REAP Financial Group LLC Has $39,000 Stock Holdings in American Water Works Company, Inc. $AWK

REAP Financial Group LLC raised its stake in American Water Works Company, Inc. (NYSE:AWK) by 157.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 283 shares of the utilities provider’s stock after acquiring an additional 173 shares during the period. REAP Financial Group LLC’s holdings in American Water Works were worth $39,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AWK. Oliver Lagore Vanvalin Investment Group acquired a new position in American Water Works in the 2nd quarter valued at $28,000. Cloud Capital Management LLC acquired a new position in American Water Works in the 1st quarter valued at $29,000. WPG Advisers LLC acquired a new position in American Water Works in the 1st quarter valued at $29,000. Flaharty Asset Management LLC acquired a new position in American Water Works in the 1st quarter valued at $30,000. Finally, Wayfinding Financial LLC acquired a new position in American Water Works in the 1st quarter valued at $48,000. 86.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AWK shares. Argus boosted 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. Weiss Ratings reissued a “hold (c+)” rating on shares of American Water Works in a report on Wednesday. Mizuho boosted their price target on American Water Works from $148.00 to $149.00 and gave the stock a “neutral” rating in a report on Friday, August 1st. Wells Fargo & Company lowered their price target on American Water Works from $147.00 to $141.00 and set an “equal weight” rating for the company in a report on Friday, August 1st. Finally, UBS Group lowered their price target on American Water Works from $156.00 to $151.00 and set a “neutral” rating for the company in a report on Tuesday, August 12th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, American Water Works presently has a consensus rating of “Hold” and an average price target of $143.57.

American Water Works Stock Down 1.0%

AWK stock opened at $141.09 on Thursday. The stock’s 50 day simple moving average is $140.91 and its 200 day simple moving average is $142.13. American Water Works Company, Inc. has a fifty-two week low of $118.74 and a fifty-two week high of $155.50. 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 cap of $27.53 billion, a P/E ratio of 25.42, a price-to-earnings-growth ratio of 3.37 and a beta of 0.70.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.48 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.05). The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.22 billion. American Water Works had a return on equity of 10.34% and a net margin of 21.91%.The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period last year, the company earned $1.42 earnings per share. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. On average, research analysts expect that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

American Water Works Dividend Announcement

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

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.