Putney Financial Group LLC Has $141,000 Stock Position in American Water Works Company, Inc. $AWK

Putney Financial Group LLC grew its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 864.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,013 shares of the utilities provider’s stock after buying an additional 908 shares during the quarter. Putney Financial Group LLC’s holdings in American Water Works were worth $141,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in American Water Works by 16.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,597 shares of the utilities provider’s stock worth $3,597,000 after purchasing an additional 3,426 shares in the last quarter. Amalgamated Bank grew its holdings in shares of American Water Works by 0.8% during the first quarter. Amalgamated Bank now owns 37,912 shares of the utilities provider’s stock worth $5,593,000 after purchasing an additional 302 shares during the last quarter. Mather Group LLC. grew its holdings in shares of American Water Works by 360.4% during the first quarter. Mather Group LLC. now owns 442 shares of the utilities provider’s stock worth $65,000 after purchasing an additional 346 shares during the last quarter. Rossby Financial LCC acquired a new position in shares of American Water Works in the first quarter valued at approximately $76,000. Finally, Aaron Wealth Advisors LLC raised its holdings in American Water Works by 23.2% in the 1st quarter. Aaron Wealth Advisors LLC now owns 2,288 shares of the utilities provider’s stock valued at $338,000 after buying an additional 431 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AWK. Wells Fargo & Company assumed coverage on shares of American Water Works in a research report on Monday. They issued an “equal weight” rating and a $142.00 price target for the company. Mizuho set a $145.00 price objective on American Water Works in a report on Tuesday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of American Water Works in a research report on Wednesday, October 8th. Argus upped their price target on American Water Works from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, August 14th. Finally, Barclays boosted their price target on shares of American Water Works from $128.00 to $134.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 21st. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, American Water Works presently has an average rating of “Hold” and a consensus price target of $145.38.

American Water Works Stock Performance

NYSE:AWK opened at $126.75 on Friday. 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. The company has a fifty day moving average of $139.67 and a 200-day moving average of $141.74. The firm has a market capitalization of $24.73 billion, a P/E ratio of 22.28, a P/E/G ratio of 2.84 and a beta of 0.70.

American Water Works (NYSE:AWK) last posted its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.04. American Water Works had a net margin of 21.93% and a return on equity of 10.57%. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the firm posted $1.80 earnings per share. The business’s revenue was up 9.7% compared to the same quarter last year. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. FY 2026 guidance at 6.020-6.120 EPS. As a group, sell-side analysts anticipate 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 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 dividend payout ratio is presently 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.