American Water Works Company, Inc. $AWK Shares Bought by NewEdge Advisors LLC

Key Points

• NewEdge Advisors LLC increased its holdings in American Water Works Company, Inc. by 29.3%, owning 15,655 shares valued at approximately $2.3 million after acquiring additional shares in the first quarter.
• American Water Works announced a quarterly dividend of $0.8275 per share, translating to an annual yield of 2.4%, with a payout ratio of 59.64%.
• The company reported a quarterly EPS of $1.48, which was below the consensus estimate of $1.53, while its revenue of $1.28 billion exceeded expectations, showcasing an 11.1% year-over-year growth.

NewEdge Advisors LLC raised its stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 29.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 15,655 shares of the utilities provider's stock after purchasing an additional 3,547 shares during the quarter. NewEdge Advisors LLC's holdings in American Water Works were worth $2,309,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cloud Capital Management LLC bought a new position in American Water Works in the 1st quarter worth $29,000. WPG Advisers LLC bought a new position in American Water Works in the first quarter worth about $29,000. Capital A Wealth Management LLC bought a new position in American Water Works in the fourth quarter worth about $33,000. Wayfinding Financial LLC bought a new position in American Water Works in the first quarter worth about $48,000. Finally, Millstone Evans Group LLC bought a new position in American Water Works in the first quarter worth about $55,000. 86.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

AWK has been the subject of several research reports. Wells Fargo & Company decreased their target price on 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. UBS Group reduced their price target 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. Barclays cut their target price 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. Mizuho boosted 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 report on Friday, August 1st. Finally, Argus boosted their price objective 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. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus target price of $143.30.

American Water Works Price Performance

Shares of NYSE AWK traded up $1.40 during trading on Wednesday, hitting $137.65. The company had a trading volume of 109,934 shares, compared to its average volume of 1,384,192. The company has a quick ratio of 0.32, a current ratio of 0.35 and a debt-to-equity ratio of 1.15. American Water Works Company, Inc. has a fifty-two week low of $118.74 and a fifty-two week high of $155.50. The firm has a market capitalization of $26.86 billion, a price-to-earnings ratio of 24.77, a price-to-earnings-growth ratio of 3.26 and a beta of 0.69. The stock has a fifty day simple moving average of $142.37 and a two-hundred day simple moving average of $142.70.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.53 by ($0.05). The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.22 billion. American Water Works had a return on equity of 10.34% and a net margin of 21.91%.The business's revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.42 earnings per share. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. On average, research analysts expect that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 12th were issued a $0.8275 dividend. This represents a $3.31 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Tuesday, August 12th. American Water Works's dividend payout ratio is currently 59.64%.

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.