E. Ohman J or Asset Management AB Has $1.15 Million Stock Position in American Water Works Company, Inc. $AWK

E. Ohman J or Asset Management AB cut its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 6.8% in the second quarter, HoldingsChannel reports. The fund owned 8,251 shares of the utilities provider’s stock after selling 599 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in American Water Works were worth $1,148,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Cloud Capital Management LLC acquired a new stake in shares of American Water Works during the first quarter worth approximately $29,000. WPG Advisers LLC purchased a new stake in American Water Works in the 1st quarter worth approximately $29,000. Flaharty Asset Management LLC acquired a new stake in shares of American Water Works during the 1st quarter valued at $30,000. Capital A Wealth Management LLC purchased a new position in shares of American Water Works during the 4th quarter valued at $33,000. Finally, Wayfinding Financial LLC acquired a new position in shares of American Water Works in the first quarter worth $48,000. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Price Performance

Shares of American Water Works stock opened at $137.58 on Tuesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.35 and a quick ratio of 0.32. The company has a market cap of $26.84 billion, a PE ratio of 24.79, a price-to-earnings-growth ratio of 3.30 and a beta of 0.69. The firm has a fifty day moving average price of $142.47 and a two-hundred day moving average price of $142.75. 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 data on Wednesday, July 30th. The utilities provider reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.05). American Water Works had a net margin of 21.91% and a return on equity of 10.34%. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the company posted $1.42 EPS. The firm’s quarterly revenue 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 expect that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 12th were given a $0.8275 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 2.4%. American Water Works’s dividend payout ratio (DPR) is currently 59.64%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AWK. Argus lifted their price objective 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. Mizuho lifted their price target on American Water Works from $148.00 to $149.00 and gave the company a “neutral” rating in a report on Friday, August 1st. UBS Group lowered their price target on American Water Works from $156.00 to $151.00 and set a “neutral” rating for the company in a research note on Tuesday, August 12th. Wells Fargo & Company cut their price objective on shares of 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, Barclays decreased their target price on shares of American Water Works from $138.00 to $128.00 and set an “underweight” rating for the company in a research report on Thursday, July 10th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus 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.