Stanley Laman Group Ltd. Buys 249 Shares of American Water Works Company, Inc. $AWK

Stanley Laman Group Ltd. lifted its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 16.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,781 shares of the utilities provider’s stock after buying an additional 249 shares during the period. Stanley Laman Group Ltd.’s holdings in American Water Works were worth $248,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of AWK. Vanguard Group Inc. boosted its stake in shares of American Water Works by 0.6% during the first 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 in the last quarter. Pictet Asset Management Holding SA raised its holdings in 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 buying an additional 878,951 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in American Water Works by 881.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,704,995 shares of the utilities provider’s stock worth $546,562,000 after buying an additional 3,327,352 shares during the period. Northern Trust Corp grew its holdings in American Water Works by 3.6% during the 1st quarter. Northern Trust Corp now owns 3,479,406 shares of the utilities provider’s stock worth $513,282,000 after acquiring an additional 121,680 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in 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 acquiring an additional 24,239 shares during the period. Institutional investors and hedge funds own 86.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AWK. Barclays cut their price target on shares of American Water Works from $138.00 to $128.00 and set an “underweight” rating on the stock in a report on Thursday, July 10th. TD Cowen began coverage on American Water Works in a research report on Thursday. They issued a “hold” rating and a $155.00 price target on the stock. Wells Fargo & Company lowered their price objective on American Water Works from $147.00 to $141.00 and set an “equal weight” rating for the company in a research report on Friday, August 1st. Argus lifted their price objective on American Water Works from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, August 14th. Finally, Mizuho upped their target price on American Water Works from $148.00 to $149.00 and gave the company a “neutral” rating in a report on Friday, August 1st. One research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $145.00.

American Water Works Stock Performance

Shares of American Water Works stock opened at $144.02 on Friday. The business has a 50-day moving average price of $140.68 and a two-hundred day moving average price of $142.03. American Water Works Company, Inc. has a 1-year low of $118.74 and a 1-year high of $155.50. The company has a current ratio of 0.35, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The company has a market cap of $28.10 billion, a P/E ratio of 25.95, a PEG ratio of 3.45 and a beta of 0.70.

American Water Works (NYSE:AWK) last announced its earnings results on Wednesday, July 30th. The utilities provider reported $1.48 EPS 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 business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the company earned $1.42 EPS. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. As a group, analysts anticipate 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 was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 12th were given a dividend of $0.8275 per share. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $3.31 annualized dividend and a dividend yield of 2.3%. American Water Works’s dividend payout ratio (DPR) is 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.