Q1 2024 EPS Estimates for American Water Works Company, Inc. (NYSE:AWK) Lowered by Zacks Research

American Water Works Company, Inc. (NYSE:AWK) – Zacks Research reduced their Q1 2024 EPS estimates for American Water Works in a research note issued on Tuesday, April 30th. Zacks Research analyst J. Saha now forecasts that the utilities provider will post earnings per share of $0.98 for the quarter, down from their prior estimate of $1.00. The consensus estimate for American Water Works’ current full-year earnings is $5.24 per share. Zacks Research also issued estimates for American Water Works’ Q2 2024 earnings at $1.49 EPS, Q3 2024 earnings at $1.76 EPS, Q4 2024 earnings at $1.00 EPS, FY2024 earnings at $5.23 EPS, Q2 2025 earnings at $1.58 EPS, Q3 2025 earnings at $1.85 EPS, FY2025 earnings at $5.68 EPS, Q1 2026 earnings at $1.26 EPS and FY2026 earnings at $5.97 EPS.

Several other research firms have also issued reports on AWK. StockNews.com lowered American Water Works from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd. Evercore ISI lowered shares of American Water Works from an “outperform” rating to an “in-line” rating and dropped their price objective for the stock from $160.00 to $135.00 in a research note on Friday, February 16th.

American Water Works Trading Up 2.2 %

AWK opened at $128.75 on Thursday. The stock has a 50-day moving average of $119.33 and a 200 day moving average of $124.29. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.20. American Water Works has a 12 month low of $113.34 and a 12 month high of $151.24. The firm has a market cap of $25.08 billion, a P/E ratio of 26.12, a P/E/G ratio of 2.98 and a beta of 0.62.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $962.30 million. American Water Works had a return on equity of 9.79% and a net margin of 22.27%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.91 earnings per share.

American Water Works Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Tuesday, May 14th will be issued a $0.765 dividend. The ex-dividend date is Monday, May 13th. This is a boost from American Water Works’s previous quarterly dividend of $0.71. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.38%. American Water Works’s dividend payout ratio is presently 57.40%.

Insider Buying and Selling

In other American Water Works news, EVP Melanie M. Kennedy sold 843 shares of the business’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 completion of the sale, the executive vice president now directly owns 16,240 shares of the company’s stock, valued at approximately $1,942,141.60. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.08% of the stock is currently owned by insiders.

Institutional Investors Weigh In On American Water Works

Several hedge funds have recently made changes to their positions in the company. MV Capital Management Inc. raised its holdings in shares of American Water Works by 110.8% in the fourth quarter. MV Capital Management Inc. now owns 196 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 103 shares in the last quarter. Ables Iannone Moore & Associates Inc. bought a new stake in shares of American Water Works in the 4th quarter valued at about $26,000. ORG Partners LLC lifted its position in shares of American Water Works by 79.2% in the 4th quarter. ORG Partners LLC now owns 233 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 103 shares during the period. Farmers & Merchants Investments Inc. boosted its stake in shares of American Water Works by 100.0% during the first quarter. Farmers & Merchants Investments Inc. now owns 254 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 127 shares in the last quarter. Finally, Tortoise Investment Management LLC increased its holdings in American Water Works by 71.9% during the fourth quarter. Tortoise Investment Management LLC now owns 239 shares of the utilities provider’s stock valued at $32,000 after buying an additional 100 shares during the period. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

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.