Strong Tower Advisory Services Purchases 892 Shares of American Water Works Company, Inc. $AWK

Strong Tower Advisory Services grew its position in American Water Works Company, Inc. (NYSE:AWK) by 5.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,702 shares of the utilities provider’s stock after purchasing an additional 892 shares during the quarter. Strong Tower Advisory Services’ holdings in American Water Works were worth $2,323,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Oliver Lagore Vanvalin Investment Group bought a new position in American Water Works during the second quarter worth $28,000. Cloud Capital Management LLC bought a new position in American Water Works during the first quarter worth $29,000. WPG Advisers LLC bought a new position in American Water Works during the first quarter worth $29,000. Flaharty Asset Management LLC bought a new position in American Water Works during the first quarter worth $30,000. Finally, REAP Financial Group LLC boosted its stake in American Water Works by 157.3% during the second quarter. REAP Financial Group LLC now owns 283 shares of the utilities provider’s stock worth $39,000 after acquiring an additional 173 shares in the last quarter. 86.58% of the stock is owned by institutional investors.

American Water Works Stock Performance

NYSE AWK opened at $142.78 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 50-day simple moving average of $140.87 and a 200 day simple moving average of $142.16. 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 $27.86 billion, a PE ratio of 25.73, a price-to-earnings-growth ratio of 3.34 and a beta of 0.70.

American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, July 30th. The utilities provider reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.05). The business had revenue of $1.28 billion for 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%.American Water Works’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.42 EPS. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. On average, research analysts predict that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 12th were given a dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Tuesday, August 12th. American Water Works’s dividend payout ratio (DPR) is currently 59.64%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on AWK shares. Argus increased their target price on shares of American Water Works from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, August 14th. Barclays cut their target price on shares of 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of American Water Works in a research note on Wednesday. Mizuho raised their price objective 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, UBS Group dropped their price objective on shares of 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. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $143.57.

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.