DekaBank Deutsche Girozentrale Cuts Stock Position in American Water Works Company, Inc. $AWK

DekaBank Deutsche Girozentrale decreased its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 3.7% in the second quarter, HoldingsChannel reports. The fund owned 324,866 shares of the utilities provider’s stock after selling 12,440 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in American Water Works were worth $44,981,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of AWK. GAMMA Investing LLC increased its position in American Water Works by 39.9% during the 1st quarter. GAMMA Investing LLC now owns 4,171 shares of the utilities provider’s stock valued at $615,000 after buying an additional 1,189 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of American Water Works in the 1st quarter valued at $837,000. Cambridge Investment Research Advisors Inc. raised its position in shares of American Water Works by 4.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 40,625 shares of the utilities provider’s stock worth $5,993,000 after acquiring an additional 1,588 shares during the period. XML Financial LLC acquired a new position in American Water Works in the 1st quarter worth about $255,000. Finally, Oppenheimer & Co. Inc. lifted its position in shares of American Water Works by 21.5% during the 1st quarter. Oppenheimer & Co. Inc. now owns 7,692 shares of the utilities provider’s stock valued at $1,135,000 after buying an additional 1,359 shares in the last quarter. 86.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Argus upped their price target 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 began coverage on shares of American Water Works in a research report on Wednesday, October 15th. They issued a “hold” rating for the company. Barclays raised their price target on shares of American Water Works from $128.00 to $134.00 and gave the stock an “underweight” rating in a research note on Tuesday. TD Cowen assumed coverage on shares of American Water Works in a report on Thursday, October 16th. They issued a “hold” rating and a $155.00 price objective for the company. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of American Water Works in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $145.75.

American Water Works Price Performance

Shares of AWK stock opened at $144.14 on Wednesday. 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 company has a market capitalization of $28.12 billion, a PE ratio of 25.97, a price-to-earnings-growth ratio of 3.49 and a beta of 0.70. The firm’s 50-day moving average is $140.72 and its two-hundred day moving average is $141.97. American Water Works Company, Inc. has a 12 month low of $118.74 and a 12 month high of $155.50.

American Water Works (NYSE:AWK) last announced 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 firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.22 billion. American Water Works had a return on equity of 10.34% and a net margin of 21.91%.The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.42 EPS. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. Analysts predict that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Announces Dividend

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

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.