American Water Works Company, Inc. to Post FY2024 Earnings of $5.15 Per Share, Seaport Res Ptn Forecasts (NYSE:AWK)

American Water Works Company, Inc. (NYSE:AWK – Get Rating) – Equities researchers at Seaport Res Ptn dropped their FY2024 earnings per share estimates for shares of American Water Works in a research report issued to clients and investors on Wednesday, May 24th. Seaport Res Ptn analyst A. Storozynski now anticipates that the utilities provider will post earnings of $5.15 per share for the year, down from their prior estimate of $5.16. The consensus estimate for American Water Works’ current full-year earnings is $4.77 per share. Seaport Res Ptn also issued estimates for American Water Works’ FY2025 earnings at $5.58 EPS and FY2026 earnings at $6.08 EPS.

American Water Works (NYSE:AWK – Get Rating) last issued its quarterly earnings results on Thursday, April 27th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.01). The firm had revenue of $938.00 million for the quarter, compared to the consensus estimate of $903.84 million. American Water Works had a return on equity of 10.22% and a net margin of 21.40%. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period last year, the firm earned $0.87 EPS.

AWK has been the topic of a number of other reports. TheStreet cut American Water Works from a “b” rating to a “c+” rating in a research note on Wednesday, February 15th. Royal Bank of Canada reissued an “outperform” rating and set a $180.00 target price on shares of American Water Works in a research note on Tuesday, March 7th. StockNews.com started coverage on American Water Works in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Finally, Bank of America boosted their target price on American Water Works from $134.00 to $140.00 in a report on Monday, April 24th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $156.00.

American Water Works Price Performance

Shares of American Water Works stock opened at $142.45 on Thursday. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.71 and a quick ratio of 0.65. The business’s 50 day simple moving average is $146.60 and its two-hundred day simple moving average is $148.92. The stock has a market capitalization of $27.73 billion, a P/E ratio of 31.31, a price-to-earnings-growth ratio of 3.66 and a beta of 0.57. American Water Works has a one year low of $122.77 and a one year high of $162.59.

Institutional Investors Weigh In On American Water Works

A number of institutional investors and hedge funds have recently modified their holdings of the business. Commonwealth Equity Services LLC lifted its position in American Water Works by 1.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 104,429 shares of the utilities provider’s stock worth $13,592,000 after acquiring an additional 1,048 shares during the period. Orion Portfolio Solutions LLC increased its stake in American Water Works by 6.4% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 3,426 shares of the utilities provider’s stock worth $446,000 after buying an additional 205 shares in the last quarter. Guggenheim Capital LLC grew its position in shares of American Water Works by 44.7% in the third quarter. Guggenheim Capital LLC now owns 46,109 shares of the utilities provider’s stock valued at $6,001,000 after purchasing an additional 14,252 shares in the last quarter. LPL Financial LLC grew its position in shares of American Water Works by 7.0% in the fourth quarter. LPL Financial LLC now owns 205,705 shares of the utilities provider’s stock valued at $31,354,000 after purchasing an additional 13,506 shares in the last quarter. Finally, Richard W. Paul & Associates LLC acquired a new position in American Water Works in the fourth quarter valued at approximately $31,000. 83.06% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Michael Marberry purchased 1,400 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The stock was bought at an average cost of $142.35 per share, with a total value of $199,290.00. Following the completion of the purchase, the director now owns 3,673 shares in the company, valued at $522,851.55. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.08% of the stock is currently owned by company insiders.

American Water Works Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Tuesday, May 9th will be given a $0.7075 dividend. This is a boost from American Water Works’s previous quarterly dividend of $0.66. The ex-dividend date is Monday, May 8th. This represents a $2.83 dividend on an annualized basis and a yield of 1.99%. American Water Works’s dividend payout ratio is presently 62.20%.

American Water Works Company Profile

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American Water Works Co, Inc engages in the provision of complementary water and wastewater services. It operates through the following segments: Regulated Businesses, Market-Based Businesses, and Other. The Regulated Businesses segment offers water and wastewater services to customers. The Market-Based Businesses segment includes the military services group, which enters into long-term contracts with the U.S.