American Water Works Company, Inc. $AWK Shares Purchased by Segment Wealth Management LLC

Segment Wealth Management LLC raised its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 30.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,420 shares of the utilities provider’s stock after buying an additional 562 shares during the period. Segment Wealth Management LLC’s holdings in American Water Works were worth $337,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of AWK. NBC Securities Inc. acquired a new position in shares of American Water Works in the 1st quarter worth approximately $110,000. Merit Financial Group LLC grew its stake in shares of American Water Works by 26.8% in the 1st quarter. Merit Financial Group LLC now owns 4,270 shares of the utilities provider’s stock worth $630,000 after purchasing an additional 903 shares during the last quarter. Procyon Advisors LLC grew its stake in shares of American Water Works by 5.9% in the 1st quarter. Procyon Advisors LLC now owns 2,502 shares of the utilities provider’s stock worth $369,000 after purchasing an additional 139 shares during the last quarter. First National Corp MA ADV grew its stake in shares of American Water Works by 82.0% in the 1st quarter. First National Corp MA ADV now owns 16,482 shares of the utilities provider’s stock worth $2,431,000 after purchasing an additional 7,426 shares during the last quarter. Finally, Gateway Investment Advisers LLC acquired a new position in shares of American Water Works in the 1st quarter worth approximately $236,000. Institutional investors and hedge funds own 86.58% of the company’s stock.

Analyst Ratings Changes

AWK has been the topic of several recent research reports. Barclays lowered their price objective on shares of 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of American Water Works in a research note on Saturday, September 27th. Argus lifted their price objective on shares of American Water Works from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, August 14th. Mizuho lifted their price objective 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. Finally, UBS Group lowered their price objective on shares of American Water Works from $156.00 to $151.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 12th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $141.13.

American Water Works Stock Performance

AWK stock opened at $137.97 on Friday. 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 stock has a market cap of $26.92 billion, a P/E ratio of 24.86, a P/E/G ratio of 3.26 and a beta of 0.70. The firm has a 50 day simple moving average of $140.86 and a 200 day simple moving average of $142.15. American Water Works Company, Inc. has a 52 week low of $118.74 and a 52 week high of $155.50.

American Water Works (NYSE:AWK) last posted its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.48 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 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 business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.42 earnings per share. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. Research analysts anticipate that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

American Water Works Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Tuesday, August 12th were given a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, August 12th. American Water Works’s dividend payout ratio (DPR) is presently 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.