Princeton Global Asset Management LLC Boosts Stock Position in American Water Works Company, Inc. $AWK

Princeton Global Asset Management LLC grew its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 64.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 344 shares of the utilities provider’s stock after buying an additional 135 shares during the quarter. Princeton Global Asset Management LLC’s holdings in American Water Works were worth $48,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Price T Rowe Associates Inc. MD boosted its stake in 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 valued at $546,562,000 after acquiring an additional 3,327,352 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in shares of American Water Works by 24.1% in the 1st quarter. Pictet Asset Management Holding SA now owns 4,532,131 shares of the utilities provider’s stock valued at $668,566,000 after purchasing an additional 878,951 shares in the last quarter. Groupama Asset Managment raised its stake in shares of American Water Works by 114.3% in the 1st quarter. Groupama Asset Managment now owns 1,505,106 shares of the utilities provider’s stock valued at $2,296,000 after purchasing an additional 802,639 shares in the last quarter. Nuveen LLC bought a new position in shares of American Water Works during the first quarter worth about $103,053,000. Finally, BROOKFIELD Corp ON grew its stake in American Water Works by 2,486.6% in the first quarter. BROOKFIELD Corp ON now owns 571,080 shares of the utilities provider’s stock worth $84,246,000 after purchasing an additional 549,002 shares in the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Price Performance

Shares of NYSE AWK opened at $145.43 on Tuesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.35 and a quick ratio of 0.32. The firm has a market capitalization of $28.37 billion, a PE ratio of 26.20, a P/E/G ratio of 3.45 and a beta of 0.70. American Water Works Company, Inc. has a 1-year low of $118.74 and a 1-year high of $155.50. The business’s fifty day moving average price is $140.68 and its two-hundred day moving average price is $141.95.

American Water Works (NYSE:AWK) last announced 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). The firm had revenue of $1.28 billion for 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 revenue was up 11.1% compared to the same quarter last year. During the same period last year, the firm posted $1.42 EPS. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. On average, research analysts expect that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 12th were paid a $0.8275 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $3.31 annualized dividend and a dividend yield of 2.3%. American Water Works’s dividend payout ratio (DPR) is presently 59.64%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Weiss Ratings restated a “hold (c+)” rating on shares of American Water Works in a research note on Wednesday, October 8th. UBS Group dropped their price target 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. Barclays reduced 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. Cowen initiated coverage on shares of American Water Works in a research note on Wednesday, October 15th. They set a “hold” rating for the company. Finally, Argus raised their price target on shares of American Water Works from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $145.00.

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.