Van Hulzen Asset Management LLC Grows Holdings in American Water Works Company, Inc. $AWK

Key Points

• Van Hulzen Asset Management LLC increased its stake in American Water Works by 15.2%, now owning 16,478 shares worth approximately $2.43 million.
• American Water Works reported quarterly earnings of $1.48 EPS, missing estimates by $0.05, but saw revenue rise to $1.28 billion, exceeding projections of $1.22 billion.
• The company declared a quarterly dividend of $0.8275 per share, translating to an annualized yield of 2.3%, with a payout ratio of 59.64%.

Van Hulzen Asset Management LLC boosted its stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 15.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,478 shares of the utilities provider's stock after acquiring an additional 2,175 shares during the period. Van Hulzen Asset Management LLC's holdings in American Water Works were worth $2,431,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. PFG Advisors grew its stake in shares of American Water Works by 33.4% in the 1st quarter. PFG Advisors now owns 9,699 shares of the utilities provider's stock worth $1,431,000 after buying an additional 2,429 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of American Water Works by 2.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 124,352 shares of the utilities provider's stock worth $18,344,000 after buying an additional 2,570 shares in the last quarter. Brown Advisory Inc. grew its stake in shares of American Water Works by 2.2% in the 1st quarter. Brown Advisory Inc. now owns 10,547 shares of the utilities provider's stock worth $1,556,000 after buying an additional 229 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of American Water Works by 45.2% during the 1st quarter. Farther Finance Advisors LLC now owns 2,326 shares of the utilities provider's stock worth $342,000 after purchasing an additional 724 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its stake in shares of American Water Works by 21.5% during the 1st quarter. Oppenheimer & Co. Inc. now owns 7,692 shares of the utilities provider's stock worth $1,135,000 after purchasing an additional 1,359 shares during the period. 86.58% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at American Water Works

In other American Water Works news, CAO Melissa K. Wikle sold 2,825 shares of the business's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $143.28, for a total transaction of $404,766.00. Following the sale, the chief accounting officer directly owned 7,572 shares in the company, valued at approximately $1,084,916.16. The trade was a 27.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.11% of the company's stock.

American Water Works Stock Down 1.2%

Shares of NYSE AWK traded down $1.7610 during midday trading on Monday, hitting $144.4390. The company's stock had a trading volume of 854,897 shares, compared to its average volume of 1,422,122. American Water Works Company, Inc. has a 1 year low of $118.74 and a 1 year high of $155.50. The business's fifty day simple moving average is $142.14 and its two-hundred day simple moving average is $141.36. 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 firm has a market capitalization of $28.18 billion, a price-to-earnings ratio of 26.03, a price-to-earnings-growth ratio of 3.46 and a beta of 0.65.

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 analysts' consensus estimates 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 quarter in the prior year, the firm earned $1.42 EPS. The firm's revenue 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. On average, equities analysts predict that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 12th will be given 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 is Tuesday, August 12th. American Water Works's payout ratio is presently 59.64%.

Wall Street Analysts Forecast Growth

AWK has been the subject of a number of research analyst reports. Barclays decreased 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 report on Thursday, July 10th. UBS Group cut their price target on shares of 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. Evercore ISI upped their price objective on shares of American Water Works from $139.00 to $148.00 and gave the company an "in-line" rating in a report on Friday, May 2nd. Wells Fargo & Company dropped their price objective on shares of American Water Works from $147.00 to $141.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. Finally, Mizuho increased their price target 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. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, American Water Works has an average rating of "Reduce" and a consensus price target of $143.30.

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.