Baker Tilly Wealth Management LLC Has $414,000 Stock Holdings in American Water Works Company, Inc. $AWK

Baker Tilly Wealth Management LLC lifted its holdings in American Water Works Company, Inc. (NYSE:AWK) by 7.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,976 shares of the utilities provider’s stock after buying an additional 196 shares during the period. Baker Tilly Wealth Management LLC’s holdings in American Water Works were worth $414,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AWK. PFG Advisors boosted its position in American Water Works by 33.4% during the first quarter. PFG Advisors now owns 9,699 shares of the utilities provider’s stock valued at $1,431,000 after purchasing an additional 2,429 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in American Water Works by 2.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 124,352 shares of the utilities provider’s stock valued at $18,344,000 after purchasing an additional 2,570 shares during the last quarter. Brown Advisory Inc. boosted its position in American Water Works by 2.2% during the first quarter. Brown Advisory Inc. now owns 10,547 shares of the utilities provider’s stock valued at $1,556,000 after purchasing an additional 229 shares during the last quarter. Farther Finance Advisors LLC boosted its position in American Water Works by 45.2% during the first quarter. Farther Finance Advisors LLC now owns 2,326 shares of the utilities provider’s stock valued at $342,000 after purchasing an additional 724 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its position in American Water Works by 21.5% during the first quarter. Oppenheimer & Co. Inc. now owns 7,692 shares of the utilities provider’s stock valued at $1,135,000 after purchasing an additional 1,359 shares during the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Price Performance

NYSE AWK opened at $135.96 on Thursday. American Water Works Company, Inc. has a twelve month low of $118.74 and a twelve month high of $155.50. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.35. The stock has a market capitalization of $26.53 billion, a PE ratio of 24.50, a P/E/G ratio of 3.23 and a beta of 0.69. The stock has a 50-day simple moving average of $142.25 and a 200 day simple moving average of $142.66.

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

American Water Works Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Tuesday, August 12th were paid a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a yield of 2.4%. The ex-dividend date was Tuesday, August 12th. American Water Works’s payout ratio is currently 59.64%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AWK. Wells Fargo & Company reduced 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. UBS Group reduced their price objective on 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. Argus lifted their price objective on American Water Works from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, August 14th. Mizuho lifted their price objective on American Water Works from $148.00 to $149.00 and gave the company a “neutral” rating in a research report on Friday, August 1st. Finally, Barclays cut their target price on American Water Works from $138.00 to $128.00 and set an “underweight” rating on the stock in a report on Thursday, July 10th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $143.30.

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.