AlphaCore Capital LLC Makes New Investment in American Water Works Company, Inc. $AWK

AlphaCore Capital LLC purchased a new position in shares of American Water Works Company, Inc. (NYSE:AWK) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 679 shares of the utilities provider’s stock, valued at approximately $94,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oliver Lagore Vanvalin Investment Group purchased a new stake in American Water Works during the 2nd quarter worth about $28,000. Concord Wealth Partners purchased a new position in American Water Works during the 2nd quarter worth approximately $28,000. WPG Advisers LLC acquired a new stake in American Water Works during the 1st quarter worth $29,000. Flaharty Asset Management LLC purchased a new stake in American Water Works during the 1st quarter valued at approximately $30,000. Finally, GoalVest Advisory LLC increased its stake in American Water Works by 8,566.7% in the 2nd quarter. GoalVest Advisory LLC now owns 260 shares of the utilities provider’s stock valued at $36,000 after buying an additional 257 shares during the period. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AWK. Jefferies Financial Group upgraded American Water Works from an “underperform” rating to a “hold” rating and increased their price objective for the stock from $114.00 to $124.00 in a research report on Wednesday, November 5th. Cowen started coverage on shares of American Water Works in a research note on Wednesday, October 15th. They set a “hold” rating on the stock. Barclays increased their price objective on shares of American Water Works from $128.00 to $134.00 and gave the stock an “underweight” rating in a report on Tuesday, October 21st. Argus lifted their price target on shares of American Water Works from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, August 14th. Finally, Wells Fargo & Company assumed coverage on 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. One investment 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’s stock. According to data from MarketBeat.com, American Water Works currently has a consensus rating of “Hold” and an average price target of $143.00.

American Water Works Trading Down 0.3%

Shares of NYSE:AWK opened at $129.97 on Thursday. The company’s 50-day moving average price is $135.36 and its 200 day moving average price is $139.42. The company has a quick ratio of 0.32, a current ratio of 0.35 and a debt-to-equity ratio of 1.15. The company has a market cap of $25.36 billion, a PE ratio of 22.84, a P/E/G ratio of 2.84 and a beta of 0.72. American Water Works Company, Inc. has a fifty-two week low of $118.74 and a fifty-two week high of $155.50.

American Water Works (NYSE:AWK) last announced its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the firm posted $1.80 EPS. The firm’s quarterly revenue 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. Sell-side analysts anticipate that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Thursday, November 13th will be given a dividend of $0.8275 per share. The ex-dividend date is Thursday, November 13th. This represents a $3.31 annualized dividend and a dividend yield of 2.5%. American Water Works’s dividend payout ratio (DPR) 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.