Wealth Enhancement Advisory Services LLC Purchases 17,227 Shares of American Water Works Company, Inc. $AWK

Key Points

• Wealth Enhancement Advisory Services LLC increased its holdings in American Water Works by 13.9% in Q2, now owning 141,579 shares worth approximately $19.8 million.
• The company recently announced a quarterly dividend of $0.8275 per share, reflecting an annualized yield of 2.5% and a payout ratio of 59.64%.
• Wall Street analysts have mixed ratings for American Water Works, with target price adjustments ranging from $128.00 to $160.00 amid a consensus rating of "Reduce".

Wealth Enhancement Advisory Services LLC lifted its position in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 13.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,579 shares of the utilities provider's stock after acquiring an additional 17,227 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.07% of American Water Works worth $19,828,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in AWK. Cloud Capital Management LLC bought a new stake in shares of American Water Works in the first quarter valued at about $29,000. WPG Advisers LLC bought a new stake in shares of American Water Works in the first quarter valued at about $29,000. Flaharty Asset Management LLC bought a new stake in shares of American Water Works in the first quarter valued at about $30,000. Capital A Wealth Management LLC bought a new stake in shares of American Water Works in the fourth quarter valued at about $33,000. Finally, Wayfinding Financial LLC bought a new stake in shares of American Water Works in the first quarter valued at about $48,000. 86.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AWK. 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. Mizuho boosted their target price 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. Argus boosted their target price 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. UBS Group reduced their target price on shares of 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 reduced their target price 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. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average target price of $141.13.

American Water Works Price Performance

Shares of NYSE AWK opened at $135.02 on Friday. The stock has a market capitalization of $26.34 billion, a price-to-earnings ratio of 24.33, a PEG ratio of 3.20 and a beta of 0.69. American Water Works Company, Inc. has a 12 month low of $118.74 and a 12 month high of $155.50. The firm's 50 day simple moving average is $141.96 and its 200-day simple moving average is $142.63. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.35 and a quick ratio of 0.32.

American Water Works (NYSE:AWK - Get Free Report) last issued its quarterly earnings data 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 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%.American Water Works's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.42 EPS. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. Analysts expect that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 12th were paid 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 2.5%. 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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