ASR Vermogensbeheer N.V. Acquires 33,683 Shares of American Water Works Company, Inc. $AWK

ASR Vermogensbeheer N.V. increased its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 7.7% during the 2nd quarter, Holdings Channel.com reports. The fund owned 473,394 shares of the utilities provider’s stock after acquiring an additional 33,683 shares during the period. American Water Works accounts for about 0.9% of ASR Vermogensbeheer N.V.’s portfolio, making the stock its 15th largest position. ASR Vermogensbeheer N.V.’s holdings in American Water Works were worth $65,851,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD grew its stake in shares of 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 purchasing an additional 3,327,352 shares during the period. Pictet Asset Management Holding SA boosted 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 buying an additional 878,951 shares in the last quarter. Groupama Asset Managment boosted its stake in 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 valued at $2,296,000 after buying an additional 802,639 shares in the last quarter. Nuveen LLC bought a new stake in American Water Works in the first quarter valued at $103,053,000. Finally, BROOKFIELD Corp ON raised its stake in American Water Works by 2,486.6% during the first quarter. BROOKFIELD Corp ON now owns 571,080 shares of the utilities provider’s stock worth $84,246,000 after acquiring an additional 549,002 shares in the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Price Performance

Shares of AWK stock opened at $136.11 on Thursday. American Water Works Company, Inc. has a 1 year low of $118.74 and a 1 year high of $155.50. The company has a current ratio of 0.35, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The firm’s 50 day moving average is $141.00 and its 200-day moving average is $142.26. The firm has a market capitalization of $26.55 billion, a price-to-earnings ratio of 24.52, a PEG ratio of 3.30 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 company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the firm earned $1.42 EPS. The business’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. 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 company also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 12th were paid 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 59.64%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Mizuho boosted their target price 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. UBS Group dropped their price objective 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. Wells Fargo & Company cut their target price on shares of American Water Works from $147.00 to $141.00 and set an “equal weight” rating for the company in a research note on Friday, August 1st. Barclays decreased their price target on American Water Works from $138.00 to $128.00 and set an “underweight” rating on the stock in a research report on Thursday, July 10th. Finally, Argus lifted their price objective on American Water Works from $155.00 to $160.00 and gave the company a “buy” rating in a research report 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $141.13.

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.