American Water Works Company, Inc. to Post Q4 2024 Earnings of $0.99 Per Share, Zacks Research Forecasts (NYSE:AWK)

American Water Works Company, Inc. (NYSE:AWK) – Zacks Research boosted their Q4 2024 earnings per share estimates for American Water Works in a research note issued on Tuesday, April 16th. Zacks Research analyst J. Saha now expects that the utilities provider will post earnings of $0.99 per share for the quarter, up from their prior forecast of $0.98. The consensus estimate for American Water Works’ current full-year earnings is $5.24 per share. Zacks Research also issued estimates for American Water Works’ Q1 2025 earnings at $1.15 EPS and Q3 2025 earnings at $1.83 EPS.

Other equities research analysts have also issued research reports about the stock. Evercore ISI lowered shares of American Water Works from an “outperform” rating to an “in-line” rating and cut their price target for the stock from $160.00 to $135.00 in a report on Friday, February 16th. StockNews.com cut shares of American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd.

American Water Works Stock Up 1.7 %

AWK stock opened at $117.33 on Thursday. The firm has a market cap of $22.86 billion, a PE ratio of 23.99, a P/E/G ratio of 2.72 and a beta of 0.63. American Water Works has a one year low of $113.34 and a one year high of $152.99. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.59 and a current ratio of 0.65. The firm’s fifty day moving average is $119.36 and its 200 day moving average is $124.13.

American Water Works (NYSE:AWK) last announced its quarterly earnings results on Thursday, February 15th. The utilities provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.04. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. American Water Works had a return on equity of 9.70% and a net margin of 22.30%. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period last year, the firm earned $0.81 EPS.

Insiders Place Their Bets

In other American Water Works news, EVP Melanie M. Kennedy sold 843 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $119.59, for a total value of $100,814.37. Following the completion of the sale, the executive vice president now directly owns 16,240 shares in the company, valued at approximately $1,942,141.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.08% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On American Water Works

Hedge funds have recently made changes to their positions in the stock. Thrivent Financial for Lutherans boosted its holdings in American Water Works by 1.0% in the third quarter. Thrivent Financial for Lutherans now owns 8,088 shares of the utilities provider’s stock valued at $1,053,000 after purchasing an additional 78 shares during the period. Diversified LLC grew its holdings in shares of American Water Works by 3.2% during the fourth quarter. Diversified LLC now owns 2,547 shares of the utilities provider’s stock worth $336,000 after buying an additional 80 shares during the last quarter. Sunbelt Securities Inc. increased its holdings in shares of American Water Works by 1.8% in the second quarter. Sunbelt Securities Inc. now owns 4,548 shares of the utilities provider’s stock valued at $649,000 after purchasing an additional 82 shares during the period. Brookstone Capital Management increased its stake in American Water Works by 4.8% in the 4th quarter. Brookstone Capital Management now owns 1,809 shares of the utilities provider’s stock valued at $239,000 after buying an additional 83 shares during the period. Finally, Headlands Technologies LLC increased its stake in shares of American Water Works by 10.4% during the fourth quarter. Headlands Technologies LLC now owns 894 shares of the utilities provider’s stock worth $118,000 after acquiring an additional 84 shares during the period. Hedge funds and other institutional investors own 86.58% of the company’s stock.

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.