Vanguard Personalized Indexing Management LLC Boosts Position in American Water Works Company, Inc. $AWK

Vanguard Personalized Indexing Management LLC boosted its holdings in American Water Works Company, Inc. (NYSE:AWK) by 10.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 41,673 shares of the utilities provider’s stock after buying an additional 3,829 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in American Water Works were worth $5,800,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AWK. Price T Rowe Associates Inc. MD raised its stake in shares of American Water Works by 881.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,704,995 shares of the utilities provider’s stock valued at $546,562,000 after purchasing an additional 3,327,352 shares during the period. Pictet Asset Management Holding SA raised its stake in shares of American Water Works by 24.1% during the first quarter. Pictet Asset Management Holding SA now owns 4,532,131 shares of the utilities provider’s stock valued at $668,566,000 after purchasing an additional 878,951 shares during the period. Groupama Asset Managment raised its stake in shares of American Water Works by 114.3% during the first quarter. Groupama Asset Managment now owns 1,505,106 shares of the utilities provider’s stock valued at $2,296,000 after purchasing an additional 802,639 shares during the period. Nuveen LLC purchased a new stake in shares of American Water Works during the first quarter valued at approximately $103,053,000. Finally, BROOKFIELD Corp ON boosted its holdings in American Water Works by 2,486.6% in the first quarter. BROOKFIELD Corp ON now owns 571,080 shares of the utilities provider’s stock valued at $84,246,000 after purchasing an additional 549,002 shares during the last quarter. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of American Water Works in a report on Wednesday, October 8th. Mizuho lifted their price target on shares of American Water Works from $148.00 to $149.00 and gave the stock a “neutral” rating in a research note on Friday, August 1st. UBS Group dropped 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 note on Tuesday, August 12th. Wells Fargo & Company dropped their price target on shares of American Water Works from $147.00 to $141.00 and set an “equal weight” rating for the company in a research note on Friday, August 1st. Finally, Barclays dropped 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 note on Thursday, July 10th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, American Water Works presently has an average rating of “Hold” and a consensus target price of $143.57.

American Water Works Stock Down 2.4%

AWK stock opened at $139.55 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. American Water Works Company, Inc. has a 1-year low of $118.74 and a 1-year high of $155.50. The firm has a fifty day moving average price of $140.72 and a two-hundred day moving average price of $142.12. The firm has a market cap of $27.23 billion, a price-to-earnings ratio of 25.14, a PEG ratio of 3.43 and a beta of 0.70.

American Water Works (NYSE:AWK) last announced its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.05). The company had revenue of $1.28 billion for the quarter, compared to analyst estimates 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 for the quarter was up 11.1% compared to the same quarter last year. During the same quarter 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. Research analysts predict that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $3.31 annualized dividend and a dividend yield of 2.4%. American Water Works’s payout ratio is 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.