PDS Planning Inc Purchases 745 Shares of American Water Works Company, Inc. $AWK

PDS Planning Inc boosted its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 34.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,938 shares of the utilities provider’s stock after buying an additional 745 shares during the quarter. PDS Planning Inc’s holdings in American Water Works were worth $409,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AWK. Sumitomo Life Insurance Co. raised its holdings in American Water Works by 1.5% in the 1st quarter. Sumitomo Life Insurance Co. now owns 4,679 shares of the utilities provider’s stock worth $690,000 after purchasing an additional 70 shares in the last quarter. Sargent Investment Group LLC raised its holdings in American Water Works by 2.6% in the 1st 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. Private Trust Co. NA raised its holdings in American Water Works by 4.8% in the 1st quarter. Private Trust Co. NA now owns 1,607 shares of the utilities provider’s stock worth $237,000 after purchasing an additional 74 shares in the last quarter. Foundations Investment Advisors LLC raised its holdings in 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 worth $255,000 after purchasing an additional 82 shares in the last quarter. Finally, Principal Securities Inc. raised its holdings in American Water Works by 1.4% in the 1st quarter. Principal Securities Inc. now owns 6,157 shares of the utilities provider’s stock worth $908,000 after purchasing an additional 85 shares in the last quarter. 86.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AWK has been the subject of several research reports. UBS Group decreased their price objective on shares of American Water Works from $156.00 to $151.00 and set a “neutral” rating for the company in a report on Tuesday, August 12th. Wells Fargo & Company decreased their price objective on shares of American Water Works from $147.00 to $141.00 and set an “equal weight” rating for the company in a report on Friday, August 1st. Mizuho upped their price objective on shares of American Water Works from $148.00 to $149.00 and gave the stock a “neutral” rating in a report on Friday, August 1st. Argus upped their price objective 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. Finally, Barclays reduced 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. One analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $143.57.

American Water Works Stock Up 1.2%

NYSE:AWK opened at $142.78 on Friday. The firm’s 50-day moving average price is $140.87 and its 200-day moving average price is $142.17. The company has a market capitalization of $27.86 billion, a PE ratio of 25.73, a P/E/G ratio of 3.38 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 1-year low of $118.74 and a 1-year high of $155.50.

American Water Works (NYSE:AWK) last released its earnings results on Wednesday, July 30th. The utilities provider reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the company earned $1.42 earnings per share. The firm’s quarterly revenue 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. On average, equities analysts predict that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Tuesday, August 12th were given a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a 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%.

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.