American Water Works Company, Inc. $AWK Stake Raised by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC increased its holdings in American Water Works Company, Inc. (NYSE:AWK) by 36.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,809 shares of the utilities provider’s stock after acquiring an additional 1,277 shares during the period. Sequoia Financial Advisors LLC’s holdings in American Water Works were worth $669,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

AWK has been the topic of several research reports. UBS Group dropped their target price 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. Weiss Ratings reissued a “hold (c+)” rating on shares of American Water Works in a research note on Wednesday, October 8th. Cowen assumed coverage on American Water Works in a research note on Wednesday. They issued a “hold” rating on the stock. Barclays cut their price objective on American Water Works from $138.00 to $128.00 and set an “underweight” rating on the stock in a research note on Thursday, July 10th. Finally, Mizuho raised their price objective on American Water Works from $148.00 to $149.00 and gave the company a “neutral” rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, American Water Works presently has a consensus rating of “Hold” and a consensus price target of $145.00.

American Water Works Stock Performance

AWK opened at $144.02 on Monday. The firm has a market capitalization of $28.10 billion, a P/E ratio of 25.95, a price-to-earnings-growth ratio of 3.45 and a beta of 0.70. The stock’s 50 day moving average price is $140.68 and its two-hundred day moving average price is $141.96. 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 released its earnings results on Wednesday, July 30th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.05). The business 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 business’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the business earned $1.42 EPS. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. On average, equities analysts forecast that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 12th were issued a $0.8275 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $3.31 dividend on an annualized basis and a yield of 2.3%. American Water Works’s dividend payout ratio (DPR) 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.