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

American Water Works Company, Inc. (NYSE:AWK) – Equities researchers at Seaport Res Ptn increased their FY2024 EPS estimates for 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 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.

AWK has been the topic of a number of other research reports. Wolfe Research upgraded 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 target on shares of American Water Works in a report on Friday, September 20th. Mizuho lowered American Water Works from an “outperform” rating to a “neutral” rating and boosted their price objective for the stock from $131.00 to $140.00 in a report on Tuesday, October 15th. Jefferies Financial Group assumed coverage on shares of American Water Works in a research report on Monday, October 7th. They issued an “underperform” rating and a $124.00 price objective on the stock. Finally, UBS Group upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and lifted their target price for the company from $151.00 to $155.00 in a research report on Tuesday, November 19th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, American Water Works presently has a consensus rating of “Hold” and an average target price of $142.29.

American Water Works Stock Performance

NYSE AWK opened at $121.82 on Tuesday. The company’s 50 day simple moving average is $131.69 and its two-hundred day simple moving average is $137.48. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.58 and a quick ratio of 0.53. American Water Works has a 1 year low of $113.34 and a 1 year high of $150.68. The stock has a market capitalization of $23.74 billion, a PE ratio of 24.12, a P/E/G ratio of 3.03 and a beta of 0.71.

American Water Works Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Shareholders of record on Friday, February 7th will be paid a dividend of $0.765 per share. This represents a $3.06 annualized dividend and a dividend yield of 2.51%. The ex-dividend date is Friday, February 7th. American Water Works’s dividend payout ratio (DPR) is presently 60.59%.

Institutional Investors Weigh In On American Water Works

A number of institutional investors have recently made changes to their positions in AWK. Catalyst Capital Advisors LLC lifted its stake in American Water Works by 155.6% in the third quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock worth $44,000 after purchasing an additional 182 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of American Water Works in the 3rd quarter worth about $51,000. Assetmark Inc. lifted its holdings in American Water Works by 31.7% in the third quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock worth $54,000 after buying an additional 89 shares during the period. Raleigh Capital Management Inc. boosted 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 valued at $62,000 after purchasing an additional 348 shares in the last quarter. Finally, Sugarloaf Wealth Management LLC boosted its holdings in shares of American Water Works by 25.0% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 480 shares of the utilities provider’s stock valued at $70,000 after buying an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 86.58% of the company’s stock.

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.