Voya Investment Management LLC Acquires 218 Shares of American Water Works Company, Inc. $AWK

Voya Investment Management LLC boosted its holdings in American Water Works Company, Inc. (NYSE:AWK) by 0.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 69,896 shares of the utilities provider’s stock after purchasing an additional 218 shares during the quarter. Voya Investment Management LLC’s holdings in American Water Works were worth $10,311,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Sumitomo Life Insurance Co. increased its holdings in American Water Works by 1.5% in the first quarter. Sumitomo Life Insurance Co. now owns 4,679 shares of the utilities provider’s stock worth $690,000 after purchasing an additional 70 shares in the last quarter. Sargent Investment Group LLC increased its holdings in shares of American Water Works by 2.6% during the first quarter. Sargent Investment Group LLC now owns 2,795 shares of the utilities provider’s stock valued at $412,000 after acquiring an additional 70 shares in the last quarter. Private Trust Co. NA increased its holdings in shares of American Water Works by 4.8% during the first quarter. Private Trust Co. NA now owns 1,607 shares of the utilities provider’s stock valued at $237,000 after acquiring an additional 74 shares in the last quarter. Foundations Investment Advisors LLC increased its holdings in shares of American Water Works by 5.0% during the first quarter. Foundations Investment Advisors LLC now owns 1,726 shares of the utilities provider’s stock valued at $255,000 after acquiring an additional 82 shares in the last quarter. Finally, Principal Securities Inc. increased its holdings in shares of American Water Works by 1.4% during the first quarter. Principal Securities Inc. now owns 6,157 shares of the utilities provider’s stock valued at $908,000 after acquiring an additional 85 shares in the last quarter. 86.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on AWK. Barclays decreased their price objective on American Water Works from $138.00 to $128.00 and set an “underweight” rating for the company in a report on Thursday, July 10th. Mizuho boosted their price objective on American Water Works from $148.00 to $149.00 and gave the company a “neutral” rating in a report on Friday, August 1st. Wells Fargo & Company decreased their price objective 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. Argus boosted their price objective on American Water Works from $155.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, August 14th. Finally, UBS Group decreased 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. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, American Water Works presently has an average rating of “Reduce” and a consensus target price of $143.30.

American Water Works Stock Performance

NYSE:AWK opened at $136.25 on Wednesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.35. American Water Works Company, Inc. has a 52-week low of $118.74 and a 52-week high of $155.50. The firm has a market cap of $26.58 billion, a price-to-earnings ratio of 24.55, a PEG ratio of 3.26 and a beta of 0.69. The business’s fifty day moving average is $142.37 and its 200 day moving average is $142.70.

American Water Works (NYSE:AWK) last released its quarterly earnings data 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). The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.22 billion. American Water Works had a net margin of 21.91% and a return on equity of 10.34%. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.42 earnings per share. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. Research analysts predict that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 12th were paid a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Tuesday, August 12th. American Water Works’s dividend payout ratio is currently 59.64%.

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.