REAP Financial Group LLC Purchases 173 Shares of American Water Works Company, Inc. $AWK

REAP Financial Group LLC raised its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 157.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 283 shares of the utilities provider’s stock after acquiring an additional 173 shares during the quarter. REAP Financial Group LLC’s holdings in American Water Works were worth $39,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. PFG Advisors boosted its holdings in shares of American Water Works by 33.4% in the first quarter. PFG Advisors now owns 9,699 shares of the utilities provider’s stock worth $1,431,000 after acquiring an additional 2,429 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of American Water Works by 2.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 124,352 shares of the utilities provider’s stock worth $18,344,000 after acquiring an additional 2,570 shares during the period. Brown Advisory Inc. boosted its holdings in shares of American Water Works by 2.2% in the first quarter. Brown Advisory Inc. now owns 10,547 shares of the utilities provider’s stock worth $1,556,000 after acquiring an additional 229 shares during the period. Mirador Capital Partners LP boosted its holdings in shares of American Water Works by 28.4% in the second quarter. Mirador Capital Partners LP now owns 11,577 shares of the utilities provider’s stock worth $1,610,000 after acquiring an additional 2,562 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in shares of American Water Works by 45.2% in the first quarter. Farther Finance Advisors LLC now owns 2,326 shares of the utilities provider’s stock worth $342,000 after acquiring an additional 724 shares during the period. 86.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AWK has been the topic of a number of recent analyst reports. Barclays lowered their price objective 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. Wells Fargo & Company lowered their price objective 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of American Water Works in a research report on Wednesday. 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. Finally, Argus increased their price objective 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. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $143.57.

American Water Works Trading Down 1.0%

NYSE AWK opened at $141.09 on Thursday. The stock’s 50-day simple moving average is $140.91 and its two-hundred day simple moving average is $142.13. 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 quick ratio of 0.32, a current ratio of 0.35 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $27.53 billion, a price-to-earnings ratio of 25.42, a PEG ratio of 3.37 and a beta of 0.70.

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

American Water Works Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 12th were issued 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 payout ratio is currently 59.64%.

American Water Works Company 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.