New England Research & Management Inc. Takes Position in American Water Works Company, Inc. $AWK

Key Points

• New England Research & Management Inc. acquired 13,500 shares of American Water Works, valued at approximately $1,878,000, marking a new position in the company.
• American Water Works experienced a 1.2% decline in share price, with a market cap of $26.84 billion and a 12-month high of $155.50.
• The company reported $1.48 earnings per share for the last quarter, missing analyst expectations, but had revenue growth of 11.1% year-over-year.

New England Research & Management Inc. acquired a new stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 13,500 shares of the utilities provider's stock, valued at approximately $1,878,000.

Several other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of American Water Works by 0.6% in the first quarter. Vanguard Group Inc. now owns 25,248,263 shares of the utilities provider's stock worth $3,724,624,000 after buying an additional 141,038 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in American Water Works by 24.1% during the first quarter. Pictet Asset Management Holding SA now owns 4,532,131 shares of the utilities provider's stock valued at $668,566,000 after buying an additional 878,951 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of American Water Works by 881.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,704,995 shares of the utilities provider's stock worth $546,562,000 after purchasing an additional 3,327,352 shares during the period. Northern Trust Corp boosted its position in shares of American Water Works by 3.6% in the first quarter. Northern Trust Corp now owns 3,479,406 shares of the utilities provider's stock worth $513,282,000 after purchasing an additional 121,680 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of American Water Works by 16.1% during the first quarter. Goldman Sachs Group Inc. now owns 2,134,358 shares of the utilities provider's stock worth $314,861,000 after acquiring an additional 295,928 shares during the last quarter. Institutional investors own 86.58% of the company's stock.

American Water Works Trading Down 1.2%

Shares of NYSE AWK opened at $137.58 on Tuesday. American Water Works Company, Inc. has a 12 month low of $118.74 and a 12 month high of $155.50. The company has a market cap of $26.84 billion, a price-to-earnings ratio of 24.79, a P/E/G ratio of 3.30 and a beta of 0.69. 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 business has a fifty day simple moving average of $142.47 and a 200-day simple moving average of $142.75.

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 business had revenue of $1.28 billion for 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 firm's quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.42 earnings per share. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. Sell-side analysts predict that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on AWK shares. Barclays reduced their target price on shares of 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. Mizuho raised their price target 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. 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. Argus raised their price target on shares of American Water Works from $155.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Finally, Wells Fargo & Company cut their target price on shares of American Water Works from $147.00 to $141.00 and set an "equal weight" rating for the company in a report on Friday, August 1st. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus target price 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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