GoalVest Advisory LLC Grows Stock Position in American Water Works Company, Inc. $AWK

GoalVest Advisory LLC lifted its stake in American Water Works Company, Inc. (NYSE:AWK) by 8,566.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 260 shares of the utilities provider’s stock after buying an additional 257 shares during the period. GoalVest Advisory LLC’s holdings in American Water Works were worth $36,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of AWK. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of American Water Works in the second quarter worth about $28,000. Concord Wealth Partners bought a new stake in shares of American Water Works in the second quarter worth about $28,000. Cloud Capital Management LLC bought a new stake in shares of American Water Works in the first quarter worth about $29,000. WPG Advisers LLC bought a new stake in shares of American Water Works in the first quarter worth about $29,000. Finally, Flaharty Asset Management LLC bought a new stake in shares of American Water Works in the first quarter worth about $30,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Stock Performance

American Water Works stock opened at $138.12 on Tuesday. The stock’s 50 day simple moving average is $140.57 and its two-hundred day simple moving average is $142.01. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.35. The stock has a market cap of $26.95 billion, a price-to-earnings ratio of 24.89, a PEG ratio of 3.39 and a beta of 0.70. American Water Works Company, Inc. has a fifty-two week low of $118.74 and a fifty-two week high of $155.50.

American Water Works (NYSE:AWK) last posted 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). American Water Works had a net margin of 21.91% and a return on equity of 10.34%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the firm posted $1.42 earnings per share. The business’s 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. As a group, analysts expect that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

American Water Works Dividend Announcement

The business 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 2.4%. The ex-dividend date of this dividend was Tuesday, August 12th. American Water Works’s payout ratio is currently 59.64%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AWK. Weiss Ratings reissued a “hold (c+)” rating on shares of American Water Works in a research note on Wednesday, October 8th. Mizuho raised their target price on American Water Works from $148.00 to $149.00 and gave the stock a “neutral” rating in a research note on Friday, August 1st. Wells Fargo & Company began coverage on American Water Works in a research note on Monday. They issued an “overweight” rating and a $142.00 target price on the stock. Barclays raised their target price on American Water Works from $128.00 to $134.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 21st. Finally, UBS Group cut their target price on American Water Works from $156.00 to $151.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 12th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $145.88.

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.