EFG Asset Management Americas Corp. Purchases 17,167 Shares of American Water Works Company, Inc. $AWK

EFG Asset Management Americas Corp. lifted its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 216.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,096 shares of the utilities provider’s stock after purchasing an additional 17,167 shares during the quarter. EFG Asset Management Americas Corp.’s holdings in American Water Works were worth $3,491,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its holdings in shares of American Water Works by 881.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,704,995 shares of the utilities provider’s stock worth $546,562,000 after acquiring an additional 3,327,352 shares during the period. Groupama Asset Managment raised its stake in American Water Works by 114.3% during the first quarter. Groupama Asset Managment now owns 1,505,106 shares of the utilities provider’s stock worth $2,296,000 after acquiring an additional 802,639 shares in the last quarter. Nuveen LLC bought a new position in shares of American Water Works during the first quarter valued at $103,053,000. BROOKFIELD Corp ON boosted its stake in shares of American Water Works by 2,486.6% in the 1st quarter. BROOKFIELD Corp ON now owns 571,080 shares of the utilities provider’s stock valued at $84,246,000 after purchasing an additional 549,002 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of American Water Works by 928.1% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 531,260 shares of the utilities provider’s stock worth $73,904,000 after purchasing an additional 479,586 shares during the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

Analyst Upgrades and Downgrades

AWK has been the subject of a number of recent analyst reports. Argus increased their target price on shares of American Water Works from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, August 14th. Wells Fargo & Company started coverage on shares of American Water Works in a report on Monday, October 27th. They set an “equal weight” rating and a $142.00 price objective for the company. Cowen initiated coverage on shares of American Water Works in a research note on Wednesday, October 15th. They issued a “hold” rating for the company. Weiss Ratings restated a “hold (c)” rating on shares of American Water Works in a research report on Thursday, November 13th. Finally, Barclays lifted their price objective on American Water Works from $128.00 to $134.00 and gave the company an “underweight” rating in a research report on Tuesday, October 21st. One investment analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, American Water Works has a consensus rating of “Hold” and an average price target of $143.00.

American Water Works Price Performance

Shares of AWK stock opened at $127.06 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 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 $24.79 billion, a PE ratio of 22.33, a PEG ratio of 2.84 and a beta of 0.72. The firm’s 50 day moving average price is $136.08 and its two-hundred day moving average price is $140.01.

American Water Works (NYSE:AWK) last announced its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.04. The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.36 billion. American Water Works had a return on equity of 10.57% and a net margin of 21.93%.The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.80 earnings per share. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. FY 2026 guidance at 6.020-6.120 EPS. As a group, analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Thursday, November 13th will be issued a dividend of $0.8275 per share. The ex-dividend date is Thursday, November 13th. This represents a $3.31 dividend on an annualized basis and a yield of 2.6%. American Water Works’s payout ratio is currently 58.17%.

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.