Forza Wealth Management LLC Has $534,000 Position in American Water Works Company, Inc. $AWK

Forza Wealth Management LLC reduced its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 6.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,840 shares of the utilities provider’s stock after selling 272 shares during the period. Forza Wealth Management LLC’s holdings in American Water Works were worth $534,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Truist Financial Corp raised its holdings in American Water Works by 9.2% in the 2nd quarter. Truist Financial Corp now owns 19,407 shares of the utilities provider’s stock valued at $2,700,000 after acquiring an additional 1,634 shares in the last quarter. Union Bancaire Privee UBP SA raised its holdings in American Water Works by 3.6% in the 2nd quarter. Union Bancaire Privee UBP SA now owns 6,702 shares of the utilities provider’s stock valued at $928,000 after acquiring an additional 234 shares in the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its holdings in American Water Works by 3.6% in the 2nd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 33,975 shares of the utilities provider’s stock valued at $4,726,000 after acquiring an additional 1,178 shares in the last quarter. GC Wealth Management RIA LLC acquired a new position in American Water Works in the 2nd quarter valued at $292,000. Finally, Sound Income Strategies LLC raised its holdings in American Water Works by 1,577.3% in the 2nd quarter. Sound Income Strategies LLC now owns 1,627 shares of the utilities provider’s stock valued at $226,000 after acquiring an additional 1,530 shares in the last quarter. 86.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AWK has been the subject of several analyst reports. Barclays dropped their price objective on American Water Works from $138.00 to $128.00 and set an “underweight” rating for the company in a report on Thursday, July 10th. Argus lifted their price objective on American Water Works from $155.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, August 14th. 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 report on Friday, August 1st. Mizuho lifted their price target on American Water Works from $148.00 to $149.00 and gave the company a “neutral” rating in a research note on Friday, August 1st. Finally, UBS Group decreased their price target on American Water Works from $156.00 to $151.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $141.13.

American Water Works Trading Up 1.6%

Shares of AWK stock opened at $139.20 on Wednesday. The firm has a market capitalization of $27.16 billion, a P/E ratio of 25.08, a P/E/G ratio of 3.24 and a beta of 0.69. 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 quick ratio of 0.32, a current ratio of 0.35 and a debt-to-equity ratio of 1.15. The stock’s fifty day simple moving average is $141.12 and its 200 day simple moving average is $142.30.

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

American Water Works Announces Dividend

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

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.