Zimmer Partners LP Has $12.54 Million Holdings in American Water Works Company, Inc. $AWK

Key Points

• Zimmer Partners LP has reduced its stake in American Water Works by 51.7%, now holding 85,000 shares valued at approximately $12.5 million.
• American Water Works recently reported earnings per share of $1.48, missing analysts' expectations of $1.53, despite revenues of $1.28 billion, exceeding the anticipated $1.22 billion.
• The company declared a quarterly dividend of $0.8275 per share, yielding 2.4%, with a payout ratio of 59.64%.

Zimmer Partners LP trimmed its holdings in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 51.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,000 shares of the utilities provider's stock after selling 91,037 shares during the period. Zimmer Partners LP's holdings in American Water Works were worth $12,539,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AWK. Price T Rowe Associates Inc. MD increased its holdings in American Water Works by 881.1% during 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 increased its holdings in American Water Works by 24.1% during 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 increased its holdings in American Water Works by 114.3% during the 1st quarter. Groupama Asset Managment now owns 1,505,106 shares of the utilities provider's stock valued at $2,296,000 after purchasing an additional 802,639 shares in the last quarter. Nuveen LLC bought a new position in American Water Works in the 1st quarter valued at $103,053,000. Finally, GAMMA Investing LLC boosted its position in American Water Works by 20,534.0% in the 1st quarter. GAMMA Investing LLC now owns 615,306 shares of the utilities provider's stock valued at $90,770,000 after buying an additional 612,324 shares during the last quarter. 86.58% of the stock is owned by institutional investors and hedge funds.

American Water Works Trading Down 0.3%

AWK stock traded down $0.46 during midday trading on Friday, hitting $139.17. 994,551 shares of the company's stock were exchanged, compared to its average volume of 999,133. The stock's fifty day moving average price is $142.51 and its 200-day moving average price is $142.63. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.35. The company has a market cap of $27.15 billion, a PE ratio of 25.08, a price-to-earnings-growth ratio of 3.31 and a beta of 0.69. American Water Works Company, Inc. has a one year low of $118.74 and a one year high of $155.50.

American Water Works (NYSE:AWK - Get Free Report) last posted its earnings results on Wednesday, July 30th. The utilities provider reported $1.48 earnings per share for the quarter, missing the consensus estimate 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 business's revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.42 earnings per share. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. Research analysts predict that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

American Water Works Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 12th were paid a $0.8275 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $3.31 annualized dividend and a dividend yield of 2.4%. American Water Works's dividend payout ratio (DPR) is currently 59.64%.

Analyst Ratings Changes

A number of research analysts have commented on AWK shares. Barclays decreased their price objective on American Water Works from $138.00 to $128.00 and set an "underweight" rating on the stock in a research report on Thursday, July 10th. Wells Fargo & Company decreased their price objective on American Water Works from $147.00 to $141.00 and set an "equal weight" rating on the stock in a research report on Friday, August 1st. Mizuho increased their price objective on American Water Works from $148.00 to $149.00 and gave the company a "neutral" rating in a research report on Friday, August 1st. UBS Group decreased their price objective on American Water Works from $156.00 to $151.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 12th. Finally, Argus raised their price target on American Water Works from $155.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Two 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 company's stock. According to MarketBeat, American Water Works has a consensus rating of "Reduce" and a consensus price target of $143.30.

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.