American Water Works Company, Inc. $AWK Shares Purchased by Praxis Investment Management Inc.

Praxis Investment Management Inc. boosted its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 51.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,972 shares of the utilities provider’s stock after buying an additional 5,432 shares during the quarter. Praxis Investment Management Inc.’s holdings in American Water Works were worth $2,223,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Mirador Capital Partners LP raised its position in shares of American Water Works by 28.4% during the 2nd 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 in the last quarter. LGT Fund Management Co Ltd. increased its stake in American Water Works by 144.4% in the second quarter. LGT Fund Management Co Ltd. now owns 14,729 shares of the utilities provider’s stock valued at $2,049,000 after purchasing an additional 8,703 shares during the last quarter. St. Johns Investment Management Company LLC increased its stake in American Water Works by 11.2% in the second quarter. St. Johns Investment Management Company LLC now owns 3,652 shares of the utilities provider’s stock valued at $508,000 after purchasing an additional 368 shares during the last quarter. West Family Investments Inc. acquired a new position in shares of American Water Works in the 2nd quarter valued at $486,000. Finally, Grant Private Wealth Management Inc purchased a new position in shares of American Water Works in the 2nd quarter valued at $717,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Cowen started coverage on shares of American Water Works in a research note on Wednesday, October 15th. They set a “hold” rating on the stock. Wells Fargo & Company began coverage on American Water Works in a research report on Monday, October 27th. They set an “equal weight” rating and a $142.00 target price on the stock. Barclays boosted their target price on American Water Works from $128.00 to $134.00 and gave the company an “underweight” rating in a report on Tuesday, October 21st. TD Cowen began coverage on American Water Works in a research note on Thursday, October 16th. They set a “hold” rating and a $155.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Water Works in a research report on Monday, December 8th. One analyst has rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $143.00.

American Water Works Stock Performance

NYSE AWK opened at $131.50 on Monday. The firm has a market cap of $25.66 billion, a P/E ratio of 23.11, a P/E/G ratio of 3.39 and a beta of 0.76. American Water Works Company, Inc. has a 52-week low of $118.74 and a 52-week high of $155.50. The business’s 50-day moving average price is $133.80 and its 200 day moving average price is $138.46. The company has a quick ratio of 0.39, a current ratio of 0.42 and a debt-to-equity ratio of 1.19.

American Water Works (NYSE:AWK) last announced its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.04. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.36 billion. American Water Works had a net margin of 21.93% and a return on equity of 10.48%. American Water Works’s revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.80 EPS. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS and its FY 2026 guidance at 6.020-6.120 EPS. On average, equities research 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 10th will be issued a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Tuesday, February 10th. American Water Works’s payout ratio is currently 58.17%.

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.