Forza Wealth Management LLC Has $534,000 Position in American Water Works Company, Inc. $AWK

Forza Wealth Management LLC cut its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 6.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,840 shares of the utilities provider’s stock after selling 272 shares during the quarter. Forza Wealth Management LLC’s holdings in American Water Works were worth $534,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group acquired a new position in American Water Works during the 2nd quarter worth about $28,000. WPG Advisers LLC acquired a new position in American Water Works during the 1st quarter worth about $29,000. Flaharty Asset Management LLC acquired a new position in American Water Works during the 1st quarter worth about $30,000. Cloud Capital Management LLC acquired a new position in American Water Works during the 1st quarter worth about $29,000. Finally, Wayfinding Financial LLC acquired a new position in American Water Works during the 1st quarter worth about $48,000. 86.58% of the stock is owned by institutional investors and hedge funds.

American Water Works Stock Up 1.6%

AWK stock opened at $139.20 on Wednesday. The stock’s 50 day simple moving average is $141.12 and its 200 day simple moving average is $142.30. 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 quick ratio of 0.32 and a current ratio of 0.35. The company has a market cap of $27.16 billion, a P/E ratio of 25.08, a price-to-earnings-growth ratio of 3.24 and a beta of 0.69.

American Water Works (NYSE:AWK) last posted 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). American Water Works had a return on equity of 10.34% and a net margin of 21.91%.The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the company posted $1.42 earnings per share. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. On average, research 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 company also recently declared 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. 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 dividend payout ratio is 59.64%.

Wall Street Analyst Weigh In

Several research analysts have commented on AWK shares. UBS Group cut 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 boosted their price objective on American Water Works from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, August 14th. Mizuho boosted their price objective on American Water Works from $148.00 to $149.00 and gave the company a “neutral” rating in a research note on Friday, August 1st. Wells Fargo & Company dropped their price objective on American Water Works from $147.00 to $141.00 and set an “equal weight” rating on the stock in a research note on Friday, August 1st. Finally, Barclays dropped their price objective on American Water Works from $138.00 to $128.00 and set an “underweight” rating on the stock in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, American Water Works has a consensus rating of “Reduce” and a consensus 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.