Asset Management One Co. Ltd. Reduces Stock Position in American Water Works Company, Inc. $AWK

Asset Management One Co. Ltd. cut its stake in American Water Works Company, Inc. (NYSE:AWK) by 1.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 108,859 shares of the utilities provider’s stock after selling 2,023 shares during the period. Asset Management One Co. Ltd. owned approximately 0.06% of American Water Works worth $15,143,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Oliver Lagore Vanvalin Investment Group purchased a new position in American Water Works in the second quarter worth approximately $28,000. Concord Wealth Partners purchased a new position in American Water Works in the second quarter worth approximately $28,000. Cloud Capital Management LLC purchased a new position in American Water Works in the first quarter worth approximately $29,000. WPG Advisers LLC purchased a new position in American Water Works in the first quarter worth approximately $29,000. Finally, Flaharty Asset Management LLC purchased a new position in American Water Works in the first quarter worth approximately $30,000. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AWK has been the subject of several analyst reports. Mizuho increased their price objective on American Water Works from $148.00 to $149.00 and gave the stock a “neutral” rating in a research report on Friday, August 1st. Wells Fargo & Company lowered their price objective on American Water Works from $147.00 to $141.00 and set an “equal weight” rating for the company in a research report on Friday, August 1st. Cowen initiated coverage on American Water Works in a research report 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 note on Friday. Finally, TD Cowen initiated coverage on American Water Works in a research note on Thursday, October 16th. They set a “hold” rating and a $155.00 price target on the stock. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $145.75.

American Water Works Stock Down 0.7%

Shares of NYSE AWK opened at $141.64 on Monday. The stock has a market cap of $27.63 billion, a P/E ratio of 25.52, a PEG ratio of 3.39 and a beta of 0.70. The company has a current ratio of 0.35, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. American Water Works Company, Inc. has a 12-month low of $118.74 and a 12-month high of $155.50. The business’s fifty day simple moving average is $140.66 and its 200-day simple moving average is $142.02.

American Water Works (NYSE:AWK) last announced its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.05). The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.22 billion. American Water Works had a net margin of 21.91% and a return on equity of 10.34%. The firm’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.42 earnings per share. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. As a group, equities analysts predict that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Announces Dividend

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

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.