American Water Works Company, Inc. $AWK Position Increased by EFG Asset Management Americas Corp.

EFG Asset Management Americas Corp. lifted its position in American Water Works Company, Inc. (NYSE:AWK) by 216.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,096 shares of the utilities provider’s stock after acquiring an additional 17,167 shares during the period. EFG Asset Management Americas Corp.’s holdings in American Water Works were worth $3,491,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of American Water Works in the second quarter valued at $28,000. WPG Advisers LLC acquired a new stake in American Water Works during the 1st quarter worth about $29,000. Flaharty Asset Management LLC purchased a new position in American Water Works during the 1st quarter valued at about $30,000. Concord Wealth Partners purchased a new stake in shares of American Water Works in the second quarter worth approximately $28,000. Finally, GoalVest Advisory LLC boosted its holdings in shares of American Water Works by 8,566.7% during the second quarter. GoalVest Advisory LLC now owns 260 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 257 shares during the period. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Trading Down 2.2%

Shares of AWK stock opened at $127.06 on Thursday. The company has a quick ratio of 0.32, a current ratio of 0.35 and a debt-to-equity ratio of 1.15. The business’s 50 day moving average is $136.08 and its two-hundred day moving average is $140.01. The company has a market cap of $24.79 billion, a PE ratio of 22.33, a price-to-earnings-growth ratio of 2.84 and a beta of 0.72. American Water Works Company, Inc. has a 12 month low of $118.74 and a 12 month high of $155.50.

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

American Water Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Thursday, November 13th will be paid a $0.8275 dividend. The ex-dividend date is Thursday, November 13th. This represents a $3.31 annualized dividend and a dividend yield of 2.6%. American Water Works’s dividend payout ratio (DPR) is presently 58.17%.

Analysts Set New Price Targets

AWK has been the subject of a number of research analyst reports. Cowen began coverage on shares of American Water Works in a research report on Wednesday, October 15th. They issued a “hold” rating for the company. Mizuho set a $145.00 price target on shares of American Water Works in a research note on Tuesday, October 28th. Wells Fargo & Company began coverage on American Water Works in a research report on Monday, October 27th. They issued an “equal weight” rating and a $142.00 target price on the stock. Jefferies Financial Group upgraded shares of American Water Works from an “underperform” rating to a “hold” rating and lifted their target price for the company from $114.00 to $124.00 in a research note on Wednesday, November 5th. Finally, Barclays raised their price target on shares of American Water Works from $128.00 to $134.00 and gave the company an “underweight” rating in a report on Tuesday, October 21st. One research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $143.00.

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.