Allstate Corp Purchases Shares of 7,160 American Water Works Company, Inc. $AWK

Allstate Corp acquired a new stake in American Water Works Company, Inc. (NYSE:AWK) in the 3rd quarter, Holdings Channel reports. The firm acquired 7,160 shares of the utilities provider’s stock, valued at approximately $997,000.

A number of other large investors have also recently made changes to their positions in the company. American National Bank & Trust acquired a new stake in American Water Works in the third quarter valued at approximately $26,000. Concord Wealth Partners acquired a new position in American Water Works during the 2nd quarter worth approximately $28,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of American Water Works in the 3rd quarter valued at approximately $28,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of American Water Works in the 2nd quarter valued at approximately $29,000. Finally, GoalVest Advisory LLC raised its holdings in shares of American Water Works by 8,566.7% in the 2nd quarter. GoalVest Advisory LLC now owns 260 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 257 shares in the last quarter. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

American Water Works Stock Performance

Shares of American Water Works stock opened at $130.98 on Thursday. The firm’s fifty day simple moving average is $130.65 and its 200-day simple moving average is $136.58. American Water Works Company, Inc. has a 12 month low of $120.63 and a 12 month high of $155.50. The stock has a market capitalization of $25.56 billion, a price-to-earnings ratio of 23.02, a PEG ratio of 3.05 and a beta of 0.76. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.42 and a quick ratio of 0.39.

American Water Works (NYSE:AWK) last issued its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.04. American Water Works had a net margin of 21.93% and a return on equity of 10.48%. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the prior year, the business earned $1.80 EPS. American Water Works’s quarterly revenue was up 9.7% compared to the same quarter last year. 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. As a group, equities analysts forecast that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 10th will be issued a dividend of $0.8275 per share. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 2.5%. American Water Works’s dividend payout ratio (DPR) is currently 58.17%.

Analysts Set New Price Targets

A number of brokerages recently commented on AWK. TD Cowen initiated coverage on shares of American Water Works in a research note on Thursday, October 16th. They set a “hold” rating and a $155.00 target price for the company. Mizuho set a $145.00 price target on American Water Works in a report on Tuesday, October 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Water Works in a research report on Monday, December 29th. Wells Fargo & Company dropped their price objective on American Water Works from $142.00 to $126.00 and set an “equal weight” rating on the stock in a report on Tuesday. Finally, UBS Group set a $149.00 target price on American Water Works in a research report on Wednesday, December 17th. One research analyst has rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $139.60.

About American Water Works

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.