Mirabaud & Cie SA Sells 4,500 Shares of American Water Works Company, Inc. $AWK

Mirabaud & Cie SA reduced its stake in American Water Works Company, Inc. (NYSE:AWKFree Report) by 44.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,590 shares of the utilities provider’s stock after selling 4,500 shares during the period. Mirabaud & Cie SA’s holdings in American Water Works were worth $736,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Salomon & Ludwin LLC lifted its stake in American Water Works by 71.7% in the fourth quarter. Salomon & Ludwin LLC now owns 194 shares of the utilities provider’s stock valued at $25,000 after buying an additional 81 shares during the period. Reflection Asset Management acquired a new position in shares of American Water Works during the 4th quarter worth about $25,000. Transamerica Financial Advisors LLC increased its stake in shares of American Water Works by 82.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 199 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 90 shares during the last quarter. Nemes Rush Group LLC acquired a new stake in shares of American Water Works in the 4th quarter valued at approximately $27,000. Finally, Ascentis Independent Advisors acquired a new stake in shares of American Water Works in the 1st quarter valued at approximately $27,000. 86.58% of the stock is owned by institutional investors and hedge funds.

American Water Works Trading Up 0.4%

Shares of NYSE:AWK opened at $134.65 on Friday. American Water Works Company, Inc. has a 12 month low of $120.57 and a 12 month high of $147.87. The company has a quick ratio of 0.49, a current ratio of 0.52 and a debt-to-equity ratio of 1.20. The company’s fifty day simple moving average is $130.31 and its 200 day simple moving average is $131.07. The firm has a market cap of $26.76 billion, a price-to-earnings ratio of 23.34, a PEG ratio of 2.71 and a beta of 0.60.

American Water Works (NYSE:AWKGet Free Report) last announced its earnings results on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. American Water Works had a net margin of 21.35% and a return on equity of 10.20%. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period in the prior year, the business earned $1.48 EPS. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. As a group, research analysts forecast that American Water Works Company, Inc. will post 6.09 EPS for the current fiscal year.

American Water Works Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be given a $0.895 dividend. This represents a $3.58 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, August 11th. American Water Works’s dividend payout ratio (DPR) is currently 62.05%.

Analyst Ratings Changes

A number of brokerages recently issued reports on AWK. Mizuho boosted their price objective on shares of American Water Works from $130.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Bank of America reissued a “neutral” rating on shares of American Water Works in a research report on Thursday, July 16th. Wall Street Zen raised shares of American Water Works from a “strong sell” rating to a “sell” rating in a report on Monday. Truist Financial set a $139.00 price objective on shares of American Water Works in a research report on Tuesday. Finally, JPMorgan Chase & Co. raised their price objective on American Water Works from $138.00 to $147.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $140.90.

View Our Latest Research Report on AWK

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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