Atria Wealth Solutions Inc. Sells 3,572 Shares of American Water Works Company, Inc. $AWK

Atria Wealth Solutions Inc. cut its holdings in American Water Works Company, Inc. (NYSE:AWK) by 37.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 6,066 shares of the utilities provider’s stock after selling 3,572 shares during the period. Atria Wealth Solutions Inc.’s holdings in American Water Works were worth $844,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Sumitomo Life Insurance Co. raised its position in shares of American Water Works by 1.5% in the 1st quarter. Sumitomo Life Insurance Co. now owns 4,679 shares of the utilities provider’s stock worth $690,000 after acquiring an additional 70 shares in the last quarter. Sargent Investment Group LLC raised its position in shares of American Water Works by 2.6% in the 1st quarter. Sargent Investment Group LLC now owns 2,795 shares of the utilities provider’s stock worth $412,000 after acquiring an additional 70 shares in the last quarter. Private Trust Co. NA raised its position in shares of American Water Works by 4.8% in the 1st quarter. Private Trust Co. NA now owns 1,607 shares of the utilities provider’s stock worth $237,000 after acquiring an additional 74 shares in the last quarter. Foundations Investment Advisors LLC raised its position in shares of American Water Works by 5.0% in the 1st quarter. Foundations Investment Advisors LLC now owns 1,726 shares of the utilities provider’s stock worth $255,000 after acquiring an additional 82 shares in the last quarter. Finally, Principal Securities Inc. raised its position in shares of American Water Works by 1.4% in the 1st quarter. Principal Securities Inc. now owns 6,157 shares of the utilities provider’s stock worth $908,000 after acquiring an additional 85 shares in the last quarter. 86.58% of the stock is owned by institutional investors.

American Water Works Stock Performance

Shares of AWK opened at $144.02 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.35 and a quick ratio of 0.32. The stock has a 50-day moving average of $140.68 and a 200-day moving average of $142.06. The company has a market cap of $28.10 billion, a PE ratio of 25.95, a P/E/G ratio of 3.44 and a beta of 0.70. 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.05). The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.22 billion. American Water Works had a net margin of 21.91% and a return on equity of 10.34%. American Water Works’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.42 EPS. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. On average, equities research analysts predict that American Water Works Company, Inc. will post 5.71 EPS 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. Stockholders of record on Tuesday, August 12th were issued a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Tuesday, August 12th. American Water Works’s dividend payout ratio (DPR) is currently 59.64%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AWK shares. Weiss Ratings reissued a “hold (c+)” rating on shares of American Water Works in a research report on Wednesday, October 8th. Argus lifted their price objective on American Water Works from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, August 14th. Cowen initiated coverage on American Water Works in a research note on Wednesday. They issued a “hold” rating for the company. UBS Group reduced their target price 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 raised their target price on American Water Works from $148.00 to $149.00 and gave the company a “neutral” rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $145.00.

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.