Cerity Partners LLC Purchases 4,815 Shares of American Water Works Company, Inc. $AWK

Cerity Partners LLC increased its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 2.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 249,551 shares of the utilities provider’s stock after purchasing an additional 4,815 shares during the quarter. Cerity Partners LLC’s holdings in American Water Works were worth $34,735,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of American Water Works by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 25,629,133 shares of the utilities provider’s stock worth $3,565,269,000 after buying an additional 380,870 shares during the last quarter. State Street Corp lifted its holdings in American Water Works by 2.6% during the second quarter. State Street Corp now owns 11,430,863 shares of the utilities provider’s stock worth $1,590,147,000 after acquiring an additional 286,053 shares during the period. Geode Capital Management LLC boosted its position in American Water Works by 2.1% in the second quarter. Geode Capital Management LLC now owns 4,949,996 shares of the utilities provider’s stock worth $685,662,000 after purchasing an additional 103,595 shares during the last quarter. Amundi grew its stake in American Water Works by 4.8% in the 2nd quarter. Amundi now owns 3,926,541 shares of the utilities provider’s stock valued at $559,951,000 after purchasing an additional 179,127 shares during the period. Finally, Invesco Ltd. grew its stake in American Water Works by 16.8% in the 2nd quarter. Invesco Ltd. now owns 3,442,004 shares of the utilities provider’s stock valued at $478,817,000 after purchasing an additional 494,868 shares during the period. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Stock Up 1.6%

AWK stock opened at $129.35 on Friday. The stock has a 50-day simple moving average of $130.21 and a two-hundred day simple moving average of $137.16. American Water Works Company, Inc. has a twelve month low of $118.74 and a twelve month high of $155.50. The firm has a market capitalization of $25.25 billion, a PE ratio of 22.73, a PEG ratio of 3.08 and a beta of 0.76. 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 released its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.04. The company had revenue of $1.45 billion during 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 10.48%. American Water Works’s revenue was up 9.7% compared to the same quarter last year. During the same period last year, the business earned $1.80 earnings per share. 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 analysts predict that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 10th will be issued a $0.8275 dividend. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $3.31 annualized dividend and a dividend yield of 2.6%. American Water Works’s dividend payout ratio is presently 58.17%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AWK. UBS Group set a $149.00 price target on shares of American Water Works in a report on Wednesday, December 17th. Jefferies Financial Group raised shares of American Water Works from an “underperform” rating to a “hold” rating and lifted their price objective for the stock from $114.00 to $124.00 in a research report on Wednesday, November 5th. Barclays reduced their target price on shares of American Water Works from $134.00 to $122.00 and set an “underweight” rating for the company in a research report on Wednesday, December 17th. TD Cowen started coverage on shares of American Water Works in a report on Thursday, October 16th. They issued a “hold” rating and a $155.00 price target on the stock. Finally, Wells Fargo & Company assumed coverage on American Water Works in a report on Monday, October 27th. They set an “equal weight” rating and a $142.00 price objective for the company. One equities research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $141.44.

American Water Works Profile

American Water Works Company, Inc (NYSE: AWK) is a publicly traded utility company that provides water and wastewater services in the United States. Its core business is the operation, management and maintenance of regulated water and wastewater systems that deliver potable water, collect and treat wastewater, and provide related customer services to residential, commercial and industrial customers as well as municipalities. The company’s operations include water treatment and distribution, wastewater collection and treatment, meter reading and billing, emergency repairs, and long-term infrastructure planning and capital project execution.

In addition to its regulated utility operations, American Water offers complementary nonregulated services and solutions that support system reliability and customer needs.