EverSource Wealth Advisors LLC Has $36,000 Stake in American Water Works Company, Inc. (NYSE:AWK)

Posted by Defense World Staff on May 20th, 2023

EverSource Wealth Advisors LLC raised its position in American Water Works Company, Inc. (NYSE:AWK – Get Rating) by 296.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 234 shares of the utilities provider’s stock after purchasing an additional 175 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in American Water Works were worth $36,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of AWK. Richard W. Paul & Associates LLC acquired a new stake in shares of American Water Works in the fourth quarter valued at about $31,000. Capital Advisors Ltd. LLC increased its position in American Water Works by 133.0% during the fourth quarter. Capital Advisors Ltd. LLC now owns 487 shares of the utilities provider’s stock worth $38,000 after buying an additional 278 shares during the last quarter. Ameliora Wealth Management Ltd. acquired a new position in American Water Works during the fourth quarter worth approximately $45,000. HBC Financial Services PLLC acquired a new position in American Water Works during the second quarter worth approximately $46,000. Finally, Hallmark Capital Management Inc. acquired a new position in American Water Works during the third quarter worth approximately $55,000. Institutional investors own 83.06% of the company’s stock.

Wall Street Analysts Forecast Growth

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

American Water Works Stock Performance

Shares of American Water Works stock opened at $141.45 on Friday. The company has a market cap of $27.53 billion, a P/E ratio of 31.09, a PEG ratio of 3.66 and a beta of 0.57. The business has a 50-day moving average price of $146.29 and a two-hundred day moving average price of $148.81. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 1.10. American Water Works Company, Inc. has a 1-year low of $122.77 and a 1-year high of $162.59.

American Water Works (NYSE:AWK – Get Rating) last released its quarterly earnings data on Thursday, April 27th. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.01). American Water Works had a return on equity of 10.22% and a net margin of 21.40%. The company had revenue of $938.00 million for the quarter, compared to the consensus estimate of $903.84 million. During the same period last year, the company earned $0.87 EPS. American Water Works’s revenue for the quarter was up 11.4% compared to the same quarter last year. As a group, analysts anticipate that American Water Works Company, Inc. will post 4.77 EPS for the current year.

American Water Works Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Tuesday, May 9th will be paid a dividend of $0.7075 per share. The ex-dividend date of this dividend is Monday, May 8th. This represents a $2.83 annualized dividend and a dividend yield of 2.00%. This is a positive change from American Water Works’s previous quarterly dividend of $0.66. American Water Works’s dividend payout ratio (DPR) is presently 62.20%.

About American Water Works

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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.