American Water Works Company, Inc. $AWK Shares Acquired by Shelton Capital Management

Shelton Capital Management boosted its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 19.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,201 shares of the utilities provider’s stock after buying an additional 6,800 shares during the period. Shelton Capital Management’s holdings in American Water Works were worth $5,731,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of American Water Works during the second quarter worth $28,000. Concord Wealth Partners purchased a new position in American Water Works during the second quarter worth about $28,000. WPG Advisers LLC acquired a new position in American Water Works in the first quarter valued at approximately $29,000. Elevation Point Wealth Partners LLC purchased a new position in shares of American Water Works during the 2nd quarter worth $29,000. Finally, Flaharty Asset Management LLC acquired a new stake in shares of American Water Works during the first quarter valued at about $30,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AWK. Wells Fargo & Company started coverage on American Water Works in a report on Monday, October 27th. They issued an “equal weight” rating and a $142.00 price objective on the stock. Jefferies Financial Group upgraded shares of American Water Works from an “underperform” rating to a “hold” rating and increased their target price for the stock from $114.00 to $124.00 in a report on Wednesday, November 5th. Argus boosted their price target on shares of American Water Works from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, August 14th. Barclays upped their price objective on American Water Works from $128.00 to $134.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 21st. Finally, Mizuho set a $145.00 target price on American Water Works in a report on Tuesday, October 28th. One research analyst has rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $143.00.

American Water Works Stock Up 0.8%

Shares of NYSE AWK opened at $131.06 on Tuesday. The business has a 50-day moving average price of $135.07 and a 200 day moving average price of $139.30. The stock has a market cap of $25.57 billion, a PE ratio of 23.03, a price-to-earnings-growth ratio of 2.84 and a beta of 0.72. The company has a quick ratio of 0.32, a current ratio of 0.35 and a debt-to-equity ratio of 1.15. 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) last issued its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.04. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.36 billion. American Water Works had a return on equity of 10.57% and a net margin of 21.93%.The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.80 earnings per share. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. FY 2026 guidance at 6.020-6.120 EPS. Equities research analysts forecast that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Thursday, November 13th will be paid a $0.8275 dividend. The ex-dividend date is Thursday, November 13th. This represents a $3.31 dividend on an annualized basis and a yield of 2.5%. American Water Works’s payout ratio is currently 58.17%.

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.