Piscataqua Savings Bank Has $340,000 Stock Holdings in American Water Works Company, Inc. $AWK

Piscataqua Savings Bank decreased its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 3.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,444 shares of the utilities provider’s stock after selling 75 shares during the period. Piscataqua Savings Bank’s holdings in American Water Works were worth $340,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. ARS Wealth Advisors Group LLC bought a new position in American Water Works during the 2nd quarter worth $316,000. Baker Tilly Wealth Management LLC increased its position in American Water Works by 7.1% during the 2nd quarter. Baker Tilly Wealth Management LLC now owns 2,976 shares of the utilities provider’s stock worth $414,000 after buying an additional 196 shares during the period. Exchange Traded Concepts LLC increased its position in American Water Works by 6.8% during the 2nd quarter. Exchange Traded Concepts LLC now owns 24,951 shares of the utilities provider’s stock worth $3,471,000 after buying an additional 1,597 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in American Water Works by 13.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 141,579 shares of the utilities provider’s stock worth $19,828,000 after buying an additional 17,227 shares during the period. Finally, Swedbank AB increased its position in American Water Works by 2.6% during the 2nd quarter. Swedbank AB now owns 136,523 shares of the utilities provider’s stock worth $18,992,000 after buying an additional 3,498 shares during the period. Institutional investors own 86.58% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. UBS Group lowered their price objective 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. Mizuho raised their price target 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. Barclays decreased their price target on 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. Argus raised their price target on American Water Works from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, August 14th. Finally, Wells Fargo & Company decreased their price target on 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. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, American Water Works currently has a consensus rating of “Reduce” and an average target price of $141.00.

American Water Works Stock Performance

NYSE:AWK opened at $135.44 on Friday. The stock’s 50-day simple moving average is $142.11 and its 200 day simple moving average is $142.63. The firm has a market capitalization of $26.42 billion, a PE ratio of 24.40, a price-to-earnings-growth ratio of 3.22 and a beta of 0.69. 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 twelve month low of $118.74 and a twelve month high of $155.50.

American Water Works (NYSE:AWK) last released its quarterly earnings data 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 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 earnings per share. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. On average, analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors 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 yield of 2.4%. American Water Works’s dividend payout ratio (DPR) is 59.64%.

About American Water Works

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.