Manchester Capital Management LLC Has $1.34 Million Stock Position in American Water Works Company, Inc. $AWK

Manchester Capital Management LLC boosted its stake in American Water Works Company, Inc. (NYSE:AWK) by 4.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,611 shares of the utilities provider’s stock after purchasing an additional 400 shares during the quarter. Manchester Capital Management LLC’s holdings in American Water Works were worth $1,337,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of American Water Works by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 25,629,133 shares of the utilities provider’s stock valued at $3,565,269,000 after acquiring an additional 380,870 shares during the period. Geode Capital Management LLC increased its stake in American Water Works by 2.1% in the second quarter. Geode Capital Management LLC now owns 4,949,996 shares of the utilities provider’s stock valued at $685,662,000 after purchasing an additional 103,595 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in American Water Works by 881.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,704,995 shares of the utilities provider’s stock worth $546,562,000 after purchasing an additional 3,327,352 shares during the period. Northern Trust Corp boosted its position in shares of American Water Works by 3.6% during the first quarter. Northern Trust Corp now owns 3,479,406 shares of the utilities provider’s stock worth $513,282,000 after purchasing an additional 121,680 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of American Water Works by 0.8% in the 2nd quarter. Legal & General Group Plc now owns 3,356,636 shares of the utilities provider’s stock valued at $466,942,000 after buying an additional 27,177 shares during the period. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Stock Down 1.0%

Shares of American Water Works stock opened at $131.41 on Tuesday. American Water Works Company, Inc. has a 52-week low of $118.74 and a 52-week high of $155.50. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.35. The business’s 50 day simple moving average is $135.60 and its 200 day simple moving average is $139.60. The firm has a market cap of $25.64 billion, a PE ratio of 23.09, a P/E/G ratio of 2.84 and a beta of 0.72.

American Water Works (NYSE:AWK) last issued its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.04. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.36 billion. American Water Works had a net margin of 21.93% and a return on equity of 10.57%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the business earned $1.80 EPS. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. FY 2026 guidance at 6.020-6.120 EPS. On average, analysts predict 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 will be paid on Tuesday, December 2nd. Investors of record on Thursday, November 13th will be issued a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a yield of 2.5%. The ex-dividend date is Thursday, November 13th. American Water Works’s dividend payout ratio is presently 58.17%.

Wall Street Analyst Weigh In

Several analysts recently commented on AWK shares. Barclays raised their price objective on American Water Works from $128.00 to $134.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 21st. Jefferies Financial Group upgraded American Water Works from an “underperform” rating to a “hold” rating and lifted their price objective for the company from $114.00 to $124.00 in a report on Wednesday, November 5th. TD Cowen initiated coverage on American Water Works in a research note on Thursday, October 16th. They set a “hold” rating and a $155.00 target price for the company. Mizuho set a $145.00 target price on shares of American Water Works in a report on Tuesday, October 28th. Finally, Cowen assumed coverage on shares of American Water Works in a research note on Wednesday, October 15th. They issued a “hold” rating on the stock. One research analyst has rated the stock with a Buy rating, nine 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 an average rating of “Hold” and an average price target of $143.00.

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.