Shell Asset Management Co. Raises Position in American Water Works Company, Inc. $AWK

Key Points

• Shell Asset Management Co. significantly increased its holdings in American Water Works by 90.3% in the second quarter, owning 32,284 shares valued at approximately $4.49 million.
• Major institutional investors have made substantial investments in American Water Works, with Price T Rowe Associates Inc. boosting its stake by 881.1% and acquiring an additional 3.3 million shares.
• American Water Works recently declared a quarterly dividend of $0.8275 per share, translating to an annual yield of 2.3% and a payout ratio of 59.64%.

Shell Asset Management Co. raised its position in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 90.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,284 shares of the utilities provider's stock after acquiring an additional 15,323 shares during the period. Shell Asset Management Co.'s holdings in American Water Works were worth $4,491,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its stake in shares of American Water Works by 881.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,704,995 shares of the utilities provider's stock valued at $546,562,000 after purchasing an additional 3,327,352 shares during the period. Pictet Asset Management Holding SA lifted its holdings in American Water Works by 24.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 4,532,131 shares of the utilities provider's stock valued at $668,566,000 after buying an additional 878,951 shares in the last quarter. Groupama Asset Managment boosted its position in American Water Works by 114.3% in the 1st quarter. Groupama Asset Managment now owns 1,505,106 shares of the utilities provider's stock valued at $2,296,000 after buying an additional 802,639 shares during the period. Nuveen LLC purchased a new stake in American Water Works in the 1st quarter valued at about $103,053,000. Finally, BROOKFIELD Corp ON grew its stake in American Water Works by 2,486.6% in the 1st quarter. BROOKFIELD Corp ON now owns 571,080 shares of the utilities provider's stock worth $84,246,000 after acquiring an additional 549,002 shares in the last quarter. Hedge funds and other institutional investors own 86.58% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AWK. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of American Water Works in a research note on Saturday, September 27th. Argus lifted their target price 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. Mizuho increased their price target on American Water Works from $148.00 to $149.00 and gave the stock a "neutral" rating in a research report on Friday, August 1st. UBS Group decreased their price objective 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. Finally, Barclays cut their target price on shares of American Water Works from $138.00 to $128.00 and set an "underweight" rating on the stock in a research report on Thursday, July 10th. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, American Water Works currently has an average rating of "Hold" and a consensus price target of $143.57.

American Water Works Price Performance

Shares of AWK stock opened at $142.47 on Wednesday. The company has a market cap of $27.80 billion, a P/E ratio of 25.67, a PEG ratio of 3.29 and a beta of 0.70. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.35 and a quick ratio of 0.32. The stock's 50-day moving average is $140.89 and its 200 day moving average is $142.14. American Water Works Company, Inc. has a 1-year low of $118.74 and a 1-year high of $155.50.

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 for the quarter, missing analysts' consensus estimates of $1.53 by ($0.05). American Water Works had a net margin of 21.91% and a return on equity of 10.34%. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the business posted $1.42 earnings per share. The firm's quarterly revenue was up 11.1% on a year-over-year basis. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. Research analysts predict that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

American Water Works Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 12th were given a dividend of $0.8275 per share. The ex-dividend date of this dividend 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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