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

American Water Works Company, Inc. (NYSE:AWK) – Stock analysts at Seaport Res Ptn lifted their FY2024 earnings per share (EPS) estimates for shares of American Water Works in a report issued on Monday, January 6th. Seaport Res Ptn analyst A. Storozynski now forecasts that the utilities provider will earn $5.28 per share for the year, up from their prior forecast 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.

Several other research firms also recently commented on AWK. Jefferies Financial Group began coverage on shares of American Water Works in a research report on Monday, October 7th. They set an “underperform” rating and a $124.00 target price on 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. Wolfe Research upgraded American Water Works to a “hold” rating in a report on Wednesday, September 18th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $164.00 target price on shares of American Water Works in a report on Thursday, September 19th. Finally, Wells Fargo & Company upgraded American Water Works from an “underweight” rating to an “equal weight” rating and reduced their price target for the company from $133.00 to $129.00 in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, American Water Works currently has an average rating of “Hold” and a consensus price target of $141.00.

American Water Works Stock Performance

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

Hedge Funds Weigh In On American Water Works

Several institutional investors have recently added to or reduced their stakes in the business. Catalyst Capital Advisors LLC increased its position in American Water Works by 155.6% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock valued at $44,000 after buying an additional 182 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of American Water Works during the third quarter valued at approximately $51,000. Assetmark Inc. raised its position in shares of American Water Works by 31.7% during the third quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock worth $54,000 after purchasing an additional 89 shares during the period. Raleigh Capital Management Inc. raised its position in shares of American Water Works by 446.2% during the third quarter. Raleigh Capital Management Inc. now owns 426 shares of the utilities provider’s stock worth $62,000 after purchasing an additional 348 shares during the period. Finally, Sugarloaf Wealth Management LLC lifted its holdings in shares of American Water Works by 25.0% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 480 shares of the utilities provider’s stock worth $70,000 after purchasing an additional 96 shares in the last quarter. 86.58% of the stock is owned by institutional investors and hedge funds.

American Water Works Dividend Announcement

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