QRG Capital Management Inc. Has $1.61 Million Stock Holdings in American Water Works Company, Inc. $AWK

QRG Capital Management Inc. increased its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 3.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,588 shares of the utilities provider’s stock after purchasing an additional 379 shares during the quarter. QRG Capital Management Inc.’s holdings in American Water Works were worth $1,612,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in AWK. Price T Rowe Associates Inc. MD increased its position in 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 purchasing an additional 3,327,352 shares in the last quarter. Pictet Asset Management Holding SA increased its position in American Water Works by 24.1% in the 1st quarter. Pictet Asset Management Holding SA now owns 4,532,131 shares of the utilities provider’s stock valued at $668,566,000 after acquiring an additional 878,951 shares during the period. Groupama Asset Managment increased its position in American Water Works by 114.3% in the 1st quarter. Groupama Asset Managment now owns 1,505,106 shares of the utilities provider’s stock valued at $2,296,000 after acquiring an additional 802,639 shares during the period. Nuveen LLC acquired a new position in American Water Works in the 1st quarter valued at approximately $103,053,000. Finally, BROOKFIELD Corp ON increased its position in American Water Works by 2,486.6% in the 1st quarter. BROOKFIELD Corp ON now owns 571,080 shares of the utilities provider’s stock valued at $84,246,000 after acquiring an additional 549,002 shares during the period. 86.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. UBS Group decreased their price target on shares of 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. Barclays decreased their price target 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. Mizuho upped their price target on shares of American Water Works from $148.00 to $149.00 and gave the company a “neutral” rating in a research report on Friday, August 1st. Argus upped their price target on shares of 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 decreased their price objective on shares of 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, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $143.57.

American Water Works Stock Up 2.5%

Shares of NYSE AWK opened at $142.47 on Wednesday. The firm has a market cap of $27.80 billion, a PE ratio of 25.67, a P/E/G ratio of 3.29 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 company’s fifty day simple moving average is $140.89 and its 200 day simple moving average is $142.14. The company has a quick ratio of 0.32, a current ratio of 0.35 and a debt-to-equity ratio of 1.15.

American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, July 30th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.05). The company 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%.The firm’s revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.42 earnings per share. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. As a group, sell-side analysts forecast 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 announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Tuesday, August 12th were paid a dividend of $0.8275 per share. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $3.31 annualized dividend and a yield of 2.3%. American Water Works’s dividend payout ratio is currently 59.64%.

American Water Works Company 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.