Vontobel Holding Ltd. Has $60.70 Million Position in American Water Works Company, Inc. $AWK

Vontobel Holding Ltd. reduced its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 4.4% in the second quarter, HoldingsChannel.com reports. The fund owned 436,355 shares of the utilities provider’s stock after selling 20,307 shares during the quarter. Vontobel Holding Ltd.’s holdings in American Water Works were worth $60,701,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD lifted its position in American Water Works by 881.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,704,995 shares of the utilities provider’s stock valued at $546,562,000 after acquiring an additional 3,327,352 shares in the last quarter. Pictet Asset Management Holding SA increased its stake in American Water Works by 24.1% in the 1st quarter. Pictet Asset Management Holding SA now owns 4,532,131 shares of the utilities provider’s stock valued at $668,566,000 after buying an additional 878,951 shares during the last quarter. Groupama Asset Managment increased its stake in American Water Works by 114.3% in the 1st quarter. Groupama Asset Managment now owns 1,505,106 shares of the utilities provider’s stock valued at $2,296,000 after buying an additional 802,639 shares during the last quarter. Nuveen LLC purchased a new stake in American Water Works in the 1st quarter valued at about $103,053,000. Finally, BROOKFIELD Corp ON increased its stake in American Water Works by 2,486.6% in the 1st quarter. BROOKFIELD Corp ON now owns 571,080 shares of the utilities provider’s stock valued at $84,246,000 after buying an additional 549,002 shares during the last quarter. Institutional investors own 86.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on AWK shares. Argus increased their price objective on shares of American Water Works from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, August 14th. Wells Fargo & Company lowered their price target on shares of American Water Works from $147.00 to $141.00 and set an “equal weight” rating on the stock in a report on Friday, August 1st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of American Water Works in a report on Wednesday. Barclays lowered their price target on shares of American Water Works from $138.00 to $128.00 and set an “underweight” rating on the stock in a report on Thursday, July 10th. Finally, Mizuho boosted their target price on shares of American Water Works from $148.00 to $149.00 and gave the company a “neutral” rating in a report on Friday, August 1st. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $143.57.

American Water Works Stock Down 1.0%

AWK opened at $141.09 on Thursday. The company has a fifty day moving average price of $140.91 and a 200-day moving average price of $142.13. The firm has a market capitalization of $27.53 billion, a P/E ratio of 25.42, a price-to-earnings-growth ratio of 3.37 and a beta of 0.70. 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 Company, Inc. has a one year low of $118.74 and a one year high of $155.50.

American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.05). The firm had revenue of $1.28 billion for 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 firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.42 earnings per share. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. Equities research analysts expect that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

American Water Works Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Tuesday, August 12th were given a $0.8275 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $3.31 annualized dividend and a yield of 2.3%. American Water Works’s payout ratio is 59.64%.

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.