Tevis Investment Management Makes New Investment in American Water Works Company, Inc. $AWK

Tevis Investment Management bought a new position in American Water Works Company, Inc. (NYSE:AWK) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,512 shares of the utilities provider’s stock, valued at approximately $210,000.

Several other large investors have also recently added to or reduced their stakes in AWK. GAMMA Investing LLC increased its holdings in shares of American Water Works by 39.9% during the first quarter. GAMMA Investing LLC now owns 4,171 shares of the utilities provider’s stock valued at $615,000 after purchasing an additional 1,189 shares during the period. Bessemer Group Inc. increased its holdings in shares of American Water Works by 2.4% during the first quarter. Bessemer Group Inc. now owns 5,793 shares of the utilities provider’s stock valued at $855,000 after purchasing an additional 136 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of American Water Works by 16.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,597 shares of the utilities provider’s stock valued at $3,597,000 after purchasing an additional 3,426 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of American Water Works by 1.1% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 445,289 shares of the utilities provider’s stock valued at $65,689,000 after purchasing an additional 4,973 shares during the period. Finally, Amalgamated Bank increased its holdings in shares of American Water Works by 0.8% during the first quarter. Amalgamated Bank now owns 37,912 shares of the utilities provider’s stock valued at $5,593,000 after purchasing an additional 302 shares during the period. 86.58% of the stock is owned by institutional investors and hedge funds.

American Water Works Trading Down 2.5%

Shares of AWK stock opened at $138.12 on Tuesday. The stock has a 50-day simple moving average of $140.57 and a 200 day simple moving average of $142.01. American Water Works Company, Inc. has a fifty-two week low of $118.74 and a fifty-two week high of $155.50. The stock has a market capitalization of $26.95 billion, a P/E ratio of 24.89, a P/E/G ratio of 3.39 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 announced its earnings results on Wednesday, July 30th. The utilities provider reported $1.48 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the business earned $1.42 EPS. The company’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, sell-side 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 business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Tuesday, August 12th were given a $0.8275 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 2.4%. American Water Works’s dividend payout ratio (DPR) is 59.64%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AWK. Argus raised their price target on American Water Works from $155.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, August 14th. Barclays raised their price target on American Water Works from $128.00 to $134.00 and gave the company an “underweight” rating in a report on Tuesday, October 21st. TD Cowen initiated coverage on American Water Works in a report on Thursday, October 16th. They set a “hold” rating and a $155.00 price target on the stock. Mizuho raised their target price 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. Finally, Wells Fargo & Company initiated coverage on American Water Works in a research note on Monday. They set an “overweight” rating and a $142.00 target price for the company. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $145.88.

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.