Meiji Yasuda Life Insurance Co Increases Position in American Water Works Company, Inc. $AWK

Key Points

• Meiji Yasuda Life Insurance Co has increased its stake in American Water Works Company by 20.2%, acquiring an additional 2,210 shares, bringing its total holdings to 13,128 shares valued at approximately $1.94 million.
• American Water Works reported Q2 earnings of $1.48 per share, missing estimates by $0.05, but its revenue increased by 11.1% year-over-year, reaching $1.28 billion.
• The company announced a quarterly dividend of $0.8275, representing an annualized dividend yield of 2.3% with a payout ratio of 59.64%.

Meiji Yasuda Life Insurance Co lifted its stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 20.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,128 shares of the utilities provider's stock after acquiring an additional 2,210 shares during the period. Meiji Yasuda Life Insurance Co's holdings in American Water Works were worth $1,937,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. WPG Advisers LLC bought a new position in shares of American Water Works in the 1st quarter worth $29,000. Cloud Capital Management LLC bought a new position in shares of American Water Works in the 1st quarter worth $29,000. Capital A Wealth Management LLC bought a new position in shares of American Water Works in the 4th quarter worth $33,000. Wayfinding Financial LLC bought a new position in shares of American Water Works in the 1st quarter worth $48,000. Finally, Millstone Evans Group LLC bought a new position in shares of American Water Works in the 1st quarter worth $55,000. 86.58% of the stock is owned by institutional investors.

American Water Works Stock Up 1.3%

American Water Works stock opened at $143.47 on Monday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.35. The business's 50-day simple moving average is $142.60 and its two-hundred day simple moving average is $142.57. The company has a market cap of $27.99 billion, a PE ratio of 25.85, a PEG ratio of 3.40 and a beta of 0.69. American Water Works Company, Inc. has a fifty-two week low of $118.74 and a fifty-two week high of $155.50.

American Water Works (NYSE:AWK - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.05). The firm had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.22 billion. American Water Works had a net margin of 21.91% and a return on equity of 10.34%. The firm's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.42 EPS. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. Equities analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 12th were paid a $0.8275 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 2.3%. American Water Works's dividend payout ratio is presently 59.64%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Argus boosted their target price on American Water Works from $155.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, August 14th. UBS Group dropped their target price on American Water Works from $156.00 to $151.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 12th. Mizuho boosted their target price on American Water Works from $148.00 to $149.00 and gave the stock a "neutral" rating in a research note on Friday, August 1st. Wall Street Zen downgraded American Water Works from a "hold" rating to a "sell" rating in a research note on Wednesday, May 14th. Finally, Barclays dropped their target price on American Water Works from $138.00 to $128.00 and set an "underweight" rating on the stock in a research note on Thursday, July 10th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, American Water Works 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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