BROOKFIELD Corp ON Sells 113,508 Shares of American Water Works Company, Inc. $AWK

BROOKFIELD Corp ON reduced its stake in American Water Works Company, Inc. (NYSE:AWK) by 83.6% in the first quarter, HoldingsChannel reports. The institutional investor owned 22,198 shares of the utilities provider’s stock after selling 113,508 shares during the quarter. BROOKFIELD Corp ON’s holdings in American Water Works were worth $3,021,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Empowered Funds LLC lifted its position in shares of American Water Works by 11.5% during the first quarter. Empowered Funds LLC now owns 5,912 shares of the utilities provider’s stock valued at $872,000 after purchasing an additional 609 shares in the last quarter. Woodline Partners LP grew its position in American Water Works by 40.7% in the 1st quarter. Woodline Partners LP now owns 16,466 shares of the utilities provider’s stock worth $2,429,000 after purchasing an additional 4,762 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in American Water Works in the 2nd quarter worth about $302,000. Cresset Asset Management LLC increased its stake in American Water Works by 1.5% in the 2nd quarter. Cresset Asset Management LLC now owns 5,865 shares of the utilities provider’s stock valued at $816,000 after buying an additional 85 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its position in shares of American Water Works by 184.4% during the 2nd quarter. Gamco Investors INC. ET AL now owns 5,492 shares of the utilities provider’s stock worth $764,000 after buying an additional 3,561 shares in the last quarter. 86.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AWK. Wells Fargo & Company set a $131.00 target price on American Water Works in a report on Tuesday, April 21st. Wall Street Zen lowered American Water Works from a “sell” rating to a “strong sell” rating in a report on Sunday. UBS Group boosted their price objective on American Water Works from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. JPMorgan Chase & Co. upped their price objective on American Water Works from $138.00 to $147.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Finally, Barclays increased their price target on shares of American Water Works from $124.00 to $130.00 and gave the company an “underweight” rating in a research report on Wednesday, July 15th. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $140.60.

American Water Works Stock Performance

NYSE:AWK opened at $134.80 on Monday. The company has a market capitalization of $26.32 billion, a P/E ratio of 23.90, a P/E/G ratio of 2.72 and a beta of 0.61. The business has a fifty day simple moving average of $128.31 and a two-hundred day simple moving average of $130.77. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.37 and a quick ratio of 0.34. American Water Works Company, Inc. has a 1 year low of $120.57 and a 1 year high of $147.87.

American Water Works (NYSE:AWK) last issued its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.09). American Water Works had a net margin of 21.17% and a return on equity of 10.20%. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the company earned $1.05 EPS. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. On average, analysts expect that American Water Works Company, Inc. will post 6.09 earnings per share for the current year.

American Water Works Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 12th were paid a $0.895 dividend. The ex-dividend date was Tuesday, May 12th. This is a positive change from American Water Works’s previous quarterly dividend of $0.83. This represents a $3.58 annualized dividend and a dividend yield of 2.7%. American Water Works’s dividend payout ratio is 63.48%.

American Water Works Company Profile

American Water Works Company, Inc (NYSE: AWK) is a publicly traded utility company that provides water and wastewater services in the United States. Its core business is the operation, management and maintenance of regulated water and wastewater systems that deliver potable water, collect and treat wastewater, and provide related customer services to residential, commercial and industrial customers as well as municipalities. The company’s operations include water treatment and distribution, wastewater collection and treatment, meter reading and billing, emergency repairs, and long-term infrastructure planning and capital project execution.

In addition to its regulated utility operations, American Water offers complementary nonregulated services and solutions that support system reliability and customer needs.