Principle Wealth Partners LLC Buys New Shares in American Water Works Company, Inc. $AWK

Principle Wealth Partners LLC purchased a new stake in American Water Works Company, Inc. (NYSE:AWK) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,750 shares of the utilities provider’s stock, valued at approximately $243,000.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of American Water Works by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 25,248,263 shares of the utilities provider’s stock valued at $3,724,624,000 after acquiring an additional 141,038 shares in the last quarter. Pictet Asset Management Holding SA increased its stake in shares of American Water Works by 24.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 4,532,131 shares of the utilities provider’s stock worth $668,566,000 after purchasing an additional 878,951 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of American Water Works by 881.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,704,995 shares of the utilities provider’s stock worth $546,562,000 after purchasing an additional 3,327,352 shares during the last quarter. Northern Trust Corp increased its stake in shares of American Water Works by 3.6% during the 1st quarter. Northern Trust Corp now owns 3,479,406 shares of the utilities provider’s stock worth $513,282,000 after purchasing an additional 121,680 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in American Water Works by 1.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,270,420 shares of the utilities provider’s stock valued at $323,671,000 after buying an additional 24,239 shares during the last quarter. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on AWK. Mizuho raised their target price on shares of American Water Works from $148.00 to $149.00 and gave the company a “neutral” rating in a research note on Friday, August 1st. Wells Fargo & Company reduced 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. Barclays raised their price objective on shares of American Water Works from $128.00 to $134.00 and gave the stock an “underweight” rating in a report on Tuesday. TD Cowen assumed coverage on shares of American Water Works in a report on Thursday, October 16th. They set a “hold” rating and a $155.00 price target for the company. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of American Water Works in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $145.75.

American Water Works Stock Down 0.8%

Shares of NYSE:AWK opened at $142.62 on Friday. The stock has a market cap of $27.82 billion, a price-to-earnings ratio of 25.70, a P/E/G ratio of 3.45 and a beta of 0.70. The company has a 50 day moving average of $140.71 and a 200-day moving average of $141.98. 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 one year low of $118.74 and a one year high of $155.50.

American Water Works (NYSE:AWK) last posted its 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 firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.22 billion. American Water Works had a return on equity of 10.34% and a net margin of 21.91%.The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the business posted $1.42 earnings per share. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. On average, sell-side analysts forecast that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Announces Dividend

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