Brown Miller Wealth Management LLC Buys 1,461 Shares of American Water Works Company, Inc. $AWK

Brown Miller Wealth Management LLC lifted its stake in American Water Works Company, Inc. (NYSE:AWK) by 90.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,077 shares of the utilities provider’s stock after purchasing an additional 1,461 shares during the period. Brown Miller Wealth Management LLC’s holdings in American Water Works were worth $428,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of AWK. Oliver Lagore Vanvalin Investment Group bought a new stake in American Water Works during the 2nd quarter valued at approximately $28,000. Cloud Capital Management LLC bought a new stake in shares of American Water Works during the first quarter valued at approximately $29,000. WPG Advisers LLC purchased a new stake in American Water Works in the first quarter worth $29,000. Flaharty Asset Management LLC bought a new position in American Water Works in the first quarter worth $30,000. Finally, Wayfinding Financial LLC bought a new position in American Water Works in the first quarter worth $48,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Price Performance

Shares of NYSE AWK opened at $137.97 on Friday. The firm has a market cap of $26.92 billion, a P/E ratio of 24.86, a PEG ratio of 3.26 and a beta of 0.70. American Water Works Company, Inc. has a twelve month low of $118.74 and a twelve month 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 company has a 50 day moving average of $140.86 and a 200 day moving average of $142.15.

American Water Works (NYSE:AWK) last posted its earnings results 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 business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.22 billion. American Water Works had a return on equity of 10.34% and a net margin of 21.91%.The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.42 EPS. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. As a group, research analysts expect 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 declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 12th were paid a $0.8275 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 2.4%. American Water Works’s payout ratio is currently 59.64%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AWK. Wells Fargo & Company reduced their target price on shares of American Water Works from $147.00 to $141.00 and set an “equal weight” rating on the stock in a research report on Friday, August 1st. Argus upped their price objective on shares of American Water Works from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, August 14th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of American Water Works in a research note on Saturday, September 27th. Barclays dropped 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, Mizuho raised their price objective on American Water Works from $148.00 to $149.00 and gave the company a “neutral” rating in a research report on Friday, August 1st. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, American Water Works presently has an average rating of “Reduce” and an average price target of $141.13.

American Water Works 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.