Wealth Enhancement Advisory Services LLC Raises Position in American Water Works Company, Inc. $AWK

Wealth Enhancement Advisory Services LLC boosted its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 20.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 169,917 shares of the utilities provider’s stock after buying an additional 28,338 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.09% of American Water Works worth $24,215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. American National Bank & Trust purchased a new position in shares of American Water Works in the 3rd quarter valued at approximately $26,000. Concord Wealth Partners purchased a new stake in shares of American Water Works during the second quarter valued at $28,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in American Water Works in the 3rd quarter worth $28,000. Elevation Point Wealth Partners LLC acquired a new stake in American Water Works during the 2nd quarter worth about $29,000. Finally, GoalVest Advisory LLC increased its holdings in shares of American Water Works by 8,566.7% in the second quarter. GoalVest Advisory LLC now owns 260 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 257 shares during the period. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

American Water Works Trading Down 0.3%

Shares of American Water Works stock opened at $130.98 on Thursday. American Water Works Company, Inc. has a fifty-two week low of $120.63 and a fifty-two week high of $155.50. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.39 and a current ratio of 0.42. The company has a market cap of $25.56 billion, a P/E ratio of 23.02, a price-to-earnings-growth ratio of 3.05 and a beta of 0.76. The firm has a 50-day simple moving average of $130.65 and a two-hundred day simple moving average of $136.58.

American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.04. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.36 billion. American Water Works had a return on equity of 10.48% and a net margin of 21.93%.American Water Works’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.80 EPS. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS and its FY 2026 guidance at 6.020-6.120 EPS. As a group, equities analysts predict that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

American Water Works Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 10th will be paid a $0.8275 dividend. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $3.31 dividend on an annualized basis and a yield of 2.5%. American Water Works’s dividend payout ratio (DPR) is currently 58.17%.

Analyst Ratings Changes

A number of equities research analysts recently commented on AWK shares. UBS Group set a $149.00 target price on American Water Works in a research report on Wednesday, December 17th. Mizuho set a $145.00 price objective on shares of American Water Works in a research note on Tuesday, October 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Water Works in a report on Monday, December 29th. Jefferies Financial Group upgraded shares of American Water Works from an “underperform” rating to a “hold” rating and increased their price objective for the stock from $114.00 to $124.00 in a research note on Wednesday, November 5th. Finally, TD Cowen began coverage on shares of American Water Works in a research report on Thursday, October 16th. They set a “hold” rating and a $155.00 target price for the company. One research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $139.60.

American Water Works Company Profile

American Water Works Company, Inc (NYSE: AWK) is a publicly traded utility company that provides water and wastewater services in the United States. Its core business is the operation, management and maintenance of regulated water and wastewater systems that deliver potable water, collect and treat wastewater, and provide related customer services to residential, commercial and industrial customers as well as municipalities. The company’s operations include water treatment and distribution, wastewater collection and treatment, meter reading and billing, emergency repairs, and long-term infrastructure planning and capital project execution.

In addition to its regulated utility operations, American Water offers complementary nonregulated services and solutions that support system reliability and customer needs.