American Water Works Company, Inc. $AWK Shares Sold by Peoples Financial Services CORP.

Peoples Financial Services CORP. reduced its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 6.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,601 shares of the utilities provider’s stock after selling 243 shares during the period. Peoples Financial Services CORP.’s holdings in American Water Works were worth $501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in AWK. MassMutual Private Wealth & Trust FSB increased its position in American Water Works by 39.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,072 shares of the utilities provider’s stock valued at $158,000 after buying an additional 304 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of American Water Works by 197.6% in the first quarter. Versant Capital Management Inc now owns 610 shares of the utilities provider’s stock valued at $90,000 after purchasing an additional 405 shares during the period. Moody National Bank Trust Division increased its holdings in shares of American Water Works by 5.2% in the first quarter. Moody National Bank Trust Division now owns 4,472 shares of the utilities provider’s stock valued at $660,000 after purchasing an additional 223 shares during the period. GAMMA Investing LLC increased its holdings in shares of American Water Works by 20,534.0% in the first quarter. GAMMA Investing LLC now owns 615,306 shares of the utilities provider’s stock valued at $90,770,000 after purchasing an additional 612,324 shares during the period. Finally, Parallel Advisors LLC grew its holdings in American Water Works by 10.8% during the first quarter. Parallel Advisors LLC now owns 4,699 shares of the utilities provider’s stock worth $693,000 after acquiring an additional 458 shares during the period. 86.58% of the stock is owned by institutional investors and hedge funds.

American Water Works Stock Performance

NYSE AWK opened at $136.32 on Monday. The company has a market cap of $26.60 billion, a PE ratio of 24.56, a price-to-earnings-growth ratio of 3.23 and a beta of 0.69. The stock’s 50 day simple moving average is $141.34 and its 200-day simple moving average is $142.37. American Water Works Company, Inc. has a 1-year low of $118.74 and a 1-year high of $155.50. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.35 and a quick ratio of 0.32.

American Water Works (NYSE:AWK) last released its earnings results on Wednesday, July 30th. The utilities provider reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.05). The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.22 billion. American Water Works had a net margin of 21.91% and a return on equity of 10.34%. The business’s revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.42 EPS. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. As a group, equities research analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 12th were given a $0.8275 dividend. This represents a $3.31 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Tuesday, August 12th. American Water Works’s dividend payout ratio (DPR) is 59.64%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Argus raised their target price on American Water Works from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, August 14th. Mizuho raised their target price on American Water Works from $148.00 to $149.00 and gave the stock a “neutral” rating in a report on Friday, August 1st. UBS Group dropped their target price on American Water Works from $156.00 to $151.00 and set a “neutral” rating on the stock in a report on Tuesday, August 12th. Barclays lowered their price target on American Water Works from $138.00 to $128.00 and set an “underweight” rating on the stock in a research report on Thursday, July 10th. Finally, Wells Fargo & Company lowered their price target on American Water Works from $147.00 to $141.00 and set an “equal weight” rating on the stock in a research report on Friday, August 1st. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, American Water Works currently has a consensus rating of “Reduce” and an average price target of $141.13.

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.