Evelyn Partners Investment Management Services Ltd Makes New $1.01 Million Investment in American Water Works Company, Inc. $AWK

Evelyn Partners Investment Management Services Ltd acquired a new stake in American Water Works Company, Inc. (NYSE:AWK) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,280 shares of the utilities provider’s stock, valued at approximately $1,013,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of American Water Works in the 2nd quarter valued at about $28,000. Concord Wealth Partners purchased a new stake in shares of American Water Works during the second quarter worth approximately $28,000. WPG Advisers LLC acquired a new stake in American Water Works in the first quarter valued at approximately $29,000. Flaharty Asset Management LLC purchased a new position in American Water Works in the first quarter worth approximately $30,000. Finally, GoalVest Advisory LLC grew its holdings in American Water Works by 8,566.7% during the 2nd quarter. GoalVest Advisory LLC now owns 260 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 257 shares in the last quarter. 86.58% of the stock is owned by institutional investors and hedge funds.

American Water Works Trading Up 3.6%

AWK opened at $132.77 on Friday. The company has a quick ratio of 0.32, a current ratio of 0.35 and a debt-to-equity ratio of 1.15. American Water Works Company, Inc. has a 52 week low of $118.74 and a 52 week high of $155.50. The business’s 50 day moving average is $135.72 and its two-hundred day moving average is $139.82. The firm has a market cap of $25.91 billion, a price-to-earnings ratio of 23.33, a price-to-earnings-growth ratio of 2.84 and a beta of 0.72.

American Water Works (NYSE:AWK) last announced its earnings results on Wednesday, October 29th. The utilities provider reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.04. American Water Works had a net margin of 21.93% and a return on equity of 10.57%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period last year, the firm posted $1.80 earnings per share. The company’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, research analysts predict that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Thursday, November 13th will be issued a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Thursday, November 13th. American Water Works’s dividend payout ratio is presently 58.17%.

Wall Street Analysts Forecast Growth

AWK has been the topic of a number of analyst reports. Mizuho set a $145.00 price objective on shares of American Water Works in a report on Tuesday, October 28th. Wells Fargo & Company assumed coverage on American Water Works in a research note on Monday, October 27th. They issued an “equal weight” rating and a $142.00 price target on the stock. Argus upped their price objective on American Water Works from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, August 14th. TD Cowen assumed coverage on American Water Works in a research report on Thursday, October 16th. They set a “hold” rating and a $155.00 target price on the stock. Finally, Barclays upped their price target on American Water Works from $128.00 to $134.00 and gave the company an “underweight” rating in a report on Tuesday, October 21st. One analyst has rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, American Water Works has a consensus rating of “Hold” and a consensus price target of $143.00.

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.