Prime Capital Investment Advisors LLC Has $1.27 Million Stake in American Water Works Company, Inc. $AWK

Key Points

• Prime Capital Investment Advisors LLC has reduced its stake in American Water Works Company by 40.1%, now holding 9,148 shares valued at approximately $1.27 million.
• American Water Works reported a quarterly EPS of $1.48, missing analysts' expectations, but saw a 11.1% year-over-year increase in revenue.
• The company declared a quarterly dividend of $0.8275 per share, resulting in an annualized yield of 2.3%.

Prime Capital Investment Advisors LLC reduced its position in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 40.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,148 shares of the utilities provider's stock after selling 6,134 shares during the quarter. Prime Capital Investment Advisors LLC's holdings in American Water Works were worth $1,273,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AWK. Sumitomo Life Insurance Co. grew its holdings in shares of American Water Works by 1.5% in the 1st quarter. Sumitomo Life Insurance Co. now owns 4,679 shares of the utilities provider's stock valued at $690,000 after buying an additional 70 shares during the period. Sargent Investment Group LLC lifted its holdings in American Water Works by 2.6% during the first quarter. Sargent Investment Group LLC now owns 2,795 shares of the utilities provider's stock worth $412,000 after acquiring an additional 70 shares in the last quarter. Private Trust Co. NA grew its stake in American Water Works by 4.8% in the first quarter. Private Trust Co. NA now owns 1,607 shares of the utilities provider's stock valued at $237,000 after acquiring an additional 74 shares during the period. Foundations Investment Advisors LLC increased its holdings in shares of American Water Works by 5.0% in the first quarter. Foundations Investment Advisors LLC now owns 1,726 shares of the utilities provider's stock worth $255,000 after acquiring an additional 82 shares in the last quarter. Finally, Principal Securities Inc. raised its position in shares of American Water Works by 1.4% during the first quarter. Principal Securities Inc. now owns 6,157 shares of the utilities provider's stock worth $908,000 after purchasing an additional 85 shares during the period. Institutional investors own 86.58% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on AWK. 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 report on Thursday, August 14th. Barclays reduced their price target on shares of American Water Works from $138.00 to $128.00 and set an "underweight" rating for the company in a report on Thursday, July 10th. Weiss Ratings restated a "hold (c+)" rating on shares of American Water Works in a report on Wednesday. Mizuho upped 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 note on Friday, August 1st. Finally, Wells Fargo & Company lowered their target price on American Water Works from $147.00 to $141.00 and set an "equal weight" rating for the company in a report on Friday, August 1st. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $143.57.

American Water Works Price Performance

NYSE:AWK opened at $141.09 on Thursday. American Water Works Company, Inc. has a 52-week low of $118.74 and a 52-week high of $155.50. The company has a market cap of $27.53 billion, a P/E ratio of 25.42, a P/E/G ratio of 3.37 and a beta of 0.70. 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 stock's 50-day simple moving average is $140.91 and its 200 day simple moving average is $142.13.

American Water Works (NYSE:AWK - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.48 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.05). The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.22 billion. American Water Works had a net margin of 21.91% and a return on equity of 10.34%. The business's revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the company posted $1.42 earnings per share. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. As a group, sell-side analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 12th were given a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, August 12th. American Water Works's dividend payout ratio is 59.64%.

American Water Works Company 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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