MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Holdings in American Water Works Company, Inc. $AWK

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in American Water Works by 15.1%, holding a total of 68,677 shares valued at approximately $10.13 million.
• Multiple institutional investors have also significantly boosted their holdings in American Water Works, with Price T Rowe Associates increasing its stake by 881.1%.
• Analyst ratings for American Water Works vary, with two analysts assigning a "Buy" rating while others have cut their price targets, leading to an average rating of "Reduce" and a target price of $143.30.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 15.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 68,677 shares of the utilities provider's stock after purchasing an additional 9,030 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in American Water Works were worth $10,131,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AWK. Cloud Capital Management LLC acquired a new stake in American Water Works in the first quarter valued at approximately $29,000. WPG Advisers LLC acquired a new stake in American Water Works in the first quarter valued at approximately $29,000. Capital A Wealth Management LLC acquired a new stake in American Water Works in the fourth quarter valued at approximately $33,000. Wayfinding Financial LLC acquired a new stake in American Water Works in the first quarter valued at approximately $48,000. Finally, Millstone Evans Group LLC acquired a new stake in American Water Works in the first quarter valued at approximately $55,000. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Stock Performance

Shares of American Water Works stock traded down $0.46 during trading on Friday, hitting $139.17. 994,551 shares of the company's stock were exchanged, compared to its average volume of 999,133. 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 has a 50-day simple moving average of $142.53 and a 200-day simple moving average of $142.61. American Water Works Company, Inc. has a 52-week low of $118.74 and a 52-week high of $155.50. The stock has a market capitalization of $27.15 billion, a price-to-earnings ratio of 25.08, a PEG ratio of 3.31 and a beta of 0.69.

American Water Works (NYSE:AWK - Get Free Report) last issued its earnings results on Wednesday, July 30th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.22 billion. During the same period last year, the business earned $1.42 EPS. The company's revenue for the quarter 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, research analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, August 12th. American Water Works's dividend payout ratio (DPR) is 59.64%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on AWK shares. UBS Group lowered their target price on shares of American Water Works from $156.00 to $151.00 and set a "neutral" rating for the company in a research note on Tuesday, August 12th. Mizuho raised their target price on shares of American Water Works from $148.00 to $149.00 and gave the company a "neutral" rating in a research note on Friday, August 1st. Barclays lowered 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 note on Thursday, July 10th. Wells Fargo & Company lowered 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. Finally, Argus lifted their price objective on shares of American Water Works from $155.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, August 14th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, American Water Works has a consensus rating of "Reduce" and an average price target of $143.30.

About American Water Works

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.