Archford Capital Strategies LLC Has $922,000 Stock Holdings in American Water Works Company, Inc. $AWK

Archford Capital Strategies LLC cut its holdings in American Water Works Company, Inc. (NYSE:AWK) by 65.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 6,628 shares of the utilities provider’s stock after selling 12,606 shares during the quarter. Archford Capital Strategies LLC’s holdings in American Water Works were worth $922,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in American Water Works by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 25,248,263 shares of the utilities provider’s stock valued at $3,724,624,000 after acquiring an additional 141,038 shares in the last quarter. Pictet Asset Management Holding SA lifted its stake in 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 valued at $668,566,000 after acquiring an additional 878,951 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in American Water Works by 881.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,704,995 shares of the utilities provider’s stock valued at $546,562,000 after acquiring an additional 3,327,352 shares in the last quarter. Northern Trust Corp lifted its stake in American Water Works by 3.6% in the 1st quarter. Northern Trust Corp now owns 3,479,406 shares of the utilities provider’s stock valued at $513,282,000 after acquiring an additional 121,680 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in American Water Works by 16.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,134,358 shares of the utilities provider’s stock valued at $314,861,000 after acquiring an additional 295,928 shares in the last quarter. Institutional investors own 86.58% of the company’s stock.

American Water Works Trading Up 0.4%

Shares of American Water Works stock opened at $136.94 on Tuesday. American Water Works Company, Inc. has a 12-month low of $118.74 and a 12-month high of $155.50. The stock has a market cap of $26.72 billion, a P/E ratio of 24.67, a P/E/G ratio of 3.23 and a beta of 0.69. 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 business’s 50 day moving average is $141.23 and its 200-day moving average is $142.32.

American Water Works (NYSE:AWK) last announced its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the company earned $1.42 EPS. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. Equities research analysts predict 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 declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Tuesday, August 12th were paid a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Tuesday, August 12th. American Water Works’s dividend payout ratio is 59.64%.

Analysts Set New Price Targets

AWK has been the topic of several research reports. Argus boosted their target price on American Water Works from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, August 14th. Wells Fargo & Company cut their target price on 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. Barclays cut their target price on American Water Works from $138.00 to $128.00 and set an “underweight” rating on the stock in a research note on Thursday, July 10th. UBS Group cut their target price on American Water Works from $156.00 to $151.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 12th. Finally, Mizuho upped their price objective on American Water Works from $148.00 to $149.00 and gave the stock a “neutral” rating in a research note on Friday, August 1st. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price 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.