Robeco Institutional Asset Management B.V. Buys 479,586 Shares of American Water Works Company, Inc. $AWK

Key Points

• Robeco Institutional Asset Management B.V. significantly increased its stake in American Water Works by 928.1%, acquiring 479,586 additional shares, bringing its total ownership to about 531,260 shares valued at $73.9 million.
• American Water Works reported a quarterly earnings miss with earnings per share of $1.48, below the consensus estimate of $1.53, despite achieving revenue of $1.28 billion, surpassing expectations.
• The company declared a quarterly dividend of $0.8275 per share, resulting in an annualized dividend of $3.31 and a yield of 2.4%.

Robeco Institutional Asset Management B.V. boosted its stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 928.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 531,260 shares of the utilities provider's stock after purchasing an additional 479,586 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.27% of American Water Works worth $73,904,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. PFG Advisors boosted its holdings in American Water Works by 33.4% in the first quarter. PFG Advisors now owns 9,699 shares of the utilities provider's stock worth $1,431,000 after acquiring an additional 2,429 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in American Water Works by 2.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 124,352 shares of the utilities provider's stock worth $18,344,000 after acquiring an additional 2,570 shares in the last quarter. Brown Advisory Inc. boosted its holdings in American Water Works by 2.2% in the first quarter. Brown Advisory Inc. now owns 10,547 shares of the utilities provider's stock worth $1,556,000 after acquiring an additional 229 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in American Water Works by 45.2% in the first quarter. Farther Finance Advisors LLC now owns 2,326 shares of the utilities provider's stock worth $342,000 after acquiring an additional 724 shares in the last quarter. Finally, Mirador Capital Partners LP boosted its holdings in American Water Works by 28.4% in the second quarter. Mirador Capital Partners LP now owns 11,577 shares of the utilities provider's stock worth $1,610,000 after acquiring an additional 2,562 shares in the last quarter. Institutional investors own 86.58% of the company's stock.

American Water Works Trading Down 0.4%

American Water Works stock opened at $135.54 on Friday. The stock has a 50-day moving average price of $140.90 and a 200 day moving average price of $142.19. The company has a quick ratio of 0.32, a current ratio of 0.35 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $26.44 billion, a price-to-earnings ratio of 24.42, a price-to-earnings-growth ratio of 3.22 and a beta of 0.70. American Water Works Company, Inc. has a 52 week low of $118.74 and a 52 week high of $155.50.

American Water Works (NYSE:AWK - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.48 earnings per share 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 analysts' expectations of $1.22 billion. American Water Works had a net margin of 21.91% and a return on equity of 10.34%. The firm's revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.42 earnings per share. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. Sell-side analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Dividend Announcement

The business 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 annualized dividend and a yield of 2.4%. The ex-dividend date was Tuesday, August 12th. American Water Works's dividend payout ratio (DPR) is currently 59.64%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Mizuho raised their price target on American Water Works from $148.00 to $149.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. UBS Group lowered their price target on American Water Works from $156.00 to $151.00 and set a "neutral" rating for the company in a report on Tuesday, August 12th. Wells Fargo & Company decreased 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. 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, Argus lifted their target price on American Water Works from $155.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Reduce" and an average target price of $141.13.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.