Postrock Partners LLC Buys New Holdings in American Water Works Company, Inc. $AWK

Key Points

• Postrock Partners initiated a position in American Water Works during the third quarter, buying 10,521 shares valued at about $1.36 million. The stock represents roughly 0.5% of its portfolio.
• American Water Works’ latest quarterly results missed analyst expectations: EPS was $2.00 versus $2.04 expected, and revenue was $1.51 billion versus $1.58 billion expected. Revenue nevertheless increased 4.1% year over year.
• Analysts’ consensus rating is Hold, with an average price target of $139.86. The company also declared a quarterly dividend of $0.895 per share, equivalent to an annualized yield of 2.3% at the article’s stated share price.

Postrock Partners LLC bought a new position in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 10,521 shares of the utilities provider's stock, valued at approximately $1,362,000. American Water Works comprises about 0.5% of Postrock Partners LLC's portfolio, making the stock its 29th biggest holding.

Other large investors have also added to or reduced their stakes in the company. Kestra Advisory Services LLC grew its stake in American Water Works by 29.6% in the 3rd quarter. Kestra Advisory Services LLC now owns 22,726 shares of the utilities provider's stock valued at $3,100,000 after buying an additional 5,195 shares during the last quarter. Claro Advisors Inc. acquired a new stake in American Water Works during the third quarter worth approximately $214,000. REAP Financial Group LLC lifted its position in American Water Works by 20.3% during the third quarter. REAP Financial Group LLC now owns 480 shares of the utilities provider's stock worth $62,000 after acquiring an additional 81 shares during the last quarter. Lindsell Train Ltd acquired a new stake in American Water Works during the third quarter worth approximately $1,230,000. Finally, Platform Technology Partners bought a new stake in shares of American Water Works during the third quarter worth approximately $273,000. Institutional investors own 86.58% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Mizuho set a $149.00 target price on American Water Works in a research report on Friday, October 30th. Truist Financial set a $139.00 price target on American Water Works in a report on Tuesday, August 4th. Bank of America restated a "neutral" rating on shares of American Water Works in a research note on Thursday, July 16th. Weiss Ratings raised American Water Works from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday. Finally, Wall Street Zen upgraded American Water Works from a "strong sell" rating to a "sell" rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $139.86.

American Water Works Price Performance

Shares of American Water Works stock opened at $152.69 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.39 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $30.40 billion, a price-to-earnings ratio of 26.46, a price-to-earnings-growth ratio of 3.05 and a beta of 0.56. American Water Works Company, Inc. has a twelve month low of $120.57 and a twelve month high of $153.69. The company has a 50-day simple moving average of $136.47 and a two-hundred day simple moving average of $132.77.

American Water Works (NYSE:AWK - Get Free Report) last announced its earnings results on Wednesday, October 28th. The utilities provider reported $2.00 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.04 by ($0.04). American Water Works had a return on equity of 10.14% and a net margin of 21.26%. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the company earned $1.94 EPS. The business's revenue for the quarter was up 4.1% on a year-over-year basis. Analysts forecast that American Water Works Company, Inc. will post 6.09 EPS for the current year.

American Water Works Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Thursday, November 12th will be paid a dividend of $0.8950 per share. This represents a $3.58 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Thursday, November 12th. American Water Works's dividend payout ratio (DPR) is 62.05%.

American Water Works Company Profile

American Water Works Company, Inc is a public water and wastewater utility that provides essential services to residential, commercial, industrial and institutional customers. Through its regulated businesses, the company supplies drinking water, collects and treats wastewater, and manages related infrastructure, including treatment plants, pipelines, storage facilities and customer service systems.

Founded in 1886, American Water has grown into one of the largest water and wastewater service providers in the United States.

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