Brighton Jones LLC Purchases Shares of 1,601 American Water Works Company, Inc. $AWK

Brighton Jones LLC purchased a new position in shares of American Water Works Company, Inc. (NYSE:AWK) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,601 shares of the utilities provider’s stock, valued at approximately $223,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Oliver Lagore Vanvalin Investment Group purchased a new position in American Water Works during the second quarter worth about $28,000. Concord Wealth Partners purchased a new position in American Water Works during the second quarter worth about $28,000. Cloud Capital Management LLC purchased a new position in American Water Works during the first quarter worth about $29,000. WPG Advisers LLC purchased a new position in American Water Works in the first quarter valued at about $29,000. Finally, Flaharty Asset Management LLC purchased a new position in American Water Works in the first quarter valued at about $30,000. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AWK has been the topic of a number of research analyst reports. TD Cowen initiated coverage on shares of American Water Works in a research note on Thursday, October 16th. They issued a “hold” rating and a $155.00 target price on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of American Water Works in a research note on Wednesday, October 8th. Cowen initiated coverage on shares of American Water Works in a research note on Wednesday, October 15th. They issued a “hold” rating on the stock. Barclays boosted their target price on shares of American Water Works from $128.00 to $134.00 and gave the company an “underweight” rating in a research note on Tuesday, October 21st. Finally, Mizuho set a $145.00 price target on shares of American Water Works in a research note on Tuesday. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, American Water Works presently has an average rating of “Hold” and a consensus target price of $145.38.

American Water Works Price Performance

Shares of NYSE:AWK opened at $128.48 on Friday. The company’s fifty day moving average price is $139.33 and its 200-day moving average price is $141.59. The firm has a market capitalization of $25.07 billion, a price-to-earnings ratio of 22.58, a PEG ratio of 2.84 and a beta of 0.70. American Water Works Company, Inc. has a one year low of $118.74 and a one year high of $155.50. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.35 and a quick ratio of 0.32.

American Water Works (NYSE:AWK) last issued its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.04. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.36 billion. American Water Works had a net margin of 21.93% and a return on equity of 10.57%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.80 EPS. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. FY 2026 guidance at 6.020-6.120 EPS. On average, equities research analysts anticipate that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

American Water Works Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Thursday, November 13th will be issued a dividend of $0.8275 per share. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $3.31 annualized dividend and a dividend yield of 2.6%. American Water Works’s dividend payout ratio (DPR) is currently 58.17%.

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.