Strong Tower Advisory Services Buys 892 Shares of American Water Works Company, Inc. $AWK

Strong Tower Advisory Services raised its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 5.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,702 shares of the utilities provider’s stock after purchasing an additional 892 shares during the quarter. Strong Tower Advisory Services’ holdings in American Water Works were worth $2,323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in AWK. Oliver Lagore Vanvalin Investment Group purchased a new position in American Water Works during the 2nd quarter valued at $28,000. Cloud Capital Management LLC bought a new position in American Water Works in the 1st quarter worth about $29,000. WPG Advisers LLC bought a new position in American Water Works in the 1st quarter worth about $29,000. Flaharty Asset Management LLC bought a new position in American Water Works during the 1st quarter valued at about $30,000. Finally, REAP Financial Group LLC lifted its stake in shares of American Water Works by 157.3% in the 2nd quarter. REAP Financial Group LLC now owns 283 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 173 shares during the period. 86.58% of the stock is owned by hedge funds and other institutional investors.

American Water Works Price Performance

Shares of NYSE AWK opened at $142.78 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. The firm has a market cap of $27.86 billion, a P/E ratio of 25.73, a P/E/G ratio of 3.34 and a beta of 0.70. The business’s 50 day moving average price is $140.87 and its 200 day moving average price is $142.16. American Water Works Company, Inc. has a 52 week low of $118.74 and a 52 week high of $155.50.

American Water Works (NYSE:AWK) last announced its earnings results 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). American Water Works had a return on equity of 10.34% and a net margin of 21.91%.The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the company earned $1.42 earnings per share. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. On average, sell-side analysts expect that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Announces Dividend

The company 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. This represents a $3.31 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, August 12th. American Water Works’s dividend payout ratio is currently 59.64%.

Analyst Ratings Changes

A number of brokerages have issued reports on AWK. Wells Fargo & Company cut their price objective on shares of American Water Works from $147.00 to $141.00 and set an “equal weight” rating for the company in a report on Friday, August 1st. Barclays dropped their price objective on shares of American Water Works from $138.00 to $128.00 and set an “underweight” rating for the company in a research note on Thursday, July 10th. Argus lifted their price objective on shares of American Water Works from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, August 14th. UBS Group decreased their target price on American Water Works from $156.00 to $151.00 and set a “neutral” rating for the company in a research report on Tuesday, August 12th. Finally, Mizuho lifted their target price 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. One investment 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $143.57.

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.