Concord Wealth Partners Makes New Investment in American Water Works Company, Inc. $AWK

Concord Wealth Partners acquired a new position in American Water Works Company, Inc. (NYSE:AWK) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 204 shares of the utilities provider’s stock, valued at approximately $28,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC grew its position in American Water Works by 36.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,809 shares of the utilities provider’s stock worth $669,000 after purchasing an additional 1,277 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in American Water Works by 1.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,270,420 shares of the utilities provider’s stock worth $323,671,000 after purchasing an additional 24,239 shares in the last quarter. LRI Investments LLC grew its position in shares of American Water Works by 31.2% during the 2nd quarter. LRI Investments LLC now owns 1,097 shares of the utilities provider’s stock valued at $153,000 after acquiring an additional 261 shares during the period. CWM LLC grew its position in shares of American Water Works by 25.7% during the 2nd quarter. CWM LLC now owns 17,569 shares of the utilities provider’s stock valued at $2,444,000 after acquiring an additional 3,589 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its position in shares of American Water Works by 10.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 41,673 shares of the utilities provider’s stock valued at $5,800,000 after acquiring an additional 3,829 shares during the period. 86.58% of the stock is owned by institutional investors.

American Water Works Stock Performance

NYSE AWK opened at $141.54 on Wednesday. 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 debt-to-equity ratio of 1.15, a current ratio of 0.35 and a quick ratio of 0.32. The stock has a market capitalization of $27.61 billion, a PE ratio of 25.50, a P/E/G ratio of 3.35 and a beta of 0.70. The company’s 50 day simple moving average is $140.72 and its two-hundred day simple moving average is $142.11.

American Water Works (NYSE:AWK) last posted 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 analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the company earned $1.42 earnings per share. The business’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. Analysts predict that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

American Water Works Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 12th were given 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 (DPR) is 59.64%.

Wall Street Analyst Weigh In

Several research firms recently commented on AWK. Wells Fargo & Company cut their price objective on shares of American Water Works from $147.00 to $141.00 and set an “equal weight” rating for the company in a report on Friday, August 1st. UBS Group cut their price objective on shares of American Water Works from $156.00 to $151.00 and set a “neutral” rating for the company in a report on Tuesday, August 12th. Mizuho raised their price objective on shares of American Water Works from $148.00 to $149.00 and gave the stock a “neutral” rating in a report on Friday, August 1st. Argus raised their price objective on shares of American Water Works from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, August 14th. Finally, Barclays cut their price objective on shares of American Water Works from $138.00 to $128.00 and set an “underweight” rating for the company in a report on Thursday, July 10th. One investment 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. Based on 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.