Boston Trust Walden Corp raised its position in American Water Works Company, Inc. (NYSE:AWK – Free Report) by 7.7% during the 2nd quarter, Holdings Channel reports. The firm owned 100,322 shares of the utilities provider’s stock after acquiring an additional 7,149 shares during the quarter. Boston Trust Walden Corp’s holdings in American Water Works were worth $13,956,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of AWK. Oliver Lagore Vanvalin Investment Group acquired a new stake in American Water Works in the second quarter valued at $28,000. Concord Wealth Partners acquired a new stake in American Water Works in the second quarter valued at $28,000. Cloud Capital Management LLC acquired a new stake in American Water Works in the first quarter valued at $29,000. WPG Advisers LLC acquired a new stake in American Water Works in the first quarter valued at $29,000. Finally, Flaharty Asset Management LLC acquired a new stake in American Water Works in the first quarter valued at $30,000. Institutional investors and hedge funds own 86.58% of the company’s stock.
Analyst Ratings Changes
Several analysts have recently issued reports on the company. Weiss Ratings restated a “hold (c+)” rating on shares of American Water Works in a research report on Wednesday, October 8th. Argus upped their price objective 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. Mizuho upped 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. Barclays reduced 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. Finally, Wells Fargo & Company reduced 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. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, American Water Works has a consensus rating of “Hold” and a consensus target price of $143.57.
American Water Works Stock Performance
NYSE AWK opened at $141.54 on Wednesday. The business’s 50-day moving average price is $140.72 and its 200 day moving average price is $142.11. American Water Works Company, Inc. has a twelve month low of $118.74 and a twelve month high of $155.50. The company has a market capitalization of $27.61 billion, a PE ratio of 25.50, a price-to-earnings-growth ratio of 3.35 and a beta of 0.70. 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 (NYSE:AWK – Get Free Report) last released 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). American Water Works had a return on equity of 10.34% and a net margin of 21.91%.The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the company posted $1.42 earnings per share. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. On average, research analysts predict that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.
American Water Works Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders 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 2.3%. The ex-dividend date was Tuesday, August 12th. American Water Works’s dividend payout ratio (DPR) is 59.64%.
American Water Works Company 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.
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