Tyche Wealth Partners LLC Has $233,000 Stock Position in American Water Works Company, Inc. $AWK

Tyche Wealth Partners LLC trimmed its position in American Water Works Company, Inc. (NYSE:AWK) by 16.8% in the second quarter, Holdings Channel.com reports. The firm owned 1,675 shares of the utilities provider’s stock after selling 339 shares during the period. Tyche Wealth Partners LLC’s holdings in American Water Works were worth $233,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in American Water Works by 0.6% in the first quarter. Vanguard Group Inc. now owns 25,248,263 shares of the utilities provider’s stock worth $3,724,624,000 after purchasing an additional 141,038 shares during the period. Pictet Asset Management Holding SA increased its position in American Water Works by 24.1% in the first quarter. Pictet Asset Management Holding SA now owns 4,532,131 shares of the utilities provider’s stock worth $668,566,000 after purchasing an additional 878,951 shares during the period. Price T Rowe Associates Inc. MD increased its position in American Water Works by 881.1% in the first 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 during the period. Northern Trust Corp increased its position in American Water Works by 3.6% in the first quarter. Northern Trust Corp now owns 3,479,406 shares of the utilities provider’s stock worth $513,282,000 after purchasing an additional 121,680 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in American Water Works by 16.1% in the first quarter. Goldman Sachs Group Inc. now owns 2,134,358 shares of the utilities provider’s stock worth $314,861,000 after purchasing an additional 295,928 shares during the period. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Trading Up 2.5%

NYSE:AWK opened at $142.47 on Wednesday. American Water Works Company, Inc. has a fifty-two week low of $118.74 and a fifty-two week high of $155.50. 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 stock has a market capitalization of $27.80 billion, a PE ratio of 25.67, a price-to-earnings-growth ratio of 3.29 and a beta of 0.70. The business’s 50-day simple moving average is $140.89 and its 200-day simple moving average is $142.14.

American Water Works (NYSE:AWK) last released its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.48 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the firm earned $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. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 12th were issued a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Tuesday, August 12th. American Water Works’s payout ratio is 59.64%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Mizuho lifted 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. UBS Group reduced their target price on American Water Works from $156.00 to $151.00 and set a “neutral” rating on the stock in a report on Tuesday, August 12th. Argus raised their target price on American Water Works from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, August 14th. Weiss Ratings restated a “hold (c+)” rating on shares of American Water Works in a report on Saturday, September 27th. Finally, Barclays reduced their target price on American Water Works from $138.00 to $128.00 and set an “underweight” rating on the stock in a report on Thursday, July 10th. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $143.57.

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.