American Water Works Company, Inc. $AWK Shares Acquired by LRI Investments LLC

LRI Investments LLC increased its holdings in American Water Works Company, Inc. (NYSE:AWK) by 31.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,097 shares of the utilities provider’s stock after buying an additional 261 shares during the period. LRI Investments LLC’s holdings in American Water Works were worth $153,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sumitomo Life Insurance Co. lifted its stake in American Water Works by 1.5% during the first quarter. Sumitomo Life Insurance Co. now owns 4,679 shares of the utilities provider’s stock valued at $690,000 after purchasing an additional 70 shares during the last quarter. Sargent Investment Group LLC raised its holdings in shares of 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 acquiring an additional 70 shares during the period. Private Trust Co. NA lifted its position in shares of American Water Works by 4.8% in the 1st quarter. Private Trust Co. NA now owns 1,607 shares of the utilities provider’s stock valued at $237,000 after acquiring an additional 74 shares in the last quarter. Foundations Investment Advisors LLC lifted its position in shares of American Water Works by 5.0% in the 1st quarter. Foundations Investment Advisors LLC now owns 1,726 shares of the utilities provider’s stock valued at $255,000 after acquiring an additional 82 shares in the last quarter. Finally, Principal Securities Inc. lifted its position in shares of American Water Works by 1.4% in the 1st quarter. Principal Securities Inc. now owns 6,157 shares of the utilities provider’s stock valued at $908,000 after acquiring an additional 85 shares in the last quarter. 86.58% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AWK. Weiss Ratings restated a “hold (c+)” rating on shares of American Water Works in a research report on Wednesday, October 8th. Mizuho upped their price target on shares of American Water Works from $148.00 to $149.00 and gave the company a “neutral” rating in a research report on Friday, August 1st. Argus upped their price target on shares of American Water Works from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, August 14th. UBS Group reduced 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. Finally, Wells Fargo & Company reduced their price target on shares of 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. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, American Water Works presently has a consensus rating of “Hold” and an average target price of $143.57.

American Water Works Stock Up 1.2%

American Water Works stock opened at $142.78 on Monday. The firm has a market cap of $27.86 billion, a PE ratio of 25.73, a P/E/G ratio of 3.43 and a beta of 0.70. 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 firm’s 50 day moving average price is $140.87 and its two-hundred day moving average price is $142.16. American Water Works Company, Inc. has a twelve month low of $118.74 and a twelve month high of $155.50.

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

American Water Works Announces Dividend

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