Cerity Partners LLC Has $34.74 Million Holdings in American Water Works Company, Inc. $AWK

Cerity Partners LLC raised its position in American Water Works Company, Inc. (NYSE:AWK) by 2.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 249,551 shares of the utilities provider’s stock after purchasing an additional 4,815 shares during the period. Cerity Partners LLC owned 0.13% of American Water Works worth $34,735,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Werlinich Asset Management LLC lifted its holdings in American Water Works by 1.9% in the third quarter. Werlinich Asset Management LLC now owns 4,044 shares of the utilities provider’s stock valued at $563,000 after buying an additional 75 shares during the period. Obermeyer Wealth Partners raised its position in shares of American Water Works by 3.4% in the 2nd quarter. Obermeyer Wealth Partners now owns 2,280 shares of the utilities provider’s stock worth $317,000 after acquiring an additional 76 shares in the last quarter. Birchcreek Wealth Management LLC lifted its stake in shares of American Water Works by 5.4% in the 2nd quarter. Birchcreek Wealth Management LLC now owns 1,558 shares of the utilities provider’s stock valued at $217,000 after purchasing an additional 80 shares during the period. Cahaba Wealth Management Inc. boosted its position in shares of American Water Works by 0.4% during the 3rd quarter. Cahaba Wealth Management Inc. now owns 21,251 shares of the utilities provider’s stock valued at $2,958,000 after purchasing an additional 80 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC grew its stake in American Water Works by 2.7% during the second quarter. Safe Harbor Fiduciary LLC now owns 3,075 shares of the utilities provider’s stock worth $428,000 after purchasing an additional 81 shares during the period. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Stock Up 1.6%

Shares of NYSE AWK opened at $129.35 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.42 and a quick ratio of 0.39. The company has a 50-day moving average price of $130.21 and a 200-day moving average price of $137.16. The stock has a market capitalization of $25.25 billion, a P/E ratio of 22.73, a P/E/G ratio of 3.08 and a beta of 0.76. American Water Works Company, Inc. has a 1 year low of $118.74 and a 1 year high of $155.50.

American Water Works (NYSE:AWK) last posted its earnings results on Wednesday, October 29th. The utilities provider reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.04. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.36 billion. American Water Works had a net margin of 21.93% and a return on equity of 10.48%. The firm’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.80 EPS. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS and its FY 2026 guidance at 6.020-6.120 EPS. On average, equities research analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 10th will be issued a dividend of $0.8275 per share. The ex-dividend date is Tuesday, February 10th. This represents a $3.31 annualized dividend and a yield of 2.6%. American Water Works’s dividend payout ratio is 58.17%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Wells Fargo & Company started coverage on American Water Works in a research note on Monday, October 27th. They issued an “equal weight” rating and a $142.00 price target on the stock. Barclays lowered their price objective on shares of American Water Works from $134.00 to $122.00 and set an “underweight” rating for the company in a research note on Wednesday, December 17th. Jefferies Financial Group raised shares of American Water Works from an “underperform” rating to a “hold” rating and increased their target price for the stock from $114.00 to $124.00 in a research note on Wednesday, November 5th. TD Cowen started coverage on shares of American Water Works in a report on Thursday, October 16th. They issued a “hold” rating and a $155.00 price target for the company. Finally, UBS Group set a $149.00 price objective on shares of American Water Works in a report on Wednesday, December 17th. One investment analyst has rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $141.44.

American Water Works Profile

American Water Works Company, Inc (NYSE: AWK) is a publicly traded utility company that provides water and wastewater services in the United States. Its core business is the operation, management and maintenance of regulated water and wastewater systems that deliver potable water, collect and treat wastewater, and provide related customer services to residential, commercial and industrial customers as well as municipalities. The company’s operations include water treatment and distribution, wastewater collection and treatment, meter reading and billing, emergency repairs, and long-term infrastructure planning and capital project execution.

In addition to its regulated utility operations, American Water offers complementary nonregulated services and solutions that support system reliability and customer needs.