Checchi Capital Advisers LLC Cuts Stock Position in American Water Works Company, Inc. $AWK

Checchi Capital Advisers LLC lowered its position in American Water Works Company, Inc. (NYSE:AWK) by 5.0% during the second quarter, Holdings Channel reports. The institutional investor owned 2,053 shares of the utilities provider’s stock after selling 108 shares during the quarter. Checchi Capital Advisers LLC’s holdings in American Water Works were worth $286,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds 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 2nd quarter worth approximately $28,000. Cloud Capital Management LLC purchased a new stake in American Water Works during the 1st quarter worth approximately $29,000. WPG Advisers LLC purchased a new stake in American Water Works during the 1st quarter worth approximately $29,000. Flaharty Asset Management LLC purchased a new stake in American Water Works during the 1st quarter worth approximately $30,000. Finally, Wayfinding Financial LLC purchased a new stake in American Water Works during the 1st quarter worth approximately $48,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Wall Street Analyst Weigh In

AWK has been the topic of several research analyst reports. Barclays dropped their target price on shares of American Water Works from $138.00 to $128.00 and set an “underweight” rating on the stock in a research report on Thursday, July 10th. Wells Fargo & Company dropped their target price on shares of American Water Works from $147.00 to $141.00 and set an “equal weight” rating on the stock in a research report on Friday, August 1st. Mizuho boosted their target price on shares of American Water Works from $148.00 to $149.00 and gave the stock a “neutral” rating in a research report on Friday, August 1st. Weiss Ratings reissued a “hold (c+)” rating on shares of American Water Works in a research report on Saturday, September 27th. Finally, Argus boosted their target price on shares of American Water Works from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, August 14th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $143.57.

American Water Works Stock Up 2.5%

AWK stock opened at $142.47 on Wednesday. The firm’s fifty day simple moving average is $140.89 and its 200-day simple moving average is $142.14. The company has a market capitalization of $27.80 billion, a P/E ratio of 25.67, a price-to-earnings-growth ratio of 3.29 and a beta of 0.70. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.35 and a quick ratio of 0.32. 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 released its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.48 EPS 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 analysts’ expectations of $1.22 billion. American Water Works had a net margin of 21.91% and a return on equity of 10.34%. The firm’s revenue was up 11.1% on a year-over-year basis. During the same period last year, the company earned $1.42 earnings per share. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. As a group, equities research analysts forecast that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 12th were issued a $0.8275 dividend. This represents a $3.31 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Tuesday, August 12th. American Water Works’s dividend payout ratio is 59.64%.

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.