Thurston Springer Miller Herd & Titak Inc. Boosts Holdings in American Water Works Company, Inc. $AWK

Key Points

• Thurston Springer Miller Herd & Titak Inc. increased its stake in American Water Works by 16.9% during the second quarter, owning 13,935 shares worth $1,938,000.
• Confluence Investment Management and other large investors also boosted their stakes, with Confluence increasing theirs by 63.6%, now owning 875,483 shares valued at $121,788,000.
• A recent earnings report revealed American Water Works missed earnings estimates with $1.48 EPS, but revenue was up 11.1% year-over-year at $1.28 billion.

Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 16.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,935 shares of the utilities provider's stock after purchasing an additional 2,012 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in American Water Works were worth $1,938,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Confluence Investment Management LLC boosted its stake in shares of American Water Works by 63.6% during the second quarter. Confluence Investment Management LLC now owns 875,483 shares of the utilities provider's stock valued at $121,788,000 after purchasing an additional 340,314 shares during the period. Swedbank AB boosted its stake in shares of American Water Works by 13.3% during the first quarter. Swedbank AB now owns 133,025 shares of the utilities provider's stock valued at $19,624,000 after purchasing an additional 15,632 shares during the period. Voya Investment Management LLC boosted its stake in shares of American Water Works by 0.3% during the first quarter. Voya Investment Management LLC now owns 69,896 shares of the utilities provider's stock valued at $10,311,000 after purchasing an additional 218 shares during the period. BROOKFIELD Corp ON boosted its stake in shares of American Water Works by 2,486.6% during the first quarter. BROOKFIELD Corp ON now owns 571,080 shares of the utilities provider's stock valued at $84,246,000 after purchasing an additional 549,002 shares during the period. Finally, Nicola Wealth Management LTD. boosted its stake in shares of American Water Works by 16.0% during the first quarter. Nicola Wealth Management LTD. now owns 14,500 shares of the utilities provider's stock valued at $2,139,000 after purchasing an additional 2,000 shares during the period. 86.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AWK. Mizuho boosted their target price on shares of American Water Works from $148.00 to $149.00 and gave the company a "neutral" rating in a research note on Friday, August 1st. Barclays decreased their price objective 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. Argus lifted their price objective on American Water Works from $155.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, August 14th. Wells Fargo & Company decreased their price objective 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. Finally, 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. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus target price of $143.30.

American Water Works Stock Performance

Shares of American Water Works stock opened at $139.17 on Friday. The company has a market capitalization of $27.15 billion, a PE ratio of 25.08, a P/E/G ratio of 3.31 and a beta of 0.69. 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 company has a 50-day simple moving average of $142.51 and a two-hundred day simple moving average of $142.68. American Water Works Company, Inc. has a one year low of $118.74 and a one year high of $155.50.

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

American Water Works Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 12th were issued a $0.8275 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $3.31 dividend on an annualized basis and a yield of 2.4%. American Water Works's payout ratio is currently 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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