Callan Family Office LLC Buys 5,656 Shares of American Water Works Company, Inc. $AWK

Callan Family Office LLC increased its stake in American Water Works Company, Inc. (NYSE:AWK) by 301.3% during the 2nd quarter, Holdings Channel reports. The firm owned 7,533 shares of the utilities provider’s stock after purchasing an additional 5,656 shares during the quarter. Callan Family Office LLC’s holdings in American Water Works were worth $1,048,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several equities analysts have commented on the company. Barclays lowered their price objective 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. Mizuho raised 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. Argus raised 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. Wells Fargo & Company lowered 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. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of American Water Works in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, American Water Works currently has an average rating of “Hold” and a consensus price target of $143.57.

American Water Works Price Performance

AWK opened at $142.78 on Monday. The stock has a 50-day moving average price of $140.87 and a 200-day moving average price of $142.16. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.35 and a quick ratio of 0.32. 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. American Water Works Company, Inc. has a 1 year low of $118.74 and a 1 year high of $155.50.

American Water Works (NYSE:AWK) last posted 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 return on equity of 10.34% and a net margin of 21.91%.The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the firm earned $1.42 EPS. American Water Works’s revenue for the quarter 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. Sell-side analysts predict that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

American Water Works Dividend Announcement

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