NorthRock Partners LLC Increases Position in American Water Works Company, Inc. $AWK

NorthRock Partners LLC boosted its position in American Water Works Company, Inc. (NYSE:AWK) by 19.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,067 shares of the utilities provider’s stock after acquiring an additional 500 shares during the period. NorthRock Partners LLC’s holdings in American Water Works were worth $427,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Concord Wealth Partners purchased a new stake in shares of American Water Works in the second quarter valued at $28,000. Sequoia Financial Advisors LLC lifted its position in American Water Works by 36.2% during the second quarter. Sequoia Financial Advisors LLC now owns 4,809 shares of the utilities provider’s stock worth $669,000 after buying an additional 1,277 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in American Water Works by 1.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,270,420 shares of the utilities provider’s stock worth $323,671,000 after buying an additional 24,239 shares during the last quarter. LRI Investments LLC grew its holdings in American Water Works by 31.2% in the 2nd quarter. LRI Investments LLC now owns 1,097 shares of the utilities provider’s stock valued at $153,000 after buying an additional 261 shares during the period. Finally, CWM LLC increased its stake in shares of American Water Works by 25.7% during the 2nd quarter. CWM LLC now owns 17,569 shares of the utilities provider’s stock valued at $2,444,000 after acquiring an additional 3,589 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of American Water Works in a research report on Wednesday, October 8th. Barclays cut 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 note on Thursday, July 10th. Wells Fargo & Company decreased 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 report on Friday, August 1st. Argus upped their price objective on American Water Works from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, August 14th. Finally, Cowen initiated coverage on American Water Works in a research report on Wednesday. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $143.57.

American Water Works Price Performance

AWK opened at $142.45 on Thursday. American Water Works Company, Inc. has a 52-week low of $118.74 and a 52-week high of $155.50. The company has a 50 day moving average of $140.73 and a two-hundred day moving average of $142.11. The company has a market cap of $27.79 billion, a P/E ratio of 25.67, a P/E/G ratio of 3.40 and a beta of 0.70. The company has a quick ratio of 0.32, a current ratio of 0.35 and a debt-to-equity ratio of 1.15.

American Water Works (NYSE:AWK) last issued its 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 net margin of 21.91% and a return on equity of 10.34%. The business 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 business posted $1.42 EPS. The business’s 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. On average, analysts expect that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Dividend Announcement

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