Zacks Research Weighs in on American Water Works Company, Inc.’s Q4 2024 Earnings (NYSE:AWK)

American Water Works Company, Inc. (NYSE:AWK) – Research analysts at Zacks Research raised their Q4 2024 EPS estimates for American Water Works in a report released on Tuesday, April 16th. Zacks Research analyst J. Saha now expects that the utilities provider will post earnings per share of $0.99 for the quarter, up from their previous forecast of $0.98. The consensus estimate for American Water Works’ current full-year earnings is $5.24 per share. Zacks Research also issued estimates for American Water Works’ Q1 2025 earnings at $1.15 EPS and Q3 2025 earnings at $1.83 EPS.

A number of other analysts have also recently weighed in on the stock. StockNews.com cut shares of American Water Works from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. Evercore ISI cut shares of American Water Works from an “outperform” rating to an “in-line” rating and cut their price objective for the stock from $160.00 to $135.00 in a report on Friday, February 16th.

American Water Works Stock Up 1.0 %

AWK stock opened at $118.52 on Thursday. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 1.20. American Water Works has a twelve month low of $113.34 and a twelve month high of $152.99. The company’s 50 day moving average is $119.29 and its two-hundred day moving average is $124.12. The stock has a market cap of $23.09 billion, a P/E ratio of 24.24, a PEG ratio of 2.75 and a beta of 0.63.

American Water Works (NYSE:AWK) last issued its earnings results on Thursday, February 15th. The utilities provider reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.04. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.02 billion. American Water Works had a net margin of 22.30% and a return on equity of 9.70%. The firm’s revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.81 earnings per share.

Insider Activity

In other news, EVP Melanie M. Kennedy sold 843 shares of American Water Works stock in a transaction on Monday, March 4th. The shares were sold at an average price of $119.59, for a total value of $100,814.37. Following the transaction, the executive vice president now directly owns 16,240 shares of the company’s stock, valued at approximately $1,942,141.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.08% of the company’s stock.

Hedge Funds Weigh In On American Water Works

A number of hedge funds and other institutional investors have recently bought and sold shares of AWK. Norges Bank purchased a new position in American Water Works in the 4th quarter valued at $275,476,000. Moneta Group Investment Advisors LLC grew its position in American Water Works by 64,405.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,838,394 shares of the utilities provider’s stock valued at $280,208,000 after buying an additional 1,835,544 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in American Water Works by 945.5% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,806,146 shares of the utilities provider’s stock valued at $238,397,000 after buying an additional 1,633,389 shares during the last quarter. Boston Partners purchased a new position in American Water Works in the 4th quarter valued at $92,838,000. Finally, Royal Bank of Canada grew its position in American Water Works by 11.5% in the 2nd quarter. Royal Bank of Canada now owns 5,114,273 shares of the utilities provider’s stock valued at $730,062,000 after buying an additional 528,070 shares during the last quarter. 86.58% of the stock is currently 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.