BI Asset Management Fondsmaeglerselskab A S Reduces Holdings in American Water Works Company, Inc. $AWK

BI Asset Management Fondsmaeglerselskab A S decreased its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 14.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,487 shares of the utilities provider’s stock after selling 930 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in American Water Works were worth $809,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Cloud Capital Management LLC acquired a new stake in shares of American Water Works during the first quarter worth about $29,000. Capital A Wealth Management LLC acquired a new stake in shares of American Water Works during the fourth quarter worth about $33,000. Wayfinding Financial LLC acquired a new stake in shares of American Water Works during the first quarter worth about $48,000. Millstone Evans Group LLC acquired a new stake in shares of American Water Works during the first quarter worth about $55,000. Finally, Banque Transatlantique SA acquired a new stake in shares of American Water Works during the fourth quarter worth about $46,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Price Performance

Shares of NYSE:AWK opened at $145.9580 on Friday. 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 company has a market cap of $28.48 billion, a P/E ratio of 26.30, a PEG ratio of 3.45 and a beta of 0.65. 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 50-day moving average price of $142.14 and a 200 day moving average price of $141.12.

American Water Works (NYSE:AWK) last announced its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.48 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 firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the business earned $1.42 EPS. American Water Works’s revenue for the quarter was up 11.1% on a year-over-year basis. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. Research analysts predict that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 12th will be issued a $0.8275 dividend. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $3.31 dividend on an annualized basis and a yield of 2.3%. American Water Works’s dividend payout ratio (DPR) is 59.64%.

Insider Transactions at American Water Works

In other American Water Works news, CAO Melissa K. Wikle sold 2,825 shares of the stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $143.28, for a total value of $404,766.00. Following the completion of the transaction, the chief accounting officer directly owned 7,572 shares of the company’s stock, valued at approximately $1,084,916.16. This trade represents a 27.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.11% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of American Water Works from a “hold” rating to a “sell” rating in a research note on Wednesday, May 14th. UBS Group decreased their target price on shares of 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. Barclays decreased their target price on shares of American Water Works from $138.00 to $128.00 and set an “underweight” rating for the company in a research note on Thursday, July 10th. Mizuho increased their target price on shares of American Water Works from $148.00 to $149.00 and gave the stock a “neutral” rating in a research note on Friday, August 1st. Finally, Wells Fargo & Company reduced their price objective on shares of American Water Works from $147.00 to $141.00 and set an “equal weight” rating for the company in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $143.30.

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.