Tevis Investment Management Makes New Investment in American Water Works Company, Inc. $AWK

Tevis Investment Management purchased a new position in American Water Works Company, Inc. (NYSE:AWK) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,512 shares of the utilities provider’s stock, valued at approximately $210,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its holdings in American Water Works by 9.4% in the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 16,777 shares of the utilities provider’s stock worth $2,334,000 after acquiring an additional 1,435 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of American Water Works by 24.7% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 106,015 shares of the utilities provider’s stock valued at $14,748,000 after buying an additional 21,000 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of American Water Works by 3.9% during the 2nd quarter. Teacher Retirement System of Texas now owns 29,614 shares of the utilities provider’s stock valued at $4,120,000 after buying an additional 1,123 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of American Water Works during the 2nd quarter valued at approximately $3,516,000. Finally, Bessemer Group Inc. boosted its stake in shares of American Water Works by 2.1% during the 2nd quarter. Bessemer Group Inc. now owns 5,912 shares of the utilities provider’s stock valued at $821,000 after buying an additional 119 shares during the last quarter. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Stock Performance

Shares of AWK opened at $138.12 on Tuesday. The business’s fifty day moving average price is $140.57 and its 200 day moving average price is $142.01. American Water Works Company, Inc. has a 12-month low of $118.74 and a 12-month high of $155.50. The stock has a market capitalization of $26.95 billion, a PE ratio of 24.89, a price-to-earnings-growth ratio of 3.39 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 (NYSE:AWK) last announced its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.05). American Water Works had a return on equity of 10.34% and a net margin of 21.91%.The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the business earned $1.42 earnings per share. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. Equities research analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 12th were given a $0.8275 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $3.31 annualized dividend and a yield of 2.4%. American Water Works’s dividend payout ratio (DPR) is currently 59.64%.

Wall Street Analyst Weigh In

Several research firms have recently commented on AWK. Argus increased their target price on American Water Works from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, August 14th. UBS Group reduced their target price on American Water Works from $156.00 to $151.00 and set a “neutral” rating for the company in a research note on Tuesday, August 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of American Water Works in a research note on Wednesday, October 8th. Cowen began coverage on American Water Works in a research note on Wednesday, October 15th. They set a “hold” rating for the company. Finally, TD Cowen assumed coverage on American Water Works in a research note on Thursday, October 16th. They set a “hold” rating and a $155.00 target price for the company. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $145.88.

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.