Praxis Investment Management Inc. Sells 1,790 Shares of American Water Works Company, Inc. $AWK

Key Points

• Praxis Investment Management Inc. has reduced its stake in American Water Works by 14.5%, selling 1,790 shares and now holding 10,540 shares valued at approximately $1.47 million.
• Various institutional investors have modified their holdings, with GAMMA Investing LLC increasing its stake by 39.9% in the first quarter, while 86.58% of the company's stock is currently owned by institutional investors.
• The stock has a consensus rating of "Hold" with a price target averaging $145.00, despite mixed ratings from analysts regarding its future performance.

Praxis Investment Management Inc. cut its holdings in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 14.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,540 shares of the utilities provider's stock after selling 1,790 shares during the period. Praxis Investment Management Inc.'s holdings in American Water Works were worth $1,466,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AWK. GAMMA Investing LLC boosted its stake in shares of American Water Works by 39.9% during the first quarter. GAMMA Investing LLC now owns 4,171 shares of the utilities provider's stock valued at $615,000 after purchasing an additional 1,189 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in American Water Works by 2.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 124,352 shares of the utilities provider's stock valued at $18,344,000 after acquiring an additional 2,570 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in American Water Works during the first quarter valued at approximately $852,000. Sagespring Wealth Partners LLC purchased a new stake in American Water Works during the first quarter valued at approximately $234,000. Finally, QRG Capital Management Inc. lifted its position in American Water Works by 50.5% during the first quarter. QRG Capital Management Inc. now owns 11,209 shares of the utilities provider's stock valued at $1,654,000 after acquiring an additional 3,759 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on AWK shares. Weiss Ratings reissued a "hold (c+)" rating on shares of American Water Works in a research report on Wednesday, October 8th. Argus increased their target price 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. Wells Fargo & Company decreased 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 research report on Friday, August 1st. Barclays decreased 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. Finally, TD Cowen started coverage on shares of American Water Works in a research report on Thursday. They set a "hold" rating and a $155.00 target price for the company. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $145.00.

American Water Works Stock Up 0.4%

NYSE:AWK opened at $143.08 on Friday. The firm has a market capitalization of $27.91 billion, a P/E ratio of 25.78, a PEG ratio of 3.42 and a beta of 0.70. American Water Works Company, Inc. has a 1-year low of $118.74 and a 1-year high of $155.50. The company's fifty day moving average price is $140.71 and its 200-day moving average price is $142.08. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.35 and a quick ratio of 0.32.

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). The business 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 firm's revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.42 EPS. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. As a group, equities research analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 12th were paid a $0.8275 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 2.3%. American Water Works's dividend payout ratio is presently 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.

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