Assetmark Inc. Acquires 1,304 Shares of American Water Works Company, Inc. $AWK

Assetmark Inc. lifted its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 181.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,021 shares of the utilities provider’s stock after buying an additional 1,304 shares during the quarter. Assetmark Inc.’s holdings in American Water Works were worth $281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of American Water Works in the 2nd quarter valued at approximately $28,000. WPG Advisers LLC bought a new position in shares of American Water Works during the 1st quarter worth $29,000. Flaharty Asset Management LLC purchased a new stake in shares of American Water Works in the 1st quarter worth approximately $30,000. Concord Wealth Partners bought a new position in shares of American Water Works in the 2nd quarter worth $28,000. Finally, GoalVest Advisory LLC raised its stake in shares of American Water Works by 8,566.7% during the 2nd quarter. GoalVest Advisory LLC now owns 260 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 257 shares in the last quarter. 86.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Barclays raised their target price on shares of American Water Works from $128.00 to $134.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 21st. Weiss Ratings reiterated a “hold (c+)” rating on shares of American Water Works in a report on Wednesday, October 8th. Wells Fargo & Company began coverage on shares of American Water Works in a research report on Monday, October 27th. They set an “equal weight” rating and a $142.00 price target on the stock. Argus raised their price objective on shares of American Water Works from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, August 14th. Finally, Cowen initiated coverage on shares of American Water Works in a research note on Wednesday, October 15th. They set a “hold” rating on the stock. One investment analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, American Water Works has a consensus rating of “Hold” and an average price target of $143.00.

American Water Works Stock Up 0.8%

American Water Works stock opened at $130.55 on Friday. American Water Works Company, Inc. has a 1-year low of $118.74 and a 1-year high of $155.50. The company has a market cap of $25.47 billion, a P/E ratio of 22.94, a price-to-earnings-growth ratio of 2.84 and a beta of 0.72. 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 $137.84 and a 200 day simple moving average of $140.96.

American Water Works (NYSE:AWK) last announced its earnings results on Wednesday, October 29th. The utilities provider reported $1.94 EPS for the quarter, topping the consensus estimate of $1.90 by $0.04. American Water Works had a net margin of 21.93% and a return on equity of 10.57%. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period last year, the firm earned $1.80 earnings per share. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. FY 2026 guidance at 6.020-6.120 EPS. Research analysts anticipate that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

American Water Works Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Thursday, November 13th will be paid a $0.8275 dividend. This represents a $3.31 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Thursday, November 13th. American Water Works’s payout ratio is 58.17%.

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.