Montanaro Asset Management Ltd Sells 7,300 Shares of American Water Works Company, Inc. $AWK

Montanaro Asset Management Ltd decreased its stake in American Water Works Company, Inc. (NYSE:AWKFree Report) by 7.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,240 shares of the utilities provider’s stock after selling 7,300 shares during the quarter. American Water Works makes up about 3.3% of Montanaro Asset Management Ltd’s investment portfolio, making the stock its 13th largest position. Montanaro Asset Management Ltd’s holdings in American Water Works were worth $11,776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of AWK. Empowered Funds LLC raised its stake in American Water Works by 11.5% during the first quarter. Empowered Funds LLC now owns 5,912 shares of the utilities provider’s stock worth $872,000 after acquiring an additional 609 shares in the last quarter. Woodline Partners LP boosted its stake in shares of American Water Works by 40.7% in the 1st quarter. Woodline Partners LP now owns 16,466 shares of the utilities provider’s stock valued at $2,429,000 after purchasing an additional 4,762 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of American Water Works in the 2nd quarter valued at $302,000. Cresset Asset Management LLC grew its holdings in shares of American Water Works by 1.5% in the 2nd quarter. Cresset Asset Management LLC now owns 5,865 shares of the utilities provider’s stock worth $816,000 after purchasing an additional 85 shares during the last quarter. Finally, Gamco Investors INC. ET AL grew its holdings in shares of American Water Works by 184.4% in the 2nd quarter. Gamco Investors INC. ET AL now owns 5,492 shares of the utilities provider’s stock worth $764,000 after purchasing an additional 3,561 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors.

American Water Works Stock Up 0.1%

Shares of NYSE AWK opened at $125.25 on Friday. The firm’s 50-day simple moving average is $127.42 and its 200 day simple moving average is $130.51. The company has a market cap of $24.46 billion, a price-to-earnings ratio of 22.21, a price-to-earnings-growth ratio of 2.71 and a beta of 0.62. The company has a quick ratio of 0.34, a current ratio of 0.37 and a debt-to-equity ratio of 1.16. American Water Works Company, Inc. has a 12-month low of $120.57 and a 12-month high of $147.87.

American Water Works (NYSE:AWKGet Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.09). The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.17 billion. American Water Works had a return on equity of 10.20% and a net margin of 21.17%.The firm’s revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.05 EPS. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. On average, research analysts expect that American Water Works Company, Inc. will post 6.09 earnings per share for the current fiscal year.

American Water Works Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 12th were paid a dividend of $0.895 per share. This represents a $3.58 annualized dividend and a dividend yield of 2.9%. This is an increase from American Water Works’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend was Tuesday, May 12th. American Water Works’s payout ratio is currently 63.48%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AWK shares. Barclays lifted their price target on shares of American Water Works from $122.00 to $124.00 and gave the company an “underweight” rating in a report on Monday, April 20th. Wall Street Zen raised shares of American Water Works from a “strong sell” rating to a “sell” rating in a report on Sunday, April 26th. Truist Financial cut their target price on shares of American Water Works from $137.00 to $130.00 and set a “hold” rating for the company in a research note on Friday, May 29th. Wells Fargo & Company set a $131.00 target price on shares of American Water Works in a research note on Tuesday, April 21st. Finally, Bank of America reduced their target price on American Water Works from $147.00 to $134.00 and set a “neutral” rating on the stock in a report on Thursday, May 21st. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, American Water Works currently has an average rating of “Hold” and a consensus target price of $138.11.

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American Water Works Profile

(Free Report)

American Water Works Company, Inc (NYSE: AWK) is a publicly traded utility company that provides water and wastewater services in the United States. Its core business is the operation, management and maintenance of regulated water and wastewater systems that deliver potable water, collect and treat wastewater, and provide related customer services to residential, commercial and industrial customers as well as municipalities. The company’s operations include water treatment and distribution, wastewater collection and treatment, meter reading and billing, emergency repairs, and long-term infrastructure planning and capital project execution.

In addition to its regulated utility operations, American Water offers complementary nonregulated services and solutions that support system reliability and customer needs.

See Also

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Institutional Ownership by Quarter for American Water Works (NYSE:AWK)

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