Chevy Chase Trust Holdings LLC Grows Holdings in American Water Works Company, Inc. $AWK

Chevy Chase Trust Holdings LLC lifted its holdings in American Water Works Company, Inc. (NYSE:AWK) by 0.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,073 shares of the utilities provider’s stock after buying an additional 792 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in American Water Works were worth $14,617,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of American Water Works in the 2nd quarter worth about $28,000. WPG Advisers LLC purchased a new stake in American Water Works during the 1st quarter valued at about $29,000. Flaharty Asset Management LLC purchased a new stake in American Water Works during the 1st quarter valued at about $30,000. Cloud Capital Management LLC purchased a new stake in American Water Works during the 1st quarter valued at about $29,000. Finally, Concord Wealth Partners purchased a new stake in American Water Works during the 2nd quarter valued at about $28,000. 86.58% of the stock is owned by hedge funds and other institutional investors.

American Water Works Stock Performance

Shares of NYSE AWK opened at $144.02 on Friday. The firm’s 50-day moving average price is $140.68 and its 200-day moving average price is $142.03. The company has a quick ratio of 0.32, a current ratio of 0.35 and a debt-to-equity ratio of 1.15. The company has a market cap of $28.10 billion, a PE ratio of 25.95, a PEG ratio of 3.45 and a beta of 0.70. 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 announced its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.48 earnings per share (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 company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the business earned $1.42 EPS. The business’s 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. As a group, analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 12th were paid a $0.8275 dividend. This represents a $3.31 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Tuesday, August 12th. American Water Works’s dividend payout ratio is 59.64%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Cowen assumed coverage on shares of American Water Works in a research report on Wednesday. They set a “hold” rating on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of American Water Works in a research report on Wednesday, October 8th. Argus increased their price objective on shares of American Water Works from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, August 14th. UBS Group cut 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 report on Tuesday, August 12th. Finally, Barclays dropped 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 report on Thursday, July 10th. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $145.00.

American Water Works 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.