Cromwell Holdings LLC Buys 114 Shares of American Water Works Company, Inc. $AWK

Cromwell Holdings LLC increased its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 24.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 588 shares of the utilities provider’s stock after buying an additional 114 shares during the quarter. Cromwell Holdings LLC’s holdings in American Water Works were worth $82,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of American Water Works by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 25,248,263 shares of the utilities provider’s stock worth $3,724,624,000 after buying an additional 141,038 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in shares of American Water Works by 24.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 4,532,131 shares of the utilities provider’s stock worth $668,566,000 after buying an additional 878,951 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of American Water Works by 881.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,704,995 shares of the utilities provider’s stock worth $546,562,000 after buying an additional 3,327,352 shares during the last quarter. Northern Trust Corp lifted its position in shares of American Water Works by 3.6% during the 1st quarter. Northern Trust Corp now owns 3,479,406 shares of the utilities provider’s stock worth $513,282,000 after buying an additional 121,680 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of American Water Works by 16.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,134,358 shares of the utilities provider’s stock worth $314,861,000 after buying an additional 295,928 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors.

American Water Works Price Performance

American Water Works stock opened at $135.54 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. The company has a market capitalization of $26.44 billion, a PE ratio of 24.42, a P/E/G ratio of 3.22 and a beta of 0.70. American Water Works Company, Inc. has a 12 month low of $118.74 and a 12 month high of $155.50. The stock has a 50-day moving average price of $140.90 and a two-hundred day moving average price of $142.19.

American Water Works (NYSE:AWK) last posted its earnings results on Wednesday, July 30th. The utilities provider reported $1.48 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.05). The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.22 billion. American Water Works had a net margin of 21.91% and a return on equity of 10.34%. American Water Works’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.42 earnings per share. 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 Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts recently weighed in on AWK shares. UBS Group dropped their price objective on American Water Works from $156.00 to $151.00 and set a “neutral” rating for the company in a research report on Tuesday, August 12th. Mizuho upped their price objective on American Water Works from $148.00 to $149.00 and gave the stock a “neutral” rating in a research report on Friday, August 1st. Barclays dropped their price objective on 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. Argus increased 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. Finally, Wells Fargo & Company dropped their target price on American Water Works from $147.00 to $141.00 and set an “equal weight” rating for the company in a research report on Friday, August 1st. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, American Water Works has an average rating of “Reduce” and an average price target of $141.13.

About American Water Works

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.