Neo Ivy Capital Management Purchases 1,751 Shares of American Water Works Company, Inc. $AWK

Neo Ivy Capital Management raised its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 46.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,531 shares of the utilities provider’s stock after purchasing an additional 1,751 shares during the quarter. Neo Ivy Capital Management’s holdings in American Water Works were worth $769,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AWK. Avantax Advisory Services Inc. boosted its holdings in American Water Works by 1.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 13,699 shares of the utilities provider’s stock worth $2,021,000 after buying an additional 190 shares during the period. Cetera Investment Advisers lifted its position in shares of American Water Works by 37.8% in the first quarter. Cetera Investment Advisers now owns 62,772 shares of the utilities provider’s stock valued at $9,260,000 after acquiring an additional 17,222 shares in the last quarter. Stevens Capital Management LP bought a new position in shares of American Water Works in the first quarter worth about $309,000. Nvwm LLC grew its position in shares of American Water Works by 1.7% during the first quarter. Nvwm LLC now owns 15,512 shares of the utilities provider’s stock worth $2,288,000 after purchasing an additional 254 shares in the last quarter. Finally, HB Wealth Management LLC grew its position in shares of American Water Works by 52.8% during the first quarter. HB Wealth Management LLC now owns 5,108 shares of the utilities provider’s stock worth $754,000 after purchasing an additional 1,764 shares in the last quarter. 86.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of American Water Works in a research note on Wednesday. Wells Fargo & Company assumed coverage on shares of American Water Works in a report on Monday, October 27th. They issued an “equal weight” rating and a $142.00 target price on the stock. Mizuho set a $145.00 target price on shares of American Water Works in a research report on Tuesday, October 28th. TD Cowen began coverage on shares of American Water Works in a report on Thursday, October 16th. They issued a “hold” rating and a $155.00 price target on the stock. Finally, Cowen began coverage on shares of American Water Works in a research note on Wednesday, October 15th. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, American Water Works currently has a consensus rating of “Hold” and an average target price of $143.00.

American Water Works Price Performance

American Water Works stock opened at $132.77 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 has a quick ratio of 0.32, a current ratio of 0.35 and a debt-to-equity ratio of 1.15. The firm’s fifty day moving average is $135.72 and its 200 day moving average is $139.82. The company has a market cap of $25.91 billion, a price-to-earnings ratio of 23.33, a PEG ratio of 2.84 and a beta of 0.72.

American Water Works (NYSE:AWK) last posted its earnings results on Wednesday, October 29th. The utilities provider reported $1.94 earnings per share 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 the consensus estimate 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 quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm posted $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. Sell-side analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Thursday, November 13th will be given a dividend of $0.8275 per share. 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 dividend payout ratio is 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.