FARMERS & MERCHANTS TRUST Co OF LONG BEACH Buys 1,178 Shares of American Water Works Company, Inc. $AWK

FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its stake in American Water Works Company, Inc. (NYSE:AWK) by 3.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,975 shares of the utilities provider’s stock after acquiring an additional 1,178 shares during the period. American Water Works accounts for about 1.0% of FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings, making the stock its 24th biggest position. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in American Water Works were worth $4,726,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. PFG Advisors raised its position in shares of American Water Works by 33.4% in the first quarter. PFG Advisors now owns 9,699 shares of the utilities provider’s stock valued at $1,431,000 after purchasing an additional 2,429 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of American Water Works by 2.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 124,352 shares of the utilities provider’s stock valued at $18,344,000 after purchasing an additional 2,570 shares during the period. Brown Advisory Inc. raised its position in shares of American Water Works by 2.2% in the first quarter. Brown Advisory Inc. now owns 10,547 shares of the utilities provider’s stock valued at $1,556,000 after purchasing an additional 229 shares during the period. Farther Finance Advisors LLC raised its position in shares of American Water Works by 45.2% in the first quarter. Farther Finance Advisors LLC now owns 2,326 shares of the utilities provider’s stock valued at $342,000 after purchasing an additional 724 shares during the period. Finally, Mirador Capital Partners LP raised its position in shares of American Water Works by 28.4% in the second quarter. Mirador Capital Partners LP now owns 11,577 shares of the utilities provider’s stock valued at $1,610,000 after purchasing an additional 2,562 shares during the period. Institutional investors own 86.58% of the company’s stock.

American Water Works Stock Performance

American Water Works stock opened at $136.32 on Monday. The firm’s 50 day simple moving average is $141.34 and its 200 day simple moving average is $142.37. 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 firm has a market capitalization of $26.60 billion, a PE ratio of 24.56, a price-to-earnings-growth ratio of 3.23 and a beta of 0.69. American Water Works Company, Inc. has a 1-year low of $118.74 and a 1-year high of $155.50.

American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.05). American Water Works had a return on equity of 10.34% and a net margin of 21.91%.The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the firm earned $1.42 EPS. American Water Works’s quarterly revenue 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. As a group, 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 business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 12th were paid a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, August 12th. American Water Works’s payout ratio is currently 59.64%.

Analyst Ratings Changes

AWK has been the topic of several research reports. UBS Group lowered their price target on shares of American Water Works from $156.00 to $151.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 12th. Wells Fargo & Company lowered their price target on shares of American Water Works from $147.00 to $141.00 and set an “equal weight” rating on the stock in a research report on Friday, August 1st. Barclays lowered their price target on shares of American Water Works from $138.00 to $128.00 and set an “underweight” rating on the stock in a research report on Thursday, July 10th. Argus upped their target price on shares of American Water Works from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, August 14th. Finally, Mizuho upped their target price on shares of American Water Works from $148.00 to $149.00 and gave the stock a “neutral” rating in a report on Friday, August 1st. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, American Water Works currently 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.