Q3 2024 EPS Estimates for American Water Works Company, Inc. (NYSE:AWK) Increased by Zacks Research

American Water Works Company, Inc. (NYSE:AWK - Free Report) - Analysts at Zacks Research raised their Q3 2024 earnings per share (EPS) estimates for shares of American Water Works in a research note issued on Wednesday, August 21st. Zacks Research analyst J. Saha now expects that the utilities provider will post earnings per share of $1.81 for the quarter, up from their previous forecast of $1.77. The consensus estimate for American Water Works' current full-year earnings is $5.25 per share. Zacks Research also issued estimates for American Water Works' Q4 2024 earnings at $1.08 EPS, FY2024 earnings at $5.25 EPS, FY2025 earnings at $5.69 EPS and FY2026 earnings at $6.11 EPS.

Several other brokerages also recently issued reports on AWK. UBS Group raised their price objective on shares of American Water Works from $124.00 to $139.00 and gave the stock a "neutral" rating in a research note on Monday, May 13th. Wells Fargo & Company lowered American Water Works from an "equal weight" rating to an "underweight" rating and raised their price target for the stock from $127.00 to $138.00 in a research note on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $141.17.

American Water Works Trading Down 0.5 %

Shares of American Water Works stock traded down $0.71 during trading on Thursday, hitting $140.06. The stock had a trading volume of 771,806 shares, compared to its average volume of 1,257,420. The stock has a market cap of $27.29 billion, a PE ratio of 28.41, a PEG ratio of 3.44 and a beta of 0.67. American Water Works has a 12 month low of $113.34 and a 12 month high of $149.00. The firm's fifty day simple moving average is $137.11 and its 200-day simple moving average is $128.15. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.64 and a quick ratio of 0.79.

American Water Works (NYSE:AWK - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.47 by ($0.05). American Water Works had a return on equity of 9.60% and a net margin of 21.93%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the business earned $1.44 earnings per share. The firm's quarterly revenue was up 4.7% compared to the same quarter last year.

American Water Works Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 13th will be given a dividend of $0.765 per share. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend is Tuesday, August 13th. American Water Works's dividend payout ratio (DPR) is presently 62.07%.

Institutional Trading of American Water Works

A number of large investors have recently modified their holdings of AWK. Granite Bay Wealth Management LLC bought a new stake in shares of American Water Works in the second quarter valued at about $1,295,000. Truist Financial Corp increased its position in American Water Works by 21.0% during the 2nd quarter. Truist Financial Corp now owns 24,368 shares of the utilities provider's stock valued at $3,147,000 after purchasing an additional 4,229 shares during the period. Core Alternative Capital raised its holdings in shares of American Water Works by 34.5% in the 2nd quarter. Core Alternative Capital now owns 823 shares of the utilities provider's stock valued at $106,000 after purchasing an additional 211 shares in the last quarter. Quarry LP lifted its position in shares of American Water Works by 109.9% in the 2nd quarter. Quarry LP now owns 808 shares of the utilities provider's stock worth $104,000 after purchasing an additional 423 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of American Water Works by 6.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 207,355 shares of the utilities provider's stock valued at $26,783,000 after purchasing an additional 12,496 shares in the last quarter. Hedge funds and other institutional investors own 86.58% of the company's stock.

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.