Equities Analysts Offer Predictions for AWK FY2024 Earnings

American Water Works Company, Inc. (NYSE:AWK - Free Report) - Equities researchers at Seaport Res Ptn raised their FY2024 earnings per share estimates for American Water Works in a report released on Monday, January 6th. Seaport Res Ptn analyst A. Storozynski now forecasts that the utilities provider will post earnings per share of $5.28 for the year, up from their prior estimate of $5.25. The consensus estimate for American Water Works' current full-year earnings is $5.28 per share. Seaport Res Ptn also issued estimates for American Water Works' FY2025 earnings at $5.73 EPS, FY2026 earnings at $6.14 EPS and FY2027 earnings at $6.48 EPS.

Other research analysts have also recently issued research reports about the stock. Bank of America reiterated an "underperform" rating and set a $140.00 price target on shares of American Water Works in a report on Friday, September 20th. Mizuho downgraded shares of American Water Works from an "outperform" rating to a "neutral" rating and boosted their target price for the stock from $131.00 to $140.00 in a research note on Tuesday, October 15th. Wolfe Research upgraded American Water Works to a "hold" rating in a research note on Wednesday, September 18th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $164.00 price objective on shares of American Water Works in a research report on Thursday, September 19th. Finally, UBS Group raised American Water Works from a "neutral" rating to a "buy" rating and raised their target price for the stock from $151.00 to $155.00 in a research report on Tuesday, November 19th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, American Water Works currently has an average rating of "Hold" and a consensus price target of $141.00.

American Water Works Stock Down 0.3 %

Shares of American Water Works stock traded down $0.32 on Tuesday, reaching $121.65. 759,067 shares of the company were exchanged, compared to its average volume of 812,742. The stock's 50 day moving average price is $131.69 and its 200-day moving average price is $137.48. The company has a market cap of $23.71 billion, a P/E ratio of 24.09, a price-to-earnings-growth ratio of 3.03 and a beta of 0.71. American Water Works has a 1-year low of $113.34 and a 1-year high of $150.68. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.58 and a quick ratio of 0.53.

Institutional Investors Weigh In On American Water Works

Several large investors have recently modified their holdings of the company. Wulff Hansen & CO. boosted its stake in American Water Works by 12,816.0% during the 2nd quarter. Wulff Hansen & CO. now owns 1,464,674 shares of the utilities provider's stock worth $189,177,000 after purchasing an additional 1,453,334 shares during the period. Victory Capital Management Inc. boosted its stake in shares of American Water Works by 1,131.1% during the third quarter. Victory Capital Management Inc. now owns 1,438,137 shares of the utilities provider's stock worth $210,313,000 after buying an additional 1,321,320 shares during the period. Groupama Asset Managment grew its holdings in shares of American Water Works by 4,227.0% during the third quarter. Groupama Asset Managment now owns 711,927 shares of the utilities provider's stock worth $104,000 after buying an additional 695,474 shares during the last quarter. International Assets Investment Management LLC increased its position in American Water Works by 14,944.4% in the 3rd quarter. International Assets Investment Management LLC now owns 537,987 shares of the utilities provider's stock valued at $786,750,000 after acquiring an additional 534,411 shares during the period. Finally, Confluence Investment Management LLC raised its stake in American Water Works by 268.0% during the 4th quarter. Confluence Investment Management LLC now owns 537,138 shares of the utilities provider's stock valued at $66,868,000 after acquiring an additional 391,166 shares during the last quarter. 86.58% of the stock is owned by institutional investors and hedge funds.

American Water Works Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 7th will be given a dividend of $0.765 per share. This represents a $3.06 annualized dividend and a yield of 2.52%. The ex-dividend date is Friday, February 7th. American Water Works's dividend payout ratio (DPR) is 60.59%.

American Water Works Company Profile

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.