Whittier Trust Co. trimmed its position in shares of American Water Works Company, Inc. (NYSE:AWK – Free Report) by 7.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 42,077 shares of the utilities provider’s stock after selling 3,205 shares during the quarter. Whittier Trust Co.’s holdings in American Water Works were worth $5,853,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of American Water Works during the 2nd quarter worth approximately $28,000. Concord Wealth Partners bought a new stake in shares of American Water Works during the 2nd quarter worth approximately $28,000. Cloud Capital Management LLC bought a new stake in shares of American Water Works during the 1st quarter worth approximately $29,000. WPG Advisers LLC bought a new stake in shares of American Water Works during the 1st quarter worth approximately $29,000. Finally, Flaharty Asset Management LLC bought a new stake in shares of American Water Works during the 1st quarter worth approximately $30,000. 86.58% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on AWK. TD Cowen began coverage on American Water Works in a research note on Thursday, October 16th. They set a “hold” rating and a $155.00 price target for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of American Water Works in a research note on Wednesday, October 8th. Wells Fargo & Company decreased their price target on American Water Works from $147.00 to $141.00 and set an “equal weight” rating for the company in a research note on Friday, August 1st. UBS Group decreased their price target on American Water Works from $156.00 to $151.00 and set a “neutral” rating for the company in a research note on Tuesday, August 12th. Finally, Mizuho lifted their target price on American Water Works from $148.00 to $149.00 and gave the company a “neutral” rating in a research report on Friday, August 1st. One research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $145.75.
American Water Works Trading Down 0.9%
Shares of NYSE AWK opened at $144.14 on Wednesday. The company has a quick ratio of 0.32, a current ratio of 0.35 and a debt-to-equity ratio of 1.15. The business has a fifty day simple moving average of $140.72 and a two-hundred day simple moving average of $141.97. The firm has a market cap of $28.12 billion, a PE ratio of 25.97, a price-to-earnings-growth ratio of 3.49 and a beta of 0.70. American Water Works Company, Inc. has a twelve month low of $118.74 and a twelve month high of $155.50.
American Water Works (NYSE:AWK – Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.05). American Water Works had a net margin of 21.91% and a return on equity of 10.34%. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the business posted $1.42 earnings per share. The company’s revenue was up 11.1% compared to the same quarter last year. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. Analysts expect that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.
American Water Works Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 12th were issued a $0.8275 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 2.3%. American Water Works’s dividend payout ratio (DPR) is currently 59.64%.
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.
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