American Water Works Company, Inc. (NYSE:AWK) to Post FY2024 Earnings of $5.25 Per Share, Seaport Res Ptn Forecasts

American Water Works Company, Inc. (NYSE:AWK) – Analysts at Seaport Res Ptn upped their FY2024 EPS estimates for shares of American Water Works in a report released on Wednesday, April 24th. Seaport Res Ptn analyst A. Storozynski now expects that the utilities provider will earn $5.25 per share for the year, up from their previous estimate of $5.16. The consensus estimate for American Water Works’ current full-year earnings is $5.24 per share. Seaport Res Ptn also issued estimates for American Water Works’ FY2025 earnings at $5.70 EPS and FY2026 earnings at $6.11 EPS.

Several other analysts have also recently issued reports on the stock. Evercore ISI cut shares of American Water Works from an “outperform” rating to an “in-line” rating and decreased their target price for the company from $160.00 to $135.00 in a research report on Friday, February 16th. StockNews.com downgraded shares of American Water Works from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd.

American Water Works Stock Down 0.6 %

Shares of NYSE AWK opened at $120.78 on Friday. The firm’s 50-day moving average price is $119.13 and its 200-day moving average price is $124.18. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $23.53 billion, a price-to-earnings ratio of 24.70, a P/E/G ratio of 2.89 and a beta of 0.63. American Water Works has a 12-month low of $113.34 and a 12-month high of $151.24.

American Water Works (NYSE:AWK) last announced its earnings results on Thursday, February 15th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.04. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.02 billion. American Water Works had a net margin of 22.30% and a return on equity of 9.70%. The business’s revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.81 EPS.

Insider Activity at American Water Works

In other American Water Works news, EVP Melanie M. Kennedy sold 843 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $119.59, for a total value of $100,814.37. Following the transaction, the executive vice president now directly owns 16,240 shares in the company, valued at approximately $1,942,141.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.08% of the stock is currently owned by insiders.

Hedge Funds Weigh In On American Water Works

A number of hedge funds have recently added to or reduced their stakes in AWK. Norges Bank bought a new position in American Water Works in the 4th quarter worth about $275,476,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of American Water Works by 945.5% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,806,146 shares of the utilities provider’s stock worth $238,397,000 after purchasing an additional 1,633,389 shares during the period. Boston Partners purchased a new stake in shares of American Water Works in the 4th quarter worth approximately $92,838,000. Assenagon Asset Management S.A. lifted its position in shares of American Water Works by 7,752.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 483,391 shares of the utilities provider’s stock worth $63,803,000 after purchasing an additional 477,235 shares during the period. Finally, International Assets Investment Management LLC lifted its position in shares of American Water Works by 12,606.5% in the 4th quarter. International Assets Investment Management LLC now owns 463,913 shares of the utilities provider’s stock worth $612,320,000 after purchasing an additional 460,262 shares during the period. 86.58% of the stock is currently owned by institutional investors.

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.