American Water Works Company, Inc. $AWK Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 4.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,154,940 shares of the utilities provider’s stock after selling 51,626 shares during the quarter. Bank of New York Mellon Corp owned about 0.59% of American Water Works worth $160,664,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in AWK. Price T Rowe Associates Inc. MD boosted its holdings 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 worth $546,562,000 after purchasing an additional 3,327,352 shares during the last quarter. Pictet Asset Management Holding SA boosted its holdings in American Water Works by 24.1% in 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 acquiring an additional 878,951 shares during the last quarter. Groupama Asset Managment boosted its holdings in American Water Works by 114.3% in the first quarter. Groupama Asset Managment now owns 1,505,106 shares of the utilities provider’s stock valued at $2,296,000 after acquiring an additional 802,639 shares during the last quarter. Nuveen LLC acquired a new position in American Water Works in the first quarter valued at $103,053,000. Finally, BROOKFIELD Corp ON boosted its holdings in 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 during the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. 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. Mizuho set a $145.00 target price on American Water Works in a report on Tuesday, October 28th. Cowen assumed coverage on American Water Works in a report on Wednesday, October 15th. They issued a “hold” rating on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of American Water Works in a report on Wednesday, October 8th. Finally, Jefferies Financial Group upgraded American Water Works from an “underperform” rating to a “hold” rating and lifted their target price for the company from $114.00 to $124.00 in a report on Wednesday. One investment analyst has rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, American Water Works has a consensus rating of “Hold” and an average target price of $143.00.

American Water Works Trading Up 2.4%

NYSE:AWK opened at $131.16 on Thursday. The business’s 50-day moving average is $138.36 and its two-hundred day moving average is $141.15. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.35 and a quick ratio of 0.32. American Water Works Company, Inc. has a 12 month low of $118.74 and a 12 month high of $155.50. The firm has a market capitalization of $25.59 billion, a PE ratio of 23.05, a price-to-earnings-growth ratio of 2.84 and a beta of 0.70.

American Water Works (NYSE:AWK) last announced its earnings results on Wednesday, October 29th. The utilities provider reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.04. American Water Works had a return on equity of 10.57% and a net margin of 21.93%.The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the previous year, the company earned $1.80 earnings per share. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. FY 2026 guidance at 6.020-6.120 EPS. Research analysts predict that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

American Water Works Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Thursday, November 13th will be given a dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Thursday, November 13th. American Water Works’s payout ratio is presently 58.17%.

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.