American Water Works Company, Inc. $AWK Shares Bought by Evelyn Partners Investment Management LLP

Evelyn Partners Investment Management LLP grew its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 183.0% during the second quarter, Holdings Channel reports. The firm owned 33,632 shares of the utilities provider’s stock after purchasing an additional 21,750 shares during the quarter. Evelyn Partners Investment Management LLP’s holdings in American Water Works were worth $4,679,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Obermeyer Wealth Partners increased its stake in American Water Works by 3.4% during the 2nd quarter. Obermeyer Wealth Partners now owns 2,280 shares of the utilities provider’s stock worth $317,000 after buying an additional 76 shares during the period. Birchcreek Wealth Management LLC boosted its holdings in American Water Works by 5.4% in the second quarter. Birchcreek Wealth Management LLC now owns 1,558 shares of the utilities provider’s stock valued at $217,000 after purchasing an additional 80 shares during the period. Foundations Investment Advisors LLC grew its stake in American Water Works by 5.0% during the 1st quarter. Foundations Investment Advisors LLC now owns 1,726 shares of the utilities provider’s stock worth $255,000 after purchasing an additional 82 shares in the last quarter. Fortune Financial Advisors LLC increased its holdings in American Water Works by 5.9% during the 2nd quarter. Fortune Financial Advisors LLC now owns 1,573 shares of the utilities provider’s stock worth $219,000 after purchasing an additional 87 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its position in American Water Works by 8.9% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,167 shares of the utilities provider’s stock valued at $162,000 after purchasing an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Trading Up 3.6%

Shares of American Water Works stock opened at $132.77 on Friday. 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 company has a fifty day simple moving average of $135.72 and a 200-day simple moving average of $139.82. The stock has a market cap of $25.91 billion, a price-to-earnings ratio of 23.33, a PEG ratio of 2.84 and a beta of 0.72. American Water Works Company, Inc. has a 12-month low of $118.74 and a 12-month high of $155.50.

American Water Works (NYSE:AWK) last announced its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.04. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.36 billion. American Water Works had a net margin of 21.93% and a return on equity of 10.57%. American Water Works’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.80 earnings per share. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. FY 2026 guidance at 6.020-6.120 EPS. On average, equities 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 will be paid on Tuesday, December 2nd. Investors of record on Thursday, November 13th will be paid a dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Thursday, November 13th. American Water Works’s dividend payout ratio (DPR) is currently 58.17%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Argus raised their target price on shares of American Water Works from $155.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, August 14th. TD Cowen began coverage on shares of American Water Works in a research report on Thursday, October 16th. They issued a “hold” rating and a $155.00 price objective on the stock. Jefferies Financial Group upgraded shares of American Water Works from an “underperform” rating to a “hold” rating and raised their price objective for the company from $114.00 to $124.00 in a report on Wednesday, November 5th. Mizuho set a $145.00 target price on shares of American Water Works in a research note on Tuesday, October 28th. Finally, Wells Fargo & Company initiated coverage on American Water Works in a report on Monday, October 27th. They issued an “equal weight” rating and a $142.00 target price on the stock. One research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, American Water Works has a consensus rating of “Hold” and a consensus price target of $143.00.

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.