9,080 Shares in American Water Works Company, Inc. $AWK Acquired by AG2R LA Mondiale Gestion D Actifs

AG2R LA Mondiale Gestion D Actifs acquired a new stake in shares of American Water Works Company, Inc. (NYSE:AWK) in the 2nd quarter, HoldingsChannel reports. The firm acquired 9,080 shares of the utilities provider’s stock, valued at approximately $1,263,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its stake 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 purchasing an additional 3,327,352 shares during the last quarter. Pictet Asset Management Holding SA boosted its stake 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 buying an additional 878,951 shares in the last quarter. Groupama Asset Managment boosted its stake 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 buying an additional 802,639 shares in the last quarter. Nuveen LLC bought a new position in American Water Works in the first quarter valued at about $103,053,000. Finally, BROOKFIELD Corp ON raised its stake in American Water Works by 2,486.6% during the first quarter. BROOKFIELD Corp ON now owns 571,080 shares of the utilities provider’s stock worth $84,246,000 after acquiring an additional 549,002 shares in the last quarter. 86.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AWK has been the topic of a number of research analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of American Water Works in a research note on Friday. Argus raised their target price 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 lowered 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 report on Tuesday, August 12th. TD Cowen began coverage on American Water Works in a report on Thursday, October 16th. They set a “hold” rating and a $155.00 price objective on the stock. Finally, Barclays boosted their price objective on American Water Works from $128.00 to $134.00 and gave the stock an “underweight” rating in a research report on Tuesday. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $145.75.

American Water Works Trading Down 0.7%

Shares of NYSE AWK opened at $141.64 on Friday. The firm has a 50 day moving average price of $140.66 and a two-hundred day moving average price of $142.00. The stock has a market cap of $27.63 billion, a P/E ratio of 25.52, a price-to-earnings-growth ratio of 3.39 and a beta of 0.70. American Water Works Company, Inc. has a 52-week low of $118.74 and a 52-week high of $155.50. 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 (NYSE:AWK) last issued 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 business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.22 billion. American Water Works had a return on equity of 10.34% and a net margin of 21.91%.The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.42 EPS. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. As a group, equities analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current 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. 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 59.64%.

American Water Works 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.