Wellington Management Group LLP Has $30.10 Million Stock Position in American Water Works Company, Inc. $AWK

Key Points

• Wellington Management Group LLP increased its stake in American Water Works by 45.5%, owning 204,038 shares valued at $30.1 million after acquiring 63,819 additional shares.
• Analysts have mixed sentiments on the stock, with two Buy ratings, six Hold ratings, and three Sell ratings, and an average price target of $143.30.
• American Water Works recently reported Q2 earnings of $1.48 per share, falling short of estimates, while revenue grew to $1.28 billion.

Wellington Management Group LLP grew its stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 45.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 204,038 shares of the utilities provider's stock after acquiring an additional 63,819 shares during the period. Wellington Management Group LLP owned 0.10% of American Water Works worth $30,100,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of AWK. Cloud Capital Management LLC bought a new position in American Water Works during the first quarter worth about $29,000. Capital A Wealth Management LLC bought a new position in American Water Works during the fourth quarter worth about $33,000. Wayfinding Financial LLC bought a new position in American Water Works during the first quarter worth about $48,000. Millstone Evans Group LLC bought a new position in American Water Works during the first quarter worth about $55,000. Finally, Banque Transatlantique SA bought a new position in American Water Works during the fourth quarter worth about $46,000. Institutional investors own 86.58% of the company's stock.

American Water Works Stock Performance

Shares of NYSE:AWK traded up $0.47 during trading on Friday, reaching $143.40. 941,293 shares of the stock were exchanged, compared to its average volume of 1,604,837. The company has a current ratio of 0.35, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. American Water Works Company, Inc. has a 12 month low of $118.74 and a 12 month high of $155.50. The stock has a 50-day moving average price of $142.44 and a 200-day moving average price of $141.82. The firm has a market cap of $27.98 billion, a PE ratio of 25.84, a PEG ratio of 3.38 and a beta of 0.65.

American Water Works (NYSE:AWK - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.48 earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the firm posted $1.42 earnings per share. The firm's quarterly revenue 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. 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 firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 12th will be given a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis 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%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wall Street Zen cut American Water Works from a "hold" rating to a "sell" rating in a report on Wednesday, May 14th. Mizuho lifted their price target on American Water Works from $148.00 to $149.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. Wells Fargo & Company reduced 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. Argus boosted their price objective on American Water Works from $155.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. Finally, Barclays reduced 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. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, American Water Works has a consensus rating of "Reduce" and an average target price 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.