US Bancorp DE Buys 2,989 Shares of American Water Works Company, Inc. $AWK

US Bancorp DE increased its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 5.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 55,699 shares of the utilities provider’s stock after buying an additional 2,989 shares during the quarter. US Bancorp DE’s holdings in American Water Works were worth $7,748,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of American Water Works during the 2nd quarter worth $28,000. WPG Advisers LLC bought a new stake in shares of American Water Works during the 1st quarter worth $29,000. Flaharty Asset Management LLC bought a new stake in shares of American Water Works during the 1st quarter worth $30,000. Cloud Capital Management LLC bought a new stake in shares of American Water Works during the 1st quarter worth $29,000. Finally, REAP Financial Group LLC lifted its position in shares of American Water Works by 157.3% during the 2nd quarter. REAP Financial Group LLC now owns 283 shares of the utilities provider’s stock worth $39,000 after buying an additional 173 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Mizuho upped their price objective on American Water Works from $148.00 to $149.00 and gave the stock a “neutral” rating in a research report on Friday, August 1st. Argus upped their target price on American Water Works from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, August 14th. UBS Group lowered their target price on 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 lowered their target price on 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. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of American Water Works in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $143.57.

American Water Works Price Performance

Shares of AWK opened at $142.78 on Monday. The stock has a market cap of $27.86 billion, a PE ratio of 25.73, a PEG ratio of 3.43 and a beta of 0.70. The business has a 50-day simple moving average of $140.87 and a two-hundred day simple moving average of $142.16. The company has a quick ratio of 0.32, a current ratio of 0.35 and a debt-to-equity ratio of 1.15. 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 issued its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.05). The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.22 billion. American Water Works had a net margin of 21.91% and a return on equity of 10.34%. The company’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.42 EPS. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. Analysts anticipate that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

American Water Works Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 12th were paid a $0.8275 dividend. 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 is presently 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.