American Water Works Company, Inc. $AWK Shares Purchased by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI boosted its holdings in American Water Works Company, Inc. (NYSE:AWK) by 36.4% in the 2nd quarter, HoldingsChannel reports. The fund owned 2,239 shares of the utilities provider’s stock after acquiring an additional 597 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in American Water Works were worth $311,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Obermeyer Wealth Partners boosted its position in shares of American Water Works by 3.4% during the 2nd quarter. Obermeyer Wealth Partners now owns 2,280 shares of the utilities provider’s stock worth $317,000 after purchasing an additional 76 shares in the last quarter. Birchcreek Wealth Management LLC lifted its stake in shares of American Water Works by 5.4% in the second quarter. Birchcreek Wealth Management LLC now owns 1,558 shares of the utilities provider’s stock valued at $217,000 after purchasing an additional 80 shares during the period. Foundations Investment Advisors LLC boosted its holdings in American Water Works by 5.0% during the first quarter. Foundations Investment Advisors LLC now owns 1,726 shares of the utilities provider’s stock worth $255,000 after buying an additional 82 shares in the last quarter. Fortune Financial Advisors LLC boosted its holdings in American Water Works by 5.9% during the second 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 grew its position in American Water Works by 8.9% during the second 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.

American Water Works Price Performance

NYSE:AWK opened at $127.06 on Thursday. American Water Works Company, Inc. has a 12-month low of $118.74 and a 12-month high of $155.50. The firm has a market cap of $24.79 billion, a price-to-earnings ratio of 22.33, a price-to-earnings-growth ratio of 2.84 and a beta of 0.72. The company’s 50-day moving average is $136.08 and its two-hundred day moving average is $140.01. The company has a current ratio of 0.35, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15.

American Water Works (NYSE:AWK) last issued its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.04. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.36 billion. American Water Works had a net margin of 21.93% and a return on equity of 10.57%. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.80 earnings per share. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. FY 2026 guidance at 6.020-6.120 EPS. Research analysts expect that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Thursday, November 13th will be issued a $0.8275 dividend. The ex-dividend date is Thursday, November 13th. This represents a $3.31 annualized dividend and a yield of 2.6%. American Water Works’s payout ratio is 58.17%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AWK. Mizuho set a $145.00 price target on shares of American Water Works in a research report on Tuesday, October 28th. Wells Fargo & Company started coverage on American Water Works in a research note on Monday, October 27th. They issued an “equal weight” rating and a $142.00 price objective for the company. Cowen started coverage on American Water Works in a research report on Wednesday, October 15th. They set a “hold” rating on the stock. Argus upped their target price on American Water Works from $155.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, August 14th. Finally, Jefferies Financial Group upgraded American Water Works from an “underperform” rating to a “hold” rating and raised their price target for the company from $114.00 to $124.00 in a research report on Wednesday, November 5th. One research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $143.00.

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.