11,327,000 after acquiring an additional 5,292 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in American Water Works by 16.9% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 13,935 shares of the utilities provider's stock valued at $1,938,000 after acquiring an additional 2,012 shares during the period. Finally, Confluence Investment Management LLC boosted its holdings in American Water Works by 63.6% during the second quarter. Confluence Investment Management LLC now owns 875,483 shares of the utilities provider's stock valued at $121,788,000 after acquiring an additional 340,314 shares during the period. 86.58% of the stock is currently owned by institutional investors.

American Water Works Stock Performance

NYSE AWK opened at $139.17 on Monday. The firm has a market cap of $27.15 billion, a price-to-earnings ratio of 25.08, a PEG ratio of 3.30 and a beta of 0.69. The company has a 50 day moving average of $142.51 and a 200-day moving average of $142.74. 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 Company, Inc. has a 1-year low of $118.74 and a 1-year high of $155.50.

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 for the quarter, missing analysts' consensus estimates of $1.53 by ($0.05). The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.22 billion. American Water Works had a net margin of 21.91% and a return on equity of 10.34%. The business's revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.42 EPS. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. On average, equities analysts forecast 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. Investors of record on Tuesday, August 12th were issued a dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Tuesday, August 12th. American Water Works's dividend payout ratio (DPR) is presently 59.64%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AWK shares. Mizuho upped their price objective on shares of American Water Works from $148.00 to $149.00 and gave the company a "neutral" rating in a research report on Friday, August 1st. Barclays cut their price objective on shares of American Water Works from $138.00 to $128.00 and set an "underweight" rating for the company in a research report on Thursday, July 10th. Wells Fargo & Company cut 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 report on Friday, August 1st. Argus upped their price objective on shares of 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, UBS Group cut their price objective on shares of American Water Works from $156.00 to $151.00 and set a "neutral" rating for the company in a research report on Tuesday, August 12th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Reduce" and a consensus price target of $143.30.

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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