American Water Works Company, Inc. $AWK Position Increased by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. increased its stake in American Water Works Company, Inc. (NYSE:AWK) by 6.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,299 shares of the utilities provider’s stock after purchasing an additional 644 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in American Water Works were worth $1,667,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Sumitomo Life Insurance Co. raised its stake in American Water Works by 1.5% during the 1st quarter. Sumitomo Life Insurance Co. now owns 4,679 shares of the utilities provider’s stock valued at $690,000 after acquiring an additional 70 shares in the last quarter. Sargent Investment Group LLC raised its stake in American Water Works by 2.6% during the 1st quarter. Sargent Investment Group LLC now owns 2,795 shares of the utilities provider’s stock valued at $412,000 after acquiring an additional 70 shares in the last quarter. Private Trust Co. NA raised its stake in American Water Works by 4.8% during the 1st quarter. Private Trust Co. NA now owns 1,607 shares of the utilities provider’s stock valued at $237,000 after acquiring an additional 74 shares in the last quarter. Foundations Investment Advisors LLC raised its stake in American Water Works by 5.0% during the 1st quarter. Foundations Investment Advisors LLC now owns 1,726 shares of the utilities provider’s stock valued at $255,000 after acquiring an additional 82 shares in the last quarter. Finally, Principal Securities Inc. raised its stake in American Water Works by 1.4% during the 1st quarter. Principal Securities Inc. now owns 6,157 shares of the utilities provider’s stock valued at $908,000 after acquiring an additional 85 shares in the last quarter. Institutional investors own 86.58% of the company’s stock.

American Water Works Stock Up 0.0%

Shares of AWK stock opened at $140.07 on Wednesday. American Water Works Company, Inc. has a 1 year low of $118.74 and a 1 year high of $155.50. The stock has a market cap of $27.33 billion, a PE ratio of 25.24, a price-to-earnings-growth ratio of 3.31 and a beta of 0.69. The business’s fifty day moving average is $142.57 and its 200-day moving average is $142.60. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.35.

American Water Works (NYSE:AWK) last issued its 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). The company had revenue of $1.28 billion during 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%.The business’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.42 earnings per share. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. Equities analysts expect that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

American Water Works Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Tuesday, August 12th were issued a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Tuesday, August 12th. American Water Works’s payout ratio is presently 59.64%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on AWK shares. Wells Fargo & Company cut their target price on 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. UBS Group cut their target price on 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. Wall Street Zen cut American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday, May 14th. Barclays lowered their price target 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. Finally, Argus lifted their price target on American Water Works from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, August 14th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average 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.