Vise Technologies Inc. Buys Shares of 3,916 American Water Works Company, Inc. $AWK

Vise Technologies Inc. purchased a new position in shares of American Water Works Company, Inc. (NYSE:AWK) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,916 shares of the utilities provider’s stock, valued at approximately $545,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Sargent Investment Group LLC raised its position in American Water Works by 2.6% in the first quarter. Sargent Investment Group LLC now owns 2,795 shares of the utilities provider’s stock worth $412,000 after purchasing an additional 70 shares in the last quarter. Obermeyer Wealth Partners grew its stake in shares of American Water Works by 3.4% in the 2nd quarter. Obermeyer Wealth Partners now owns 2,280 shares of the utilities provider’s stock valued at $317,000 after purchasing an additional 76 shares during the period. Foundations Investment Advisors LLC grew its stake in shares of American Water Works by 5.0% in the 1st quarter. Foundations Investment Advisors LLC now owns 1,726 shares of the utilities provider’s stock valued at $255,000 after purchasing an additional 82 shares during the period. Fortune Financial Advisors LLC raised its holdings in shares of American Water Works by 5.9% in the 2nd quarter. Fortune Financial Advisors LLC now owns 1,573 shares of the utilities provider’s stock worth $219,000 after buying an additional 87 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of American Water Works by 8.9% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,167 shares of the utilities provider’s stock worth $162,000 after buying an additional 95 shares during the period. Institutional investors and hedge funds own 86.58% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on AWK shares. UBS Group lowered their price target on American Water Works from $156.00 to $151.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 12th. Argus upped their target price on shares of American Water Works from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, August 14th. Wells Fargo & Company assumed coverage on shares of American Water Works in a research report on Monday, October 27th. They set an “equal weight” rating and a $142.00 target price for the company. Weiss Ratings reissued a “hold (c)” rating on shares of American Water Works in a report on Thursday. Finally, Barclays boosted their price target on shares of American Water Works from $128.00 to $134.00 and gave the company an “underweight” rating in a research report on Tuesday, October 21st. One research analyst has rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $143.00.

American Water Works Stock Up 0.2%

Shares of NYSE AWK opened at $131.72 on Friday. American Water Works Company, Inc. has a 12-month low of $118.74 and a 12-month high of $155.50. The firm’s 50-day simple moving average is $136.66 and its 200 day simple moving average is $140.41. 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 company has a market cap of $25.70 billion, a price-to-earnings ratio of 23.15, 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 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 company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the firm posted $1.80 earnings per share. The company’s revenue was up 9.7% on a year-over-year basis. 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 expect that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

American Water Works Announces Dividend

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

American Water Works 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.