Asset Management One Co. Ltd. Reduces Stock Position in American Water Works Company, Inc. $AWK

Asset Management One Co. Ltd. lessened its holdings in American Water Works Company, Inc. (NYSE:AWK) by 1.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 108,859 shares of the utilities provider’s stock after selling 2,023 shares during the quarter. Asset Management One Co. Ltd.’s holdings in American Water Works were worth $15,143,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of American Water Works during the second quarter worth about $28,000. Concord Wealth Partners purchased a new position in shares of American Water Works during the second quarter worth about $28,000. Cloud Capital Management LLC purchased a new position in shares of American Water Works during the first quarter worth about $29,000. WPG Advisers LLC purchased a new position in shares of American Water Works during the first quarter worth about $29,000. Finally, Flaharty Asset Management LLC purchased a new position in shares of American Water Works during the first quarter worth about $30,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AWK. TD Cowen began coverage on American Water Works in a report on Thursday, October 16th. They set a “hold” rating and a $155.00 price objective on the stock. UBS Group dropped their price objective on American Water Works from $156.00 to $151.00 and set a “neutral” rating on the stock in a report on Tuesday, August 12th. Barclays raised their price target on American Water Works from $128.00 to $134.00 and gave the stock an “underweight” rating in a report on Tuesday, October 21st. Wells Fargo & Company lowered their price target on American Water Works from $147.00 to $141.00 and set an “equal weight” rating on the stock in a report on Friday, August 1st. Finally, Argus raised their price target on American Water Works from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, August 14th. One research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, American Water Works has a consensus rating of “Hold” and a consensus price target of $145.75.

American Water Works Price Performance

Shares of AWK opened at $141.64 on Monday. American Water Works Company, Inc. has a twelve month low of $118.74 and a twelve month high of $155.50. The stock’s 50 day moving average is $140.66 and its two-hundred day moving average is $142.02. The firm has a market capitalization of $27.63 billion, a PE ratio of 25.52, a P/E/G ratio of 3.39 and a beta of 0.70. The company has a current ratio of 0.35, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15.

American Water Works (NYSE:AWK) last posted its quarterly earnings results 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 net margin of 21.91% and a return on equity of 10.34%. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the business posted $1.42 earnings per share. American Water Works’s revenue 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. Research analysts anticipate that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 12th were issued a $0.8275 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $3.31 annualized dividend and a yield of 2.3%. American Water Works’s payout ratio is 59.64%.

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.