UniSuper Management Pty Ltd Buys 13,319 Shares of American Water Works Company, Inc. $AWK

Key Points

• UniSuper Management Pty Ltd increased its stake in American Water Works by 13.4% during the first quarter, acquiring an additional 13,319 shares and now holds a total of 112,641 shares worth approximately $16.6 million.
• Analyst ratings on American Water Works have varied, with Barclays lowering its target price from $138.00 to $128.00, while Argus raised its target from $155.00 to $160.00, indicating mixed sentiment towards the stock.
• American Water Works reported earnings of $1.48 per share, missing estimates, but showed a revenue increase of 11.1% year-over-year, and recently declared a quarterly dividend of $0.8275 per share.

UniSuper Management Pty Ltd grew its stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 13.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 112,641 shares of the utilities provider's stock after buying an additional 13,319 shares during the quarter. UniSuper Management Pty Ltd owned 0.06% of American Water Works worth $16,617,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of American Water Works by 0.6% in the first quarter. Vanguard Group Inc. now owns 25,248,263 shares of the utilities provider's stock worth $3,724,624,000 after purchasing an additional 141,038 shares during the last quarter. Pictet Asset Management Holding SA grew its stake in shares of American Water Works by 24.1% in the first quarter. Pictet Asset Management Holding SA now owns 4,532,131 shares of the utilities provider's stock worth $668,566,000 after purchasing an additional 878,951 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of American Water Works by 881.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,704,995 shares of the utilities provider's stock worth $546,562,000 after purchasing an additional 3,327,352 shares during the last quarter. Northern Trust Corp grew its stake in shares of American Water Works by 3.6% in the first quarter. Northern Trust Corp now owns 3,479,406 shares of the utilities provider's stock worth $513,282,000 after purchasing an additional 121,680 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in shares of American Water Works by 0.8% in the fourth quarter. Royal Bank of Canada now owns 2,109,409 shares of the utilities provider's stock worth $262,601,000 after purchasing an additional 17,673 shares during the last quarter. 86.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AWK has been the topic of several recent analyst reports. Barclays cut their target price on American Water Works from $138.00 to $128.00 and set an "underweight" rating on the stock in a research note on Thursday, July 10th. UBS Group cut their target price on American Water Works from $156.00 to $151.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 12th. Argus raised their price objective on shares of American Water Works from $155.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. Mizuho raised their price objective on shares of American Water Works from $148.00 to $149.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. Finally, Wells Fargo & Company lowered 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 report on Friday, August 1st. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, American Water Works currently has a consensus rating of "Reduce" and an average price target of $143.30.

American Water Works Price Performance

AWK stock opened at $143.47 on Monday. The firm has a 50 day moving average price of $142.60 and a 200-day moving average price of $142.57. American Water Works Company, Inc. has a 52-week low of $118.74 and a 52-week high of $155.50. The firm has a market capitalization of $27.99 billion, a price-to-earnings ratio of 25.85, a PEG ratio of 3.40 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.

American Water Works (NYSE:AWK - Get Free Report) last released its 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 net margin of 21.91% and a return on equity of 10.34%. The business had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.22 billion. During the same quarter in the previous year, the business posted $1.42 earnings per share. American Water Works's revenue for the quarter 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. Equities research analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 12th were issued a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Tuesday, August 12th. American Water Works's dividend payout ratio (DPR) is presently 59.64%.

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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