Energy Income Partners LLC Increases Stock Position in American Water Works Company, Inc. $AWK

Energy Income Partners LLC increased its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 4.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,361 shares of the utilities provider’s stock after purchasing an additional 474 shares during the quarter. Energy Income Partners LLC’s holdings in American Water Works were worth $1,823,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of AWK. Sumitomo Life Insurance Co. lifted its stake in American Water Works by 1.5% during the 1st quarter. Sumitomo Life Insurance Co. now owns 4,679 shares of the utilities provider’s stock valued at $690,000 after acquiring an additional 70 shares during the period. Sargent Investment Group LLC lifted its position in American Water Works by 2.6% during the first quarter. Sargent Investment Group LLC now owns 2,795 shares of the utilities provider’s stock valued at $412,000 after purchasing an additional 70 shares during the period. Private Trust Co. NA boosted its holdings in American Water Works by 4.8% in the first quarter. Private Trust Co. NA now owns 1,607 shares of the utilities provider’s stock worth $237,000 after purchasing an additional 74 shares during the last quarter. Foundations Investment Advisors LLC boosted its holdings in American Water Works by 5.0% in the first quarter. Foundations Investment Advisors LLC now owns 1,726 shares of the utilities provider’s stock worth $255,000 after purchasing an additional 82 shares during the last quarter. Finally, Principal Securities Inc. grew its stake in shares of American Water Works by 1.4% during the 1st quarter. Principal Securities Inc. now owns 6,157 shares of the utilities provider’s stock valued at $908,000 after purchasing an additional 85 shares during the period. 86.58% of the stock is currently owned by institutional investors.

American Water Works Stock Up 0.3%

Shares of AWK stock opened at $143.40 on Friday. The company’s fifty day simple moving average is $142.44 and its two-hundred day simple moving average is $141.93. American Water Works Company, Inc. has a 52 week low of $118.74 and a 52 week high of $155.50. The stock has a market cap of $27.98 billion, a P/E ratio of 25.84, a PEG ratio of 3.40 and a beta of 0.65. The company has a quick ratio of 0.32, a current ratio of 0.35 and a debt-to-equity ratio of 1.15.

American Water Works (NYSE:AWK) last issued its earnings results 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). American Water Works had a return on equity of 10.34% and a net margin of 21.91%.The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the firm posted $1.42 earnings per share. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. Analysts predict that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 12th will be issued a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, August 12th. American Water Works’s dividend payout ratio is 59.64%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AWK shares. Mizuho boosted their price target on American Water Works from $148.00 to $149.00 and gave the company a “neutral” rating in a report on Friday, August 1st. UBS Group dropped their price target on shares of American Water Works from $156.00 to $151.00 and set a “neutral” rating for the company in a research report on Tuesday, August 12th. Barclays cut their price target on American Water Works from $138.00 to $128.00 and set an “underweight” rating for the company in a research note on Thursday, July 10th. Wall Street Zen cut American Water Works from a “hold” rating to a “sell” rating in a report on Wednesday, May 14th. Finally, Wells Fargo & Company dropped 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 note on Friday, August 1st. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, American Water Works currently has an average rating of “Reduce” and an average target price of $143.30.

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.