17 Capital Partners LLC Acquires 1,144 Shares of American Water Works Company, Inc. $AWK

17 Capital Partners LLC boosted its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 23.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,058 shares of the utilities provider’s stock after purchasing an additional 1,144 shares during the period. 17 Capital Partners LLC’s holdings in American Water Works were worth $843,000 as of its most recent SEC filing.

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

American Water Works Stock Down 2.2%

NYSE:AWK opened at $127.06 on Thursday. 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 12-month low of $118.74 and a 12-month high of $155.50. The stock’s fifty day simple moving average is $136.08 and its 200-day simple moving average is $140.01. The firm has a market capitalization of $24.79 billion, a P/E ratio of 22.33, a P/E/G ratio of 2.84 and a beta of 0.72.

American Water Works (NYSE:AWK) last released its earnings results on Wednesday, October 29th. The utilities provider reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.04. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.36 billion. American Water Works had a return on equity of 10.57% and a net margin of 21.93%.The company’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.80 earnings per share. 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 earnings per share for the current year.

American Water Works Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Thursday, November 13th will be issued 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 payout ratio is 58.17%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Barclays increased their price target on shares of American Water Works from $128.00 to $134.00 and gave the company an “underweight” rating in a research note on Tuesday, October 21st. Cowen initiated coverage on American Water Works in a research report on Wednesday, October 15th. They issued a “hold” rating on the stock. TD Cowen assumed coverage on American Water Works in a research report on Thursday, October 16th. They set a “hold” rating and a $155.00 target price for the company. Mizuho set a $145.00 price target on American Water Works in a report on Tuesday, October 28th. Finally, 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. One analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $143.00.

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.