Schnieders Capital Management LLC Trims Stock Position in American Water Works Company, Inc. $AWK

Key Points

• Schnieders Capital Management LLC reduced its stake in American Water Works Company by 30.5%, owning 4,845 shares worth $674,000 after selling 2,125 shares in the second quarter.
• American Water Works reported earnings per share (EPS) of $1.48 for the last quarter, missing estimates of $1.53, but its revenue increased by 11.1% year-over-year to $1.28 billion.
• The company announced a quarterly dividend of $0.8275, reflecting a 2.3% yield and a payout ratio of 59.64%.

Schnieders Capital Management LLC cut its stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 30.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,845 shares of the utilities provider's stock after selling 2,125 shares during the quarter. Schnieders Capital Management LLC's holdings in American Water Works were worth $674,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of AWK. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of American Water Works during the second quarter worth approximately $28,000. Concord Wealth Partners purchased a new position in shares of American Water Works during the second quarter worth approximately $28,000. Cloud Capital Management LLC purchased a new position in shares of American Water Works during the first quarter worth approximately $29,000. WPG Advisers LLC purchased a new position in shares of American Water Works during the first quarter worth approximately $29,000. Finally, Flaharty Asset Management LLC purchased a new position in shares of American Water Works during the first quarter worth approximately $30,000. 86.58% of the stock is owned by hedge funds and other institutional investors.

American Water Works Price Performance

NYSE AWK opened at $144.02 on Monday. The firm's fifty day simple moving average is $140.68 and its two-hundred day simple moving average is $141.96. The company has a current ratio of 0.35, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. American Water Works Company, Inc. has a 12-month low of $118.74 and a 12-month high of $155.50. The firm has a market capitalization of $28.10 billion, a P/E ratio of 25.95, a P/E/G ratio of 3.45 and a beta of 0.70.

American Water Works (NYSE:AWK - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.05). American Water Works had a return on equity of 10.34% and a net margin of 21.91%.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 prior year, the firm posted $1.42 earnings per share. American Water Works's revenue for the quarter was up 11.1% compared to the same quarter last year. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. 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 issued a $0.8275 dividend. 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 payout ratio is currently 59.64%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Cowen initiated coverage on shares of American Water Works in a research report on Wednesday. They set a "hold" rating on the stock. UBS Group reduced their price objective on shares of American Water Works from $156.00 to $151.00 and set a "neutral" rating for the company in a research note on Tuesday, August 12th. Barclays reduced their price objective on shares of American Water Works from $138.00 to $128.00 and set an "underweight" rating for the company in a research note on Thursday, July 10th. Argus boosted their price objective on shares of American Water Works from $155.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, August 14th. Finally, Wells Fargo & Company reduced their price objective on shares of American Water Works from $147.00 to $141.00 and set an "equal weight" rating for the company in a research note on Friday, August 1st. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $145.00.

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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