What is Seaport Res Ptn’s Estimate for AWK FY2024 Earnings?

American Water Works Company, Inc. (NYSE:AWK) – Equities researchers at Seaport Res Ptn lifted their FY2024 earnings per share estimates for shares of American Water Works in a research report issued to clients and investors on Monday, January 6th. Seaport Res Ptn analyst A. Storozynski now anticipates that the utilities provider will post earnings of $5.28 per share 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.

AWK has been the topic of a number of other reports. UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $151.00 to $155.00 in a report on Tuesday, November 19th. Wolfe Research raised shares of American Water Works to a “hold” rating in a research report on Wednesday, September 18th. Bank of America reaffirmed an “underperform” rating and issued a $140.00 price objective on shares of American Water Works in a research report on Friday, September 20th. Royal Bank of Canada reissued an “outperform” rating and set a $164.00 target price on shares of American Water Works in a research report on Thursday, September 19th. Finally, Jefferies Financial Group began coverage on American Water Works in a report on Monday, October 7th. They issued an “underperform” rating and a $124.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $141.00.

American Water Works Stock Down 0.3 %

Shares of NYSE:AWK opened at $121.65 on Tuesday. The business’s 50 day moving average is $131.41 and its 200 day moving average is $137.42. American Water Works has a 12-month low of $113.34 and a 12-month high of $150.68. The stock has a market cap of $23.71 billion, a price-to-earnings ratio of 24.09, a PEG ratio of 3.03 and a beta of 0.71. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 1.21.

American Water Works Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 7th will be paid a $0.765 dividend. The ex-dividend date is Friday, February 7th. This represents a $3.06 annualized dividend and a yield of 2.52%. American Water Works’s payout ratio is 60.59%.

Institutional Trading of American Water Works

A number of large investors have recently bought and sold shares of the company. Asset Dedication LLC grew its stake in American Water Works by 1.6% in the 2nd quarter. Asset Dedication LLC now owns 5,415 shares of the utilities provider’s stock valued at $699,000 after buying an additional 85 shares in the last quarter. Acadian Asset Management LLC purchased a new position in American Water Works during the 2nd quarter valued at about $357,000. Caprock Group LLC increased its position in shares of American Water Works by 20.3% during the second quarter. Caprock Group LLC now owns 3,533 shares of the utilities provider’s stock valued at $456,000 after buying an additional 597 shares during the period. Ballentine Partners LLC boosted its position in shares of American Water Works by 77.7% in the second quarter. Ballentine Partners LLC now owns 15,745 shares of the utilities provider’s stock valued at $2,034,000 after acquiring an additional 6,885 shares during the period. Finally, Oak Thistle LLC bought a new stake in American Water Works during the 2nd quarter worth approximately $529,000. 86.58% of the stock is owned by hedge funds and other institutional investors.

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.