Mattern Capital Management LLC Has $8.37 Million Stock Holdings in American Water Works Company, Inc. $AWK

Mattern Capital Management LLC boosted its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 0.8% in the second quarter, HoldingsChannel reports. The firm owned 60,140 shares of the utilities provider’s stock after purchasing an additional 448 shares during the quarter. Mattern Capital Management LLC’s holdings in American Water Works were worth $8,366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its stake in shares of 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 buying an additional 3,327,352 shares during the last quarter. Pictet Asset Management Holding SA lifted its stake in shares of American Water Works by 24.1% during 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 buying an additional 878,951 shares during the last quarter. Groupama Asset Managment lifted its stake in shares of American Water Works by 114.3% during the 1st quarter. Groupama Asset Managment now owns 1,505,106 shares of the utilities provider’s stock worth $2,296,000 after buying an additional 802,639 shares during the last quarter. Nuveen LLC acquired a new stake in shares of American Water Works during the 1st quarter worth about $103,053,000. Finally, BROOKFIELD Corp ON lifted its stake in shares of American Water Works by 2,486.6% during the 1st quarter. BROOKFIELD Corp ON now owns 571,080 shares of the utilities provider’s stock worth $84,246,000 after buying an additional 549,002 shares during the last quarter. 86.58% of the stock is owned by institutional investors.

American Water Works Trading Down 0.4%

AWK stock opened at $135.54 on Friday. American Water Works Company, Inc. has a 52 week low of $118.74 and a 52 week high of $155.50. The company’s 50-day simple moving average is $140.90 and its 200 day simple moving average is $142.19. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.35. The company has a market capitalization of $26.44 billion, a PE ratio of 24.42, a price-to-earnings-growth ratio of 3.22 and a beta of 0.70.

American Water Works (NYSE:AWK) last posted its quarterly earnings data 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 firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the company earned $1.42 EPS. The company’s revenue for the quarter 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. As a group, sell-side analysts anticipate that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Tuesday, August 12th were given a dividend of $0.8275 per share. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $3.31 annualized dividend and a yield of 2.4%. American Water Works’s dividend payout ratio is currently 59.64%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Barclays cut their target price on shares of American Water Works from $138.00 to $128.00 and set an “underweight” rating for the company in a research note on Thursday, July 10th. UBS Group cut their target price on shares of American Water Works from $156.00 to $151.00 and set a “neutral” rating for the company in a research note on Tuesday, August 12th. Wells Fargo & Company decreased their price target on shares of 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. Mizuho upped 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 note on Friday, August 1st. Finally, Argus upped their price target on shares of American Water Works from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, August 14th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $141.13.

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.