American Water Works Company, Inc. $AWK Shares Purchased by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC increased its holdings in American Water Works Company, Inc. (NYSE:AWK) by 81.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,890 shares of the utilities provider’s stock after buying an additional 1,301 shares during the quarter. Sagespring Wealth Partners LLC’s holdings in American Water Works were worth $402,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of American Water Works by 881.1% in the 1st 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 acquiring an additional 3,327,352 shares during the last quarter. Pictet Asset Management Holding SA boosted its holdings in 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 last quarter. Groupama Asset Managment boosted its holdings in 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 last quarter. Nuveen LLC acquired a new stake in American Water Works during the 1st quarter worth about $103,053,000. Finally, BROOKFIELD Corp ON raised its stake in shares of American Water Works by 2,486.6% during the 1st quarter. BROOKFIELD Corp ON now owns 571,080 shares of the utilities provider’s stock valued at $84,246,000 after buying an additional 549,002 shares during the last quarter. 86.58% of the stock is owned by hedge funds and other institutional investors.

American Water Works Stock Performance

Shares of AWK stock opened at $144.02 on Friday. The company has a current ratio of 0.35, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. American Water Works Company, Inc. has a 12-month low of $118.74 and a 12-month high of $155.50. The business’s 50 day moving average is $140.68 and its two-hundred day moving average is $142.06. The company has a market capitalization of $28.10 billion, a P/E ratio of 25.95, a P/E/G ratio of 3.44 and a beta of 0.70.

American Water Works (NYSE:AWK) last announced its earnings results 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). 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 for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the company earned $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. Analysts expect that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Dividend Announcement

The business 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 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%.

Analyst Ratings Changes

Several analysts recently commented on the company. Cowen started coverage on American Water Works in a report on Wednesday. They set a “hold” rating on the stock. Wells Fargo & Company dropped 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. Mizuho lifted their target price on shares of American Water Works from $148.00 to $149.00 and gave the company a “neutral” rating in a report on Friday, August 1st. Barclays lowered their price target on shares of American Water Works from $138.00 to $128.00 and set an “underweight” rating on the stock in a report on Thursday, July 10th. Finally, 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. One research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $145.00.

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.