AE Wealth Management LLC Raises Stock Position in American Water Works Company, Inc. $AWK

AE Wealth Management LLC grew its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 7.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,718 shares of the utilities provider’s stock after acquiring an additional 1,400 shares during the period. AE Wealth Management LLC’s holdings in American Water Works were worth $2,882,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Sumitomo Life Insurance Co. increased its stake in American Water Works by 1.5% in the 1st quarter. Sumitomo Life Insurance Co. now owns 4,679 shares of the utilities provider’s stock valued at $690,000 after purchasing an additional 70 shares in the last quarter. Sargent Investment Group LLC grew its holdings in American Water Works by 2.6% in the first quarter. Sargent Investment Group LLC now owns 2,795 shares of the utilities provider’s stock valued at $412,000 after purchasing an additional 70 shares during the last quarter. Obermeyer Wealth Partners increased its position in shares of American Water Works by 3.4% in the second quarter. Obermeyer Wealth Partners now owns 2,280 shares of the utilities provider’s stock valued at $317,000 after buying an additional 76 shares in the last quarter. Foundations Investment Advisors LLC increased its position in shares of American Water Works by 5.0% in the first quarter. Foundations Investment Advisors LLC now owns 1,726 shares of the utilities provider’s stock valued at $255,000 after buying an additional 82 shares in the last quarter. Finally, Fortune Financial Advisors LLC raised its stake in shares of American Water Works by 5.9% during the 2nd quarter. Fortune Financial Advisors LLC now owns 1,573 shares of the utilities provider’s stock worth $219,000 after buying an additional 87 shares during the last quarter. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Price Performance

AWK stock opened at $128.75 on Tuesday. The stock has a market capitalization of $25.12 billion, a price-to-earnings ratio of 22.63, a price-to-earnings-growth ratio of 2.84 and a beta of 0.72. The company has a quick ratio of 0.32, a current ratio of 0.35 and a debt-to-equity ratio of 1.15. American Water Works Company, Inc. has a 52-week low of $118.74 and a 52-week high of $155.50. The stock’s fifty day simple moving average is $137.54 and its 200-day simple moving average is $140.73.

American Water Works (NYSE:AWK) last released its earnings results on Wednesday, October 29th. The utilities provider reported $1.94 EPS for the quarter, beating the consensus estimate of $1.90 by $0.04. American Water Works had a return on equity of 10.57% and a net margin of 21.93%.The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the firm posted $1.80 earnings per share. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. FY 2026 guidance at 6.020-6.120 EPS. Equities research analysts expect that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Thursday, November 13th will be given a $0.8275 dividend. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $3.31 annualized dividend and a dividend yield of 2.6%. American Water Works’s dividend payout ratio (DPR) is currently 58.17%.

Wall Street Analyst Weigh In

AWK has been the subject of several recent research reports. Cowen initiated coverage on shares of American Water Works in a report on Wednesday, October 15th. They set a “hold” rating for the company. Argus lifted their price objective on American Water Works from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, August 14th. TD Cowen initiated coverage on American Water Works in a research note on Thursday, October 16th. They issued a “hold” rating and a $155.00 target price on the stock. Wells Fargo & Company assumed coverage on American Water Works in a report on Monday, October 27th. They set an “equal weight” rating and a $142.00 target price on the stock. Finally, Mizuho set a $145.00 price target on American Water Works in a report on Tuesday, October 28th. One research analyst has rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $143.00.

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.