What is Zacks Research’s Estimate for AWK FY2024 Earnings?

American Water Works Company, Inc. (NYSE:AWK) – Research analysts at Zacks Research reduced their FY2024 earnings per share (EPS) estimates for American Water Works in a report released on Wednesday, November 20th. Zacks Research analyst R. Department now forecasts that the utilities provider will post earnings per share of $5.27 for the year, down from their prior estimate of $5.28. The consensus estimate for American Water Works’ current full-year earnings is $5.27 per share. Zacks Research also issued estimates for American Water Works’ Q2 2026 earnings at $1.53 EPS.

AWK has been the topic of a number of other research reports. UBS Group upgraded American Water Works from a “neutral” rating to a “buy” rating and raised their price target for the company from $151.00 to $155.00 in a research report on Tuesday, November 19th. Bank of America restated an “underperform” rating and set a $140.00 price target on shares of American Water Works in a research report on Friday, September 20th. Wolfe Research upgraded American Water Works to a “hold” rating in a research report on Wednesday, September 18th. Wells Fargo & Company downgraded American Water Works from an “equal weight” rating to an “underweight” rating and raised their price target for the company from $127.00 to $138.00 in a research report on Wednesday, July 31st. Finally, Royal Bank of Canada restated an “outperform” rating and set a $164.00 price target on shares of American Water Works in a research report on Thursday, September 19th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, American Water Works has an average rating of “Hold” and an average target price of $142.29.

American Water Works Trading Up 0.7 %

Shares of AWK stock opened at $137.63 on Monday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.53 and a current ratio of 0.58. American Water Works has a 52-week low of $113.34 and a 52-week high of $150.68. The company has a market capitalization of $26.82 billion, a PE ratio of 27.25, a price-to-earnings-growth ratio of 3.20 and a beta of 0.70. The business’s fifty day moving average is $139.56 and its 200 day moving average is $137.80.

American Water Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Tuesday, November 12th will be paid a dividend of $0.765 per share. The ex-dividend date is Tuesday, November 12th. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.22%. American Water Works’s dividend payout ratio (DPR) is currently 60.59%.

Insider Activity

In related news, Director Martha Clark Goss sold 710 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $142.85, for a total value of $101,423.50. Following the sale, the director now directly owns 36,880 shares of the company’s stock, valued at $5,268,308. This trade represents a 1.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.08% of the company’s stock.

Institutional Trading of American Water Works

Several large investors have recently modified their holdings of AWK. Wulff Hansen & CO. grew its stake in shares of American Water Works by 12,816.0% in the second 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 last quarter. Victory Capital Management Inc. grew its stake in shares of American Water Works by 1,131.1% in the third quarter. Victory Capital Management Inc. now owns 1,438,137 shares of the utilities provider’s stock worth $210,313,000 after purchasing an additional 1,321,320 shares during the last quarter. Groupama Asset Managment grew its stake in shares of American Water Works by 4,227.0% in the third quarter. Groupama Asset Managment now owns 711,927 shares of the utilities provider’s stock worth $104,000 after purchasing an additional 695,474 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of American Water Works by 14,944.4% in the third quarter. International Assets Investment Management LLC now owns 537,987 shares of the utilities provider’s stock worth $786,750,000 after purchasing an additional 534,411 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of American Water Works by 631.4% in the third quarter. Assenagon Asset Management S.A. now owns 445,788 shares of the utilities provider’s stock worth $65,192,000 after purchasing an additional 384,836 shares during the last quarter. 86.58% of the stock is owned by 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.