Thurston Springer Miller Herd & Titak Inc. Raises Holdings in American Water Works Company, Inc. $AWK

Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 16.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 13,935 shares of the utilities provider’s stock after acquiring an additional 2,012 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in American Water Works were worth $1,938,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Cloud Capital Management LLC purchased a new stake in shares of American Water Works during the first quarter worth about $29,000. WPG Advisers LLC purchased a new stake in shares of American Water Works during the first quarter worth about $29,000. Flaharty Asset Management LLC purchased a new stake in American Water Works in the first quarter valued at approximately $30,000. Capital A Wealth Management LLC purchased a new stake in American Water Works in the fourth quarter valued at approximately $33,000. Finally, Wayfinding Financial LLC purchased a new stake in American Water Works in the first quarter valued at approximately $48,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Trading Down 0.3%

American Water Works stock opened at $139.17 on Friday. The company has a current ratio of 0.35, a quick ratio of 0.32 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 50 day simple moving average is $142.51 and its two-hundred day simple moving average is $142.68. The firm has a market cap of $27.15 billion, a PE ratio of 25.08, a P/E/G ratio of 3.31 and a beta of 0.69.

American Water Works (NYSE:AWK) last released its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.48 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.05). American Water Works had a return on equity of 10.34% and a net margin of 21.91%.The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the company posted $1.42 EPS. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. Analysts anticipate that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 12th were paid a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, August 12th. American Water Works’s dividend payout ratio is presently 59.64%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on AWK shares. Argus upped their target price on American Water Works from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, August 14th. UBS Group dropped their target price on American Water Works from $156.00 to $151.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 12th. Barclays dropped their target price on American Water Works from $138.00 to $128.00 and set an “underweight” rating on the stock in a research report on Thursday, July 10th. Wells Fargo & Company dropped their target price on American Water Works from $147.00 to $141.00 and set an “equal weight” rating on the stock in a research report on Friday, August 1st. Finally, Mizuho upped their target price on American Water Works from $148.00 to $149.00 and gave the company a “neutral” rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $143.30.

American Water Works 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.