Chevy Chase Trust Holdings LLC Has $14.62 Million Stock Position in American Water Works Company, Inc. $AWK

Chevy Chase Trust Holdings LLC lifted its position in shares of American Water Works Company, Inc. (NYSE:AWKFree Report) by 0.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 105,073 shares of the utilities provider’s stock after purchasing an additional 792 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of American Water Works worth $14,617,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in AWK. Price T Rowe Associates Inc. MD lifted its position in shares of 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 valued at $546,562,000 after purchasing an additional 3,327,352 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in shares of 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 valued at $668,566,000 after purchasing an additional 878,951 shares in the last quarter. Groupama Asset Managment lifted its position in shares of American Water Works by 114.3% during the first quarter. Groupama Asset Managment now owns 1,505,106 shares of the utilities provider’s stock valued at $2,296,000 after purchasing an additional 802,639 shares in the last quarter. Nuveen LLC bought a new position in shares of American Water Works during the first quarter valued at about $103,053,000. Finally, BROOKFIELD Corp ON lifted its position in shares of American Water Works by 2,486.6% during the first quarter. BROOKFIELD Corp ON now owns 571,080 shares of the utilities provider’s stock valued at $84,246,000 after purchasing an additional 549,002 shares in the last quarter. 86.58% of the stock is owned by institutional investors.

American Water Works Trading Up 0.6%

NYSE:AWK opened at $144.02 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. American Water Works Company, Inc. has a 52 week low of $118.74 and a 52 week high of $155.50. The firm has a market capitalization of $28.10 billion, a P/E ratio of 25.95, a P/E/G ratio of 3.45 and a beta of 0.70. The company has a fifty day moving average of $140.68 and a 200 day moving average of $142.03.

American Water Works (NYSE:AWKGet Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.48 EPS for the quarter, missing the consensus estimate 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 quarter last year, the company posted $1.42 earnings per share. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. On average, 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 disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 12th were issued a $0.8275 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $3.31 annualized dividend and a yield of 2.3%. American Water Works’s dividend payout ratio is 59.64%.

Analyst Upgrades and Downgrades

Several analysts have commented on AWK shares. Argus lifted their price objective on shares of 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 started coverage on shares of American Water Works in a research report on Wednesday. They issued a “hold” rating on the stock. UBS Group lowered their price objective on shares of American Water Works from $156.00 to $151.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 12th. TD Cowen initiated coverage on shares of American Water Works in a research report on Thursday. They issued a “hold” rating and a $155.00 price target on the stock. Finally, Barclays lowered their price target on shares of American Water Works from $138.00 to $128.00 and set an “underweight” rating on the stock in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, American Water Works presently has an average rating of “Hold” and an average target price of $145.00.

View Our Latest Research Report on American Water Works

American Water Works Profile

(Free Report)

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.

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Institutional Ownership by Quarter for American Water Works (NYSE:AWK)

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