American Water Works Company, Inc. $AWK Shares Sold by Praxis Investment Management Inc.

Praxis Investment Management Inc. lessened its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 14.5% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 10,540 shares of the utilities provider’s stock after selling 1,790 shares during the period. Praxis Investment Management Inc.’s holdings in American Water Works were worth $1,466,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oliver Lagore Vanvalin Investment Group acquired a new stake in American Water Works during the second quarter valued at $28,000. Concord Wealth Partners acquired a new stake in American Water Works during the second quarter valued at $28,000. Cloud Capital Management LLC acquired a new stake in American Water Works during the first quarter valued at $29,000. WPG Advisers LLC acquired a new stake in American Water Works during the first quarter valued at $29,000. Finally, Flaharty Asset Management LLC acquired a new stake in American Water Works during the first quarter valued at $30,000. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Stock Performance

NYSE:AWK opened at $143.08 on Friday. The company’s 50-day moving average price is $140.71 and its 200-day moving average price is $142.08. The company has a current ratio of 0.35, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The company has a market cap of $27.91 billion, a P/E ratio of 25.78, a P/E/G ratio of 3.42 and a beta of 0.70. 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 posted its quarterly 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). The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the prior 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, sell-side analysts forecast that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

American Water Works Dividend Announcement

The firm also recently declared 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 of this dividend was Tuesday, August 12th. American Water Works’s dividend payout ratio (DPR) is currently 59.64%.

Analyst Upgrades and Downgrades

Several analysts recently commented on AWK shares. 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 research report on Thursday, July 10th. Mizuho lifted their target price on shares of American Water Works from $148.00 to $149.00 and gave the company a “neutral” rating in a research report on Friday, August 1st. Wells Fargo & Company dropped their target price on shares of American Water Works from $147.00 to $141.00 and set an “equal weight” rating on the stock in a research report on Friday, August 1st. Weiss Ratings reiterated a “hold (c+)” rating on shares of American Water Works in a research report on Wednesday, October 8th. Finally, UBS Group dropped 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 research report on Tuesday, August 12th. One equities research analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $145.00.

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.