Sigma Planning Corp Increases Stock Position in American Water Works Company, Inc. $AWK

by · The Markets Daily

Sigma Planning Corp lifted its holdings in shares of American Water Works Company, Inc. (NYSE:AWK – Free Report) by 34.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,956 shares of the utilities provider’s stock after acquiring an additional 2,815 shares during the quarter. Sigma Planning Corp’s holdings in American Water Works were worth $1,524,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of American Water Works during the 2nd quarter valued at $28,000. WPG Advisers LLC acquired a new position in shares of American Water Works during the 1st quarter valued at $29,000. Flaharty Asset Management LLC acquired a new position in shares of American Water Works during the 1st quarter valued at $30,000. Concord Wealth Partners acquired a new position in shares of American Water Works during the 2nd quarter valued at $28,000. Finally, GoalVest Advisory LLC lifted its holdings in shares of American Water Works by 8,566.7% during the 2nd quarter. GoalVest Advisory LLC now owns 260 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 257 shares in the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AWK. UBS Group reduced their target price on shares of American Water Works from $156.00 to $151.00 and set a “neutral” rating on the stock in a report on Tuesday, August 12th. Jefferies Financial Group upgraded shares of American Water Works from an “underperform” rating to a “hold” rating and lifted their target price for the company from $114.00 to $124.00 in a report on Wednesday. Argus boosted their price objective on shares of American Water Works from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, August 14th. Mizuho set a $145.00 price objective on shares of American Water Works in a report on Tuesday, October 28th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of American Water Works in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $143.00.

View Our Latest Stock Report on AWK

American Water Works Stock Performance

Shares of American Water Works stock opened at $131.16 on Thursday. The firm has a market cap of $25.59 billion, a PE ratio of 23.05, a price-to-earnings-growth ratio of 2.84 and a beta of 0.70. The firm’s 50-day simple moving average is $138.36 and its 200-day simple moving average is $141.15. 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 1 year low of $118.74 and a 1 year high of $155.50.

American Water Works (NYSE:AWK – Get Free Report) last issued its earnings results on Wednesday, October 29th. The utilities provider reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.04. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.36 billion. American Water Works had a net margin of 21.93% and a return on equity of 10.57%. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.80 EPS. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. FY 2026 guidance at 6.020-6.120 EPS. Equities analysts forecast 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 will be paid on Tuesday, December 2nd. Stockholders of record on Thursday, November 13th will be paid a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Thursday, November 13th. American Water Works’s dividend payout ratio is 58.17%.

American Water Works Company Profile

(Free Report)

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.

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