Perigon Wealth Management LLC Buys Shares of 1,923 American Water Works Company, Inc. $AWK

Key Points

• Perigon Wealth Management LLC has acquired 1,923 shares of American Water Works Company, valued at approximately $268,000, highlighting continued interest from institutional investors in the stock.
• American Water Works reported a quarterly EPS of $1.48, missing analysts' estimates by $0.05, despite a year-over-year revenue increase of 11.1% to $1.28 billion.
• The company recently declared a quarterly dividend of $0.8275, with a current yield of 2.4% and a payout ratio of 59.64%.

Perigon Wealth Management LLC purchased a new position in American Water Works Company, Inc. (NYSE:AWK - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,923 shares of the utilities provider's stock, valued at approximately $268,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its stake in American Water Works by 881.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,704,995 shares of the utilities provider's stock worth $546,562,000 after buying an additional 3,327,352 shares during the last quarter. Pictet Asset Management Holding SA boosted its holdings in American Water Works by 24.1% in the first quarter. Pictet Asset Management Holding SA now owns 4,532,131 shares of the utilities provider's stock worth $668,566,000 after acquiring an additional 878,951 shares in the last quarter. Groupama Asset Managment grew its stake in shares of American Water Works by 114.3% during the first quarter. Groupama Asset Managment now owns 1,505,106 shares of the utilities provider's stock worth $2,296,000 after acquiring an additional 802,639 shares during the last quarter. Nuveen LLC acquired a new position in shares of American Water Works during the first quarter valued at about $103,053,000. Finally, BROOKFIELD Corp ON raised its position in shares of American Water Works by 2,486.6% in the 1st quarter. BROOKFIELD Corp ON now owns 571,080 shares of the utilities provider's stock valued at $84,246,000 after purchasing an additional 549,002 shares during the last quarter. Hedge funds and other institutional investors own 86.58% of the company's stock.

American Water Works Stock Performance

Shares of NYSE AWK opened at $139.20 on Wednesday. The company has a market capitalization of $27.16 billion, a PE ratio of 25.08, a price-to-earnings-growth ratio of 3.24 and a beta of 0.69. 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 company's fifty day moving average price is $141.12 and its 200 day moving average price is $142.30. American Water Works Company, Inc. has a 1 year low of $118.74 and a 1 year high of $155.50.

American Water Works (NYSE:AWK - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.48 earnings per share for the quarter, missing analysts' consensus estimates of $1.53 by ($0.05). American Water Works had a net margin of 21.91% and a return on equity of 10.34%. The firm had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.22 billion. During the same period in the previous year, the firm posted $1.42 EPS. The firm's quarterly revenue 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 predict that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 12th were issued a $0.8275 dividend. This represents a $3.31 annualized dividend 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 presently 59.64%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AWK. Mizuho boosted their target price on shares of American Water Works from $148.00 to $149.00 and gave the stock a "neutral" rating in a research report on Friday, August 1st. Wells Fargo & Company cut their target price on 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. Argus boosted their price target 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. Barclays decreased their target price on American Water Works from $138.00 to $128.00 and set an "underweight" rating for the company in a report on Thursday, July 10th. Finally, 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. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Reduce" and an average price target of $141.13.

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.

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