Q1 2024 EPS Estimates for American Water Works Company, Inc. Reduced by Analyst (NYSE:AWK)

American Water Works Company, Inc. (NYSE:AWK) – Equities researchers at Zacks Research lowered their Q1 2024 earnings estimates for shares of American Water Works in a research note issued to investors on Tuesday, April 30th. Zacks Research analyst J. Saha now anticipates that the utilities provider will post earnings per share of $0.98 for the quarter, down from their previous forecast of $1.00. The consensus estimate for American Water Works’ current full-year earnings is $5.24 per share. Zacks Research also issued estimates for American Water Works’ Q2 2024 earnings at $1.49 EPS, Q3 2024 earnings at $1.76 EPS, Q4 2024 earnings at $1.00 EPS, FY2024 earnings at $5.23 EPS, Q2 2025 earnings at $1.58 EPS, Q3 2025 earnings at $1.85 EPS, FY2025 earnings at $5.68 EPS, Q1 2026 earnings at $1.26 EPS and FY2026 earnings at $5.97 EPS.

Several other analysts have also commented on AWK. StockNews.com lowered shares of American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd. Evercore ISI lowered shares of American Water Works from an “outperform” rating to an “in-line” rating and decreased their price target for the stock from $160.00 to $135.00 in a research note on Friday, February 16th.

American Water Works Trading Up 2.2 %

NYSE AWK opened at $128.75 on Thursday. The stock has a market capitalization of $25.08 billion, a price-to-earnings ratio of 26.12, a PEG ratio of 2.98 and a beta of 0.62. The business’s fifty day moving average is $119.33 and its 200-day moving average is $124.29. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.65 and a quick ratio of 0.59. American Water Works has a one year low of $113.34 and a one year high of $151.24.

American Water Works (NYSE:AWK) last issued its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.03). The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $962.30 million. American Water Works had a return on equity of 9.79% and a net margin of 22.27%. The business’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 earnings per share.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. MV Capital Management Inc. grew its position in American Water Works by 110.8% during the fourth quarter. MV Capital Management Inc. now owns 196 shares of the utilities provider’s stock worth $26,000 after buying an additional 103 shares in the last quarter. Ables Iannone Moore & Associates Inc. purchased a new position in shares of American Water Works during the fourth quarter worth about $26,000. ORG Partners LLC increased its position in shares of American Water Works by 79.2% in the fourth quarter. ORG Partners LLC now owns 233 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 103 shares during the last quarter. Farmers & Merchants Investments Inc. raised its stake in American Water Works by 100.0% in the first quarter. Farmers & Merchants Investments Inc. now owns 254 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 127 shares in the last quarter. Finally, Tortoise Investment Management LLC lifted its position in American Water Works by 71.9% during the fourth quarter. Tortoise Investment Management LLC now owns 239 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 86.58% of the company’s stock.

Insider Activity at American Water Works

In other news, EVP Melanie M. Kennedy sold 843 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $119.59, for a total value of $100,814.37. Following the completion of the transaction, the executive vice president now directly owns 16,240 shares of the company’s stock, valued at $1,942,141.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.08% of the stock is currently owned by corporate insiders.

American Water Works Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Tuesday, May 14th will be given a $0.765 dividend. The ex-dividend date is Monday, May 13th. This represents a $3.06 annualized dividend and a dividend yield of 2.38%. This is a positive change from American Water Works’s previous quarterly dividend of $0.71. American Water Works’s payout ratio is 57.40%.

About American Water Works

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.