DAVENPORT & Co LLC Increases Stock Position in American Water Works Company, Inc. $AWK

DAVENPORT & Co LLC increased its position in American Water Works Company, Inc. (NYSE:AWK) by 3.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 3,354 shares of the utilities provider’s stock after buying an additional 112 shares during the quarter. DAVENPORT & Co LLC’s holdings in American Water Works were worth $467,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in AWK. Price T Rowe Associates Inc. MD boosted its stake in shares of American Water Works by 881.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,704,995 shares of the utilities provider’s stock valued at $546,562,000 after purchasing an additional 3,327,352 shares during the period. Pictet Asset Management Holding SA boosted its stake in shares of American Water Works by 24.1% in the first quarter. Pictet Asset Management Holding SA now owns 4,532,131 shares of the utilities provider’s stock valued at $668,566,000 after purchasing an additional 878,951 shares during the period. Groupama Asset Managment boosted its stake in shares of American Water Works by 114.3% in the first quarter. Groupama Asset Managment now owns 1,505,106 shares of the utilities provider’s stock valued at $2,296,000 after purchasing an additional 802,639 shares during the period. Nuveen LLC purchased a new position in shares of American Water Works in the first quarter valued at $103,053,000. Finally, BROOKFIELD Corp ON boosted its stake in shares of American Water Works by 2,486.6% in the first quarter. BROOKFIELD Corp ON now owns 571,080 shares of the utilities provider’s stock valued at $84,246,000 after purchasing an additional 549,002 shares during the period. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

American Water Works Trading Up 1.2%

American Water Works stock opened at $142.78 on Monday. The firm’s 50-day moving average is $140.87 and its 200-day moving average is $142.16. 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 Company, Inc. has a 1 year low of $118.74 and a 1 year high of $155.50. The company has a market cap of $27.86 billion, a P/E ratio of 25.73, a PEG ratio of 3.43 and a beta of 0.70.

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 analysts’ consensus estimates 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 business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the business posted $1.42 earnings per share. The company’s quarterly 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. On average, equities analysts expect that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 12th were given a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Tuesday, August 12th. American Water Works’s dividend payout ratio (DPR) is presently 59.64%.

Analyst Ratings Changes

Several brokerages have recently weighed in on AWK. Mizuho upped their target price on shares of American Water Works from $148.00 to $149.00 and gave the company a “neutral” rating in a research note on Friday, August 1st. Wells Fargo & Company reduced their price objective on shares of 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of American Water Works in a research note on Wednesday, October 8th. Barclays reduced their price objective on shares of American Water Works from $138.00 to $128.00 and set an “underweight” rating on the stock in a research note on Thursday, July 10th. Finally, Argus increased their price objective on shares of American Water Works from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, August 14th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, American Water Works presently has an average rating of “Hold” and a consensus price target of $143.57.

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.