Keybank National Association OH Has $37.14 Million Stock Position in American Water Works Company, Inc. $AWK

Keybank National Association OH cut its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 5.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 266,952 shares of the utilities provider’s stock after selling 15,713 shares during the quarter. Keybank National Association OH’s holdings in American Water Works were worth $37,136,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its holdings in American Water Works by 881.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,704,995 shares of the utilities provider’s stock worth $546,562,000 after purchasing an additional 3,327,352 shares during the last quarter. Pictet Asset Management Holding SA increased its position in American Water Works by 24.1% during the 1st 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 during the period. Groupama Asset Managment lifted its holdings 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 worth $2,296,000 after buying an additional 802,639 shares in the last quarter. Nuveen LLC bought a new stake in shares of American Water Works in the first quarter valued at about $103,053,000. Finally, BROOKFIELD Corp ON grew its stake in shares of American Water Works by 2,486.6% in the first quarter. BROOKFIELD Corp ON now owns 571,080 shares of the utilities provider’s stock valued at $84,246,000 after acquiring an additional 549,002 shares in the last quarter. Institutional investors own 86.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AWK. TD Cowen initiated coverage on shares of American Water Works in a research note on Thursday, October 16th. They issued a “hold” rating and a $155.00 price objective for the company. Argus lifted their price target on shares of American Water Works from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, August 14th. UBS Group reduced their price target on 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. Barclays raised their price objective on American Water Works from $128.00 to $134.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 21st. Finally, Wells Fargo & Company started coverage on American Water Works in a research report on Monday. They set an “equal weight” rating and a $142.00 target price for the company. 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $145.38.

American Water Works Stock Performance

NYSE AWK opened at $130.01 on Thursday. The firm’s 50 day simple moving average is $140.05 and its 200 day simple moving average is $141.84. The firm has a market capitalization of $25.37 billion, a price-to-earnings ratio of 23.43, a P/E/G ratio of 2.95 and a beta of 0.70. The company has a current ratio of 0.35, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. American Water Works Company, Inc. has a 1 year low of $118.74 and a 1 year high of $155.50.

American Water Works (NYSE:AWK) last released its earnings results on Wednesday, October 29th. The utilities provider reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.04. American Water Works had a return on equity of 10.34% and a net margin of 21.91%.The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same period in the prior year, the company earned $1.80 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. FY 2026 guidance at 6.020-6.120 EPS. As a group, research analysts expect that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

American Water Works Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Thursday, November 13th will be given a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Thursday, November 13th. American Water Works’s payout ratio 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.