102,532 Shares in American Water Works Company, Inc. $AWK Acquired by AMF Tjanstepension AB

AMF Tjanstepension AB acquired a new position in American Water Works Company, Inc. (NYSE:AWK) during the second quarter, HoldingsChannel reports. The fund acquired 102,532 shares of the utilities provider’s stock, valued at approximately $14,270,000.

Several other large investors also recently made changes to their positions in AWK. NBC Securities Inc. bought a new stake in shares of American Water Works during the first quarter worth $110,000. Merit Financial Group LLC grew its holdings in shares of American Water Works by 26.8% during the first quarter. Merit Financial Group LLC now owns 4,270 shares of the utilities provider’s stock worth $630,000 after purchasing an additional 903 shares during the last quarter. Cora Capital Advisors LLC bought a new stake in shares of American Water Works during the first quarter worth $224,000. Procyon Advisors LLC grew its holdings in shares of American Water Works by 5.9% during the first quarter. Procyon Advisors LLC now owns 2,502 shares of the utilities provider’s stock worth $369,000 after purchasing an additional 139 shares during the last quarter. Finally, First National Corp MA ADV grew its holdings in shares of American Water Works by 82.0% during the first quarter. First National Corp MA ADV now owns 16,482 shares of the utilities provider’s stock worth $2,431,000 after purchasing an additional 7,426 shares during the last quarter. Institutional investors own 86.58% of the company’s stock.

American Water Works Trading Up 1.8%

Shares of AWK opened at $137.97 on Friday. 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 Company, Inc. has a 12-month low of $118.74 and a 12-month high of $155.50. The firm has a market capitalization of $26.92 billion, a PE ratio of 24.86, a price-to-earnings-growth ratio of 3.21 and a beta of 0.70. The stock’s fifty day simple moving average is $140.86 and its 200-day simple moving average is $142.15.

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 analyst estimates of $1.22 billion. During the same period last year, the company earned $1.42 EPS. The company’s revenue 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. As a group, research analysts predict that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Announces Dividend

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

Analyst Ratings Changes

AWK has been the topic of several research analyst reports. Mizuho increased their target price on American Water Works from $148.00 to $149.00 and gave the stock a “neutral” rating in a report on Friday, August 1st. Barclays decreased 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. Argus increased their target price on American Water Works from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, August 14th. Wells Fargo & Company cut their price target on American Water Works from $147.00 to $141.00 and set an “equal weight” rating on the stock in a research note on Friday, August 1st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of American Water Works in a research note on Saturday, September 27th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $141.13.

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.