Relyea Zuckerberg Hanson LLC Sells 85 Shares of American Water Works Company, Inc. $AWK

Relyea Zuckerberg Hanson LLC lowered its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 1.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,791 shares of the utilities provider’s stock after selling 85 shares during the quarter. Relyea Zuckerberg Hanson LLC’s holdings in American Water Works were worth $666,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of American Water Works during the second quarter worth approximately $28,000. Cloud Capital Management LLC acquired a new stake in American Water Works during the 1st quarter worth $29,000. WPG Advisers LLC bought a new stake in shares of American Water Works during the 1st quarter valued at $29,000. Flaharty Asset Management LLC acquired a new position in shares of American Water Works in the 1st quarter valued at $30,000. Finally, Wayfinding Financial LLC acquired a new position in shares of American Water Works in the 1st quarter valued at $48,000. Institutional investors own 86.58% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on AWK shares. Barclays decreased their price objective on American Water Works from $138.00 to $128.00 and set an “underweight” rating for the company in a research note on Thursday, July 10th. Wells Fargo & Company decreased 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of American Water Works in a research note on Saturday, September 27th. UBS Group reduced their price objective on shares of American Water Works from $156.00 to $151.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 12th. Finally, Mizuho upped their target price on shares of American Water Works from $148.00 to $149.00 and gave the company a “neutral” rating in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $141.13.

American Water Works Trading Up 1.8%

NYSE:AWK opened at $137.97 on Monday. 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 business’s 50-day simple moving average is $140.86 and its 200-day simple moving average is $142.15. American Water Works Company, Inc. has a fifty-two week low of $118.74 and a fifty-two week high of $155.50. The stock has a market capitalization of $26.92 billion, a PE ratio of 24.86, a price-to-earnings-growth ratio of 3.26 and a beta of 0.70.

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

American Water Works Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Tuesday, August 12th were issued 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 presently 59.64%.

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.