Strata Wealth Advisors LLC Buys New Stake in American Water Works Company, Inc. $AWK

Key Points

• Strata Wealth Advisors LLC acquired a new stake in American Water Works, purchasing 2,169 shares valued at approximately $302,000.
• American Water Works reported earnings per share (EPS) of $1.48 for the last quarter, missing expectations by $0.05, while revenue increased by 11.1% compared to the same quarter last year.
• The company's stock is currently down 1.0%, trading at $142.24 with a market cap of $27.75 billion and a beta of 0.70.

Strata Wealth Advisors LLC acquired a new position in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,169 shares of the utilities provider's stock, valued at approximately $302,000.

Other large investors also recently added to or reduced their stakes in the company. Oliver Lagore Vanvalin Investment Group acquired a new position in American Water Works during the second quarter worth $28,000. Concord Wealth Partners acquired a new stake in shares of American Water Works in the second quarter valued at about $28,000. Cloud Capital Management LLC acquired a new stake in shares of American Water Works in the first quarter valued at about $29,000. WPG Advisers LLC acquired a new stake in shares of American Water Works in the first quarter valued at about $29,000. Finally, Flaharty Asset Management LLC acquired a new stake in shares of American Water Works in the first quarter valued at about $30,000. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Stock Down 1.0%

Shares of AWK traded down $1.49 during mid-day trading on Thursday, hitting $142.24. 33,231 shares of the company's stock were exchanged, compared to its average volume of 1,369,698. The company has a market cap of $27.75 billion, a price-to-earnings ratio of 25.59, a P/E/G ratio of 3.46 and a beta of 0.70. American Water Works Company, Inc. has a fifty-two week low of $118.74 and a fifty-two week high of $155.50. 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 moving average is $140.72 and its 200-day moving average is $141.98.

American Water Works (NYSE:AWK - Get Free Report) last issued 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). The business had revenue of $1.28 billion for 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 for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.42 EPS. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. On average, sell-side analysts anticipate that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

American Water Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 12th were issued 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 yield of 2.3%. American Water Works's dividend payout ratio (DPR) is presently 59.64%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Cowen assumed coverage on shares of American Water Works in a research report on Wednesday, October 15th. They issued a "hold" rating for the company. TD Cowen initiated coverage on shares of American Water Works in a report on Thursday, October 16th. They issued a "hold" rating and a $155.00 price objective for the company. Argus upped their price objective on shares of American Water Works from $155.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, August 14th. Barclays upped their price objective on shares of American Water Works from $128.00 to $134.00 and gave the company an "underweight" rating in a report on Tuesday. Finally, Mizuho upped their price objective on shares of American Water Works from $148.00 to $149.00 and gave the company a "neutral" rating in a report on Friday, August 1st. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $145.75.

About American Water Works

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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