Friedenthal Financial Acquires Shares of 603 American Water Works Company, Inc. $AWK

Friedenthal Financial acquired a new stake in shares of American Water Works Company, Inc. (NYSE:AWK) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 603 shares of the utilities provider’s stock, valued at approximately $84,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Shell Asset Management Co. boosted its stake in American Water Works by 90.3% during the 2nd quarter. Shell Asset Management Co. now owns 32,284 shares of the utilities provider’s stock valued at $4,491,000 after acquiring an additional 15,323 shares during the last quarter. KLP Kapitalforvaltning AS lifted its position in shares of American Water Works by 0.9% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 115,086 shares of the utilities provider’s stock worth $16,010,000 after buying an additional 1,000 shares during the last quarter. Heck Capital Advisors LLC lifted its position in shares of American Water Works by 3.9% in the 2nd quarter. Heck Capital Advisors LLC now owns 4,174 shares of the utilities provider’s stock worth $581,000 after buying an additional 157 shares during the last quarter. Valeo Financial Advisors LLC bought a new position in shares of American Water Works in the 2nd quarter worth about $269,000. Finally, DAVENPORT & Co LLC lifted its position in shares of American Water Works by 3.5% in the 2nd quarter. DAVENPORT & Co LLC now owns 3,354 shares of the utilities provider’s stock worth $467,000 after buying an additional 112 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AWK. Barclays reduced their price target 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. Wells Fargo & Company reduced their price target on shares of American Water Works from $147.00 to $141.00 and set an “equal weight” rating on the stock in a research report on Friday, August 1st. Mizuho raised their price target on shares of American Water Works from $148.00 to $149.00 and gave the stock a “neutral” rating in a research report on Friday, August 1st. UBS Group cut their price objective on shares of 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. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of American Water Works in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, American Water Works currently has a consensus rating of “Hold” and a consensus target price of $143.57.

American Water Works Stock Performance

NYSE:AWK opened at $142.47 on Wednesday. The stock has a 50-day simple moving average of $140.89 and a two-hundred day simple moving average of $142.14. American Water Works Company, Inc. has a 52-week low of $118.74 and a 52-week high of $155.50. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.35. The firm has a market capitalization of $27.80 billion, a PE ratio of 25.67, a P/E/G ratio of 3.29 and a beta of 0.70.

American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.05). American Water Works had a net margin of 21.91% and a return on equity of 10.34%. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the firm posted $1.42 EPS. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. Analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.3%. 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.