Linscomb Wealth Inc. Has $5.85 Million Stock Position in American Water Works Company, Inc. $AWK

Linscomb Wealth Inc. grew its stake in American Water Works Company, Inc. (NYSE:AWK) by 4.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 42,033 shares of the utilities provider’s stock after acquiring an additional 1,601 shares during the quarter. Linscomb Wealth Inc.’s holdings in American Water Works were worth $5,847,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of American Water Works by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 25,248,263 shares of the utilities provider’s stock valued at $3,724,624,000 after purchasing an additional 141,038 shares during the period. Pictet Asset Management Holding SA grew its stake in shares of American Water Works by 24.1% in the 1st 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. Price T Rowe Associates Inc. MD grew 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 period. Northern Trust Corp grew its stake in shares of American Water Works by 3.6% in the 1st quarter. Northern Trust Corp now owns 3,479,406 shares of the utilities provider’s stock valued at $513,282,000 after purchasing an additional 121,680 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of 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 valued at $323,671,000 after purchasing an additional 24,239 shares during the period. 86.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Cowen assumed coverage on shares of American Water Works in a research report on Wednesday, October 15th. They issued a “hold” rating on the stock. TD Cowen assumed coverage on shares of American Water Works in a research report on Thursday, October 16th. They issued a “hold” rating and a $155.00 price target on the stock. Argus boosted their price target 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. Wells Fargo & Company assumed coverage on shares of American Water Works in a research report on Monday. They issued an “equal weight” rating and a $142.00 price target on the stock. Finally, Mizuho set a $145.00 price target on shares of American Water Works in a research report on Tuesday. One research analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, American Water Works currently has a consensus rating of “Hold” and an average target price of $145.38.

American Water Works Stock Down 2.5%

NYSE:AWK opened at $126.75 on Friday. The stock’s fifty day moving average price is $139.67 and its two-hundred day moving average price is $141.74. 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. The company has a market cap of $24.73 billion, a price-to-earnings ratio of 22.28, a P/E/G ratio of 2.84 and a beta of 0.70.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.04. American Water Works had a return on equity of 10.57% and a net margin of 21.93%.The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the business earned $1.80 EPS. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. FY 2026 guidance at 6.020-6.120 EPS. On average, analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Thursday, November 13th will be issued a $0.8275 dividend. This represents a $3.31 annualized dividend and a yield of 2.6%. The ex-dividend date is Thursday, November 13th. American Water Works’s dividend payout ratio is currently 59.64%.

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.