Stanley Laman Group Ltd. Buys 249 Shares of American Water Works Company, Inc. $AWK

Stanley Laman Group Ltd. boosted its position in American Water Works Company, Inc. (NYSE:AWK) by 16.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,781 shares of the utilities provider’s stock after acquiring an additional 249 shares during the quarter. Stanley Laman Group Ltd.’s holdings in American Water Works were worth $248,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AWK. Sumitomo Life Insurance Co. increased its holdings in shares of American Water Works by 1.5% during the first quarter. Sumitomo Life Insurance Co. now owns 4,679 shares of the utilities provider’s stock valued at $690,000 after acquiring an additional 70 shares in the last quarter. Sargent Investment Group LLC increased its stake in American Water Works by 2.6% during the 1st quarter. Sargent Investment Group LLC now owns 2,795 shares of the utilities provider’s stock valued at $412,000 after purchasing an additional 70 shares in the last quarter. Private Trust Co. NA increased its stake in American Water Works by 4.8% during the 1st quarter. Private Trust Co. NA now owns 1,607 shares of the utilities provider’s stock valued at $237,000 after purchasing an additional 74 shares in the last quarter. Foundations Investment Advisors LLC raised its holdings in American Water Works by 5.0% during the first quarter. Foundations Investment Advisors LLC now owns 1,726 shares of the utilities provider’s stock worth $255,000 after buying an additional 82 shares during the last quarter. Finally, Principal Securities Inc. lifted its stake in shares of American Water Works by 1.4% in the first quarter. Principal Securities Inc. now owns 6,157 shares of the utilities provider’s stock valued at $908,000 after buying an additional 85 shares in the last quarter. Institutional investors own 86.58% of the company’s stock.

American Water Works Price Performance

Shares of NYSE AWK opened at $144.02 on Friday. The company has a market capitalization of $28.10 billion, a PE ratio of 25.95, a PEG ratio of 3.45 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. The stock’s 50 day moving average price is $140.68 and its 200-day moving average price is $142.03. American Water Works Company, Inc. has a twelve month low of $118.74 and a twelve month high of $155.50.

American Water Works (NYSE:AWK) last issued 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). The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate 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 was up 11.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.42 earnings per share. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. On average, equities analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Tuesday, August 12th were issued a dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Tuesday, August 12th. American Water Works’s dividend payout ratio (DPR) is 59.64%.

Wall Street Analyst Weigh In

AWK has been the topic of a number of analyst reports. UBS Group lowered their target price on shares of American Water Works from $156.00 to $151.00 and set a “neutral” rating on the stock in a report on Tuesday, August 12th. Weiss Ratings reissued a “hold (c+)” rating on shares of American Water Works in a research note on Wednesday, October 8th. Mizuho raised their target price on American Water Works from $148.00 to $149.00 and gave the company a “neutral” rating in a report on Friday, August 1st. Argus upped their price target 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, TD Cowen began coverage on American Water Works in a research report on Thursday. They issued a “hold” rating and a $155.00 price target for the company. One equities research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $145.00.

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.