Atria Wealth Solutions Inc. Has $844,000 Position in American Water Works Company, Inc. $AWK

Atria Wealth Solutions Inc. lowered its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 37.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,066 shares of the utilities provider’s stock after selling 3,572 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in American Water Works were worth $844,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in American Water Works by 0.6% during the first quarter. Vanguard Group Inc. now owns 25,248,263 shares of the utilities provider’s stock worth $3,724,624,000 after buying an additional 141,038 shares in the last quarter. Pictet Asset Management Holding SA grew its position in American Water Works by 24.1% during the first quarter. Pictet Asset Management Holding SA now owns 4,532,131 shares of the utilities provider’s stock worth $668,566,000 after buying an additional 878,951 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in American Water Works by 881.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,704,995 shares of the utilities provider’s stock worth $546,562,000 after buying an additional 3,327,352 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of American Water Works by 3.6% in the 1st quarter. Northern Trust Corp now owns 3,479,406 shares of the utilities provider’s stock valued at $513,282,000 after purchasing an additional 121,680 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of American Water Works by 1.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,270,420 shares of the utilities provider’s stock valued at $323,671,000 after purchasing an additional 24,239 shares in the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on AWK shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of American Water Works in a report on Wednesday, October 8th. Argus raised their target price on American Water Works from $155.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, August 14th. UBS Group reduced their target price on American Water Works from $156.00 to $151.00 and set a “neutral” rating on the stock in a report on Tuesday, August 12th. Barclays reduced their target price on American Water Works from $138.00 to $128.00 and set an “underweight” rating on the stock in a report on Thursday, July 10th. Finally, Wells Fargo & Company dropped their price target on 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. One equities research analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $145.00.

American Water Works Stock Up 0.6%

Shares of AWK opened at $144.02 on Friday. American Water Works Company, Inc. has a 52 week low of $118.74 and a 52 week high of $155.50. The stock has a market capitalization of $28.10 billion, a price-to-earnings ratio of 25.95, a PEG ratio of 3.44 and a beta of 0.70. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.35. The stock has a fifty day moving average of $140.68 and a 200-day moving average of $142.06.

American Water Works (NYSE:AWK) last announced its quarterly earnings results 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 the consensus estimate of $1.22 billion. During the same quarter in the previous year, the company posted $1.42 earnings per share. The firm’s 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. As a group, sell-side analysts anticipate that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

American Water Works Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Tuesday, August 12th were given a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, August 12th. American Water Works’s dividend payout ratio (DPR) is currently 59.64%.

American Water Works Company 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.