Nissay Asset Management Corp Japan ADV Purchases 338,812 Shares of American Water Works Company, Inc. $AWK

Key Points

• Nissay Asset Management Corp Japan ADV has significantly increased its position in American Water Works by 1,443.3%, owning 362,287 shares worth approximately $53.4 million after acquiring an additional 338,812 shares.
• American Water Works reported a quarterly EPS of $1.48, which was below analysts' expectations, but revenue surged 11.1% year-over-year to $1.28 billion.
• Several analysts have adjusted their price targets for American Water Works, with Barclays lowering its target from $138.00 to $128.00, indicating a consensus rating of "Reduce."

Nissay Asset Management Corp Japan ADV raised its position in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 1,443.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 362,287 shares of the utilities provider's stock after acquiring an additional 338,812 shares during the quarter. Nissay Asset Management Corp Japan ADV owned approximately 0.19% of American Water Works worth $53,445,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Cloud Capital Management LLC acquired a new stake in American Water Works in the first quarter valued at $29,000. WPG Advisers LLC acquired a new stake in American Water Works in the first quarter valued at $29,000. Capital A Wealth Management LLC acquired a new stake in American Water Works in the fourth quarter valued at $33,000. Wayfinding Financial LLC acquired a new stake in American Water Works in the first quarter valued at $48,000. Finally, Colonial Trust Co SC lifted its stake in American Water Works by 78.3% in the fourth quarter. Colonial Trust Co SC now owns 410 shares of the utilities provider's stock valued at $51,000 after acquiring an additional 180 shares during the last quarter. Institutional investors and hedge funds own 86.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Barclays dropped their price objective on shares of American Water Works from $138.00 to $128.00 and set an "underweight" rating on the stock in a research report on Thursday, July 10th. Wells Fargo & Company dropped their price objective on shares of American Water Works from $147.00 to $141.00 and set an "equal weight" rating on the stock in a research report on Friday, August 1st. Mizuho increased 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. Argus increased 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, Wall Street Zen lowered shares of American Water Works from a "hold" rating to a "sell" rating in a research report on Wednesday, May 14th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, American Water Works has an average rating of "Reduce" and an average price target of $143.30.

American Water Works Stock Performance

NYSE:AWK traded up $1.90 during mid-day trading on Friday, reaching $143.47. 782,169 shares of the company's stock were exchanged, compared to its average volume of 1,050,974. American Water Works Company, Inc. has a one year low of $118.74 and a one year high of $155.50. The firm has a market capitalization of $27.99 billion, a PE ratio of 25.85, a price-to-earnings-growth ratio of 3.40 and a beta of 0.69. The business's fifty day simple moving average is $142.60 and its two-hundred day simple moving average is $142.57. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.35.

American Water Works (NYSE:AWK - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.48 EPS for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $1.22 billion. During the same period in the prior year, the business posted $1.42 earnings per share. American Water Works's revenue was up 11.1% compared to the same quarter last year. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. Analysts anticipate that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal 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 given a dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, August 12th. American Water Works's dividend payout ratio (DPR) is currently 59.64%.

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.