Heck Capital Advisors LLC Purchases 157 Shares of American Water Works Company, Inc. $AWK

Heck Capital Advisors LLC grew its holdings in American Water Works Company, Inc. (NYSE:AWK) by 3.9% during the 2nd quarter, Holdings Channel reports. The firm owned 4,174 shares of the utilities provider’s stock after purchasing an additional 157 shares during the period. Heck Capital Advisors LLC’s holdings in American Water Works were worth $581,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Price T Rowe Associates Inc. MD grew 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 worth $546,562,000 after acquiring an additional 3,327,352 shares during the period. Pictet Asset Management Holding SA boosted its position in shares of American Water Works by 24.1% in the 1st quarter. Pictet Asset Management Holding SA now owns 4,532,131 shares of the utilities provider’s stock worth $668,566,000 after purchasing an additional 878,951 shares during the last quarter. Groupama Asset Managment boosted its position in shares of American Water Works by 114.3% in the 1st quarter. Groupama Asset Managment now owns 1,505,106 shares of the utilities provider’s stock worth $2,296,000 after purchasing an additional 802,639 shares during the last quarter. Nuveen LLC acquired a new stake in shares of American Water Works during the first quarter worth $103,053,000. Finally, BROOKFIELD Corp ON increased its holdings in American Water Works by 2,486.6% in the first quarter. BROOKFIELD Corp ON now owns 571,080 shares of the utilities provider’s stock valued at $84,246,000 after purchasing an additional 549,002 shares during the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on AWK shares. Weiss Ratings restated a “hold (c+)” rating on shares of American Water Works in a report on Saturday, September 27th. Mizuho increased their price target on shares of American Water Works from $148.00 to $149.00 and gave the company a “neutral” rating in a research report on Friday, August 1st. Argus boosted their price objective on shares of American Water Works from $155.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, August 14th. Barclays cut their target price on shares of American Water Works from $138.00 to $128.00 and set an “underweight” rating on the stock in a report on Thursday, July 10th. Finally, UBS Group decreased their price target on shares of American Water Works from $156.00 to $151.00 and set a “neutral” rating for the company in a report on Tuesday, August 12th. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, American Water Works presently has a consensus rating of “Hold” and a consensus target price of $143.57.

American Water Works Stock Up 0.8%

American Water Works stock opened at $138.91 on Tuesday. The company has a 50 day moving average of $140.86 and a 200-day moving average of $142.13. 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 twelve month low of $118.74 and a twelve month high of $155.50. The stock has a market capitalization of $27.10 billion, a PE ratio of 25.03, a price-to-earnings-growth ratio of 3.26 and a beta of 0.70.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.05). The company had revenue of $1.28 billion for 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 company’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.42 earnings per share. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. On average, equities research analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 12th were given a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, August 12th. American Water Works’s dividend payout ratio is currently 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.