Avidian Wealth Enterprises LLC Purchases Shares of 4,669 American Water Works Company, Inc. $AWK

Avidian Wealth Enterprises LLC purchased a new position in shares of American Water Works Company, Inc. (NYSE:AWK) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,669 shares of the utilities provider’s stock, valued at approximately $650,000.

Several other institutional investors have also recently modified their holdings of AWK. Rakuten Investment Management Inc. purchased a new stake in American Water Works in the third quarter worth approximately $7,692,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of American Water Works by 9.2% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 410,064 shares of the utilities provider’s stock worth $57,077,000 after acquiring an additional 34,437 shares during the last quarter. Demars Financial Group LLC purchased a new stake in shares of American Water Works in the 3rd quarter valued at $621,000. Grey Fox Wealth Advisors LLC bought a new position in shares of American Water Works during the 3rd quarter valued at $27,000. Finally, Middleton & Co. Inc. MA grew its holdings in shares of American Water Works by 56.6% during the 3rd quarter. Middleton & Co. Inc. MA now owns 33,509 shares of the utilities provider’s stock valued at $4,664,000 after purchasing an additional 12,114 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors.

American Water Works Stock Up 0.5%

Shares of American Water Works stock opened at $131.59 on Friday. The company has a current ratio of 0.42, a quick ratio of 0.39 and a debt-to-equity ratio of 1.19. American Water Works Company, Inc. has a 12-month low of $120.63 and a 12-month high of $155.50. The company has a market cap of $25.68 billion, a P/E ratio of 23.13, a PEG ratio of 3.04 and a beta of 0.76. The company’s fifty day simple moving average is $130.65 and its two-hundred day simple moving average is $136.54.

American Water Works (NYSE:AWK) last announced its earnings results on Wednesday, October 29th. The utilities provider reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.04. American Water Works had a net margin of 21.93% and a return on equity of 10.48%. The firm had revenue of $1.45 billion for 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 company’s revenue for the quarter 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 and its FY 2026 guidance at 6.020-6.120 EPS. Research analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 10th will be given a $0.8275 dividend. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $3.31 annualized dividend and a dividend yield of 2.5%. American Water Works’s dividend payout ratio is currently 58.17%.

Analysts Set New Price Targets

AWK has been the subject of several analyst reports. TD Cowen began coverage on shares of American Water Works in a research report on Thursday, October 16th. They set a “hold” rating and a $155.00 price target for the company. Mizuho set a $145.00 target price on American Water Works in a research note on Tuesday, October 28th. Bank of America upgraded American Water Works from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $117.00 to $139.00 in a research report on Monday, January 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Water Works in a research note on Monday, December 29th. Finally, Barclays dropped their price objective on 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. One research analyst has rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, American Water Works has a consensus rating of “Hold” and an average price target of $139.60.

About American Water Works

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.