Sava Infond d.o.o. Reduces Holdings in American Water Works Company, Inc. $AWK

Sava Infond d.o.o. cut its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 7.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 13,465 shares of the utilities provider’s stock after selling 1,100 shares during the quarter. Sava Infond d.o.o.’s holdings in American Water Works were worth $1,873,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group purchased a new stake in American Water Works during the 2nd quarter valued at about $28,000. WPG Advisers LLC purchased a new stake in American Water Works during the 1st quarter valued at about $29,000. Flaharty Asset Management LLC purchased a new stake in American Water Works during the 1st quarter valued at about $30,000. Cloud Capital Management LLC purchased a new stake in American Water Works during the 1st quarter valued at about $29,000. Finally, Wayfinding Financial LLC purchased a new stake in American Water Works during the 1st quarter valued at about $48,000. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on AWK shares. UBS Group dropped their target price on American Water Works from $156.00 to $151.00 and set a “neutral” rating for the company in a report on Tuesday, August 12th. Wells Fargo & Company lowered their price target 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. Argus upped their price target 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of American Water Works in a research report on Saturday, September 27th. Finally, Barclays lowered their price target on American Water Works from $138.00 to $128.00 and set an “underweight” rating for the company in a research report on Thursday, July 10th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $141.13.

American Water Works Stock Up 1.8%

Shares of NYSE:AWK opened at $137.97 on Friday. American Water Works Company, Inc. has a 52-week low of $118.74 and a 52-week high of $155.50. The firm has a market capitalization of $26.92 billion, a P/E ratio of 24.86, a P/E/G ratio of 3.21 and a beta of 0.70. The stock has a 50 day moving average price of $140.86 and a 200-day moving average price of $142.15. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.35.

American Water Works (NYSE:AWK) last announced 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 in the prior year, the company posted $1.42 EPS. The firm’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. As a group, equities research analysts anticipate 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 announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 12th were given a $0.8275 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $3.31 annualized dividend and a dividend yield of 2.4%. American Water Works’s dividend payout ratio is currently 59.64%.

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.