American Water Works Company, Inc. $AWK Position Increased by Wesbanco Bank Inc.

Key Points

• Wesbanco Bank Inc. increased its stake in American Water Works by 7.0%, owning 81,423 shares valued at approximately $11.33 million as of its latest SEC filing.
• American Water Works reported an earnings miss of $1.48 EPS against the consensus estimate of $1.53 EPS, while its revenue for the quarter rose by 11.1% year-over-year.
• The company declared a quarterly dividend of $0.8275 per share, representing an annualized yield of 2.4%, and a payout ratio of 59.64%.

Wesbanco Bank Inc. grew its stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 7.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 81,423 shares of the utilities provider's stock after purchasing an additional 5,292 shares during the quarter. Wesbanco Bank Inc.'s holdings in American Water Works were worth $11,327,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of AWK. Price T Rowe Associates Inc. MD raised its stake in shares of American Water Works by 881.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,704,995 shares of the utilities provider's stock valued at $546,562,000 after purchasing an additional 3,327,352 shares in the last quarter. Pictet Asset Management Holding SA raised its stake in shares of American Water Works by 24.1% in the 1st quarter. Pictet Asset Management Holding SA now owns 4,532,131 shares of the utilities provider's stock valued at $668,566,000 after purchasing an additional 878,951 shares in the last quarter. Groupama Asset Managment raised its stake in American Water Works by 114.3% during the first quarter. Groupama Asset Managment now owns 1,505,106 shares of the utilities provider's stock worth $2,296,000 after acquiring an additional 802,639 shares during the period. Nuveen LLC acquired a new stake in American Water Works during the first quarter worth about $103,053,000. Finally, GAMMA Investing LLC raised its stake in American Water Works by 20,534.0% during the first quarter. GAMMA Investing LLC now owns 615,306 shares of the utilities provider's stock worth $90,770,000 after acquiring an additional 612,324 shares during the period. Institutional investors and hedge funds own 86.58% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on AWK. Mizuho increased their price objective on shares of American Water Works from $148.00 to $149.00 and gave the stock a "neutral" rating in a research note on Friday, August 1st. UBS Group dropped their price objective 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. 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 research note on Friday, August 1st. Argus raised their price target on shares of American Water Works from $155.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. Finally, Barclays dropped their price target on shares of 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. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Reduce" and a consensus price target of $143.30.

American Water Works Price Performance

Shares of American Water Works stock traded down $1.33 on Tuesday, hitting $136.25. The company had a trading volume of 1,055,951 shares, compared to its average volume of 1,011,874. The business has a 50-day simple moving average of $142.37 and a 200-day simple moving average of $142.70. 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 company has a market cap of $26.58 billion, a PE ratio of 24.55, a PEG ratio of 3.26 and a beta of 0.69. American Water Works Company, Inc. has a 52 week low of $118.74 and a 52 week high of $155.50.

American Water Works (NYSE:AWK - Get Free Report) last issued its 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). The business had revenue of $1.28 billion for 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 company's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business 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 Dividend Announcement

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