IFM Investors Pty Ltd Sells 17,383 Shares of American Water Works Company, Inc. $AWK

IFM Investors Pty Ltd decreased its position in American Water Works Company, Inc. (NYSE:AWK) by 21.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 62,389 shares of the utilities provider’s stock after selling 17,383 shares during the quarter. IFM Investors Pty Ltd’s holdings in American Water Works were worth $9,204,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AWK. Captrust Financial Advisors lifted its position in American Water Works by 6.4% in the 4th quarter. Captrust Financial Advisors now owns 7,317 shares of the utilities provider’s stock worth $911,000 after buying an additional 437 shares during the last quarter. Ethic Inc. grew its position in American Water Works by 47.4% during the 4th quarter. Ethic Inc. now owns 8,591 shares of the utilities provider’s stock worth $1,070,000 after acquiring an additional 2,763 shares during the last quarter. Focus Partners Wealth grew its position in American Water Works by 1.5% during the 4th quarter. Focus Partners Wealth now owns 27,547 shares of the utilities provider’s stock worth $3,494,000 after acquiring an additional 414 shares during the last quarter. Gotham Asset Management LLC grew its position in American Water Works by 24.5% during the 4th quarter. Gotham Asset Management LLC now owns 5,950 shares of the utilities provider’s stock worth $741,000 after acquiring an additional 1,171 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in American Water Works by 617.8% during the 4th quarter. Janus Henderson Group PLC now owns 164,420 shares of the utilities provider’s stock worth $20,470,000 after acquiring an additional 141,513 shares during the last quarter. Institutional investors own 86.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AWK shares. Mizuho raised their price target on American Water Works from $148.00 to $149.00 and gave the stock a “neutral” rating in a research report on Friday, August 1st. Barclays lowered their price objective 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. 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. Wells Fargo & Company lowered 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 note on Friday, August 1st. Finally, UBS Group dropped their price objective on American Water Works from $156.00 to $151.00 and set a “neutral” rating for the company in a report on Tuesday, August 12th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, American Water Works has an average rating of “Reduce” and an average target price of $143.30.

American Water Works Price Performance

Shares of AWK stock opened at $138.53 on Thursday. The firm has a market cap of $27.03 billion, a P/E ratio of 24.96, a P/E/G ratio of 3.32 and a beta of 0.69. American Water Works Company, Inc. has a fifty-two week low of $118.74 and a fifty-two week high of $155.50. The business’s 50 day moving average price is $142.53 and its 200-day moving average price is $142.57. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.35.

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). American Water Works had a return on equity of 10.34% and a net margin of 21.91%.The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the previous year, the company earned $1.42 earnings per share. American Water Works’s quarterly revenue 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. On average, equities research analysts anticipate 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 declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Tuesday, August 12th were paid a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, August 12th. American Water Works’s dividend payout ratio is presently 59.64%.

American Water Works Profile

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.