Cromwell Holdings LLC Buys 114 Shares of American Water Works Company, Inc. $AWK

Cromwell Holdings LLC lifted its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 24.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 588 shares of the utilities provider’s stock after acquiring an additional 114 shares during the quarter. Cromwell Holdings LLC’s holdings in American Water Works were worth $82,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in AWK. NBC Securities Inc. bought a new position in shares of American Water Works during the first quarter worth about $110,000. Merit Financial Group LLC grew its stake in American Water Works by 26.8% during the first quarter. Merit Financial Group LLC now owns 4,270 shares of the utilities provider’s stock worth $630,000 after purchasing an additional 903 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its stake in American Water Works by 22.8% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 11,923 shares of the utilities provider’s stock worth $1,759,000 after purchasing an additional 2,214 shares during the period. Cora Capital Advisors LLC acquired a new stake in American Water Works during the first quarter worth approximately $224,000. Finally, Procyon Advisors LLC grew its stake in American Water Works by 5.9% during the first quarter. Procyon Advisors LLC now owns 2,502 shares of the utilities provider’s stock worth $369,000 after purchasing an additional 139 shares during the period. 86.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on AWK. Argus raised their target price on American Water Works from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, August 14th. Barclays decreased their target price on 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. 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 note on Tuesday, August 12th. Mizuho raised their target price on American Water Works from $148.00 to $149.00 and gave the stock a “neutral” rating in a research note on Friday, August 1st. Finally, Wells Fargo & Company decreased their target price on American Water Works from $147.00 to $141.00 and set an “equal weight” rating for the company in a research note on Friday, August 1st. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $141.13.

American Water Works Trading Down 0.4%

Shares of American Water Works stock opened at $135.54 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.35. American Water Works Company, Inc. has a 52 week low of $118.74 and a 52 week high of $155.50. The stock has a 50 day moving average price of $140.90 and a two-hundred day moving average price of $142.19. The stock has a market capitalization of $26.44 billion, a PE ratio of 24.42, a price-to-earnings-growth ratio of 3.22 and a beta of 0.70.

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

American Water Works Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Tuesday, August 12th were given a dividend of $0.8275 per share. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $3.31 annualized dividend and a dividend yield of 2.4%. American Water Works’s 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.