Mirabaud & Cie SA Sells 4,500 Shares of American Water Works Company, Inc. $AWK

Mirabaud & Cie SA decreased its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 44.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,590 shares of the utilities provider’s stock after selling 4,500 shares during the period. Mirabaud & Cie SA’s holdings in American Water Works were worth $736,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Cbre Investment Management Listed Real Assets LLC boosted its stake in shares of American Water Works by 82.7% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 21,430 shares of the utilities provider’s stock valued at $2,797,000 after purchasing an additional 9,698 shares in the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of American Water Works during the 1st quarter worth about $1,347,000. KBC Group NV increased its position in shares of American Water Works by 84.0% during the 4th quarter. KBC Group NV now owns 553,066 shares of the utilities provider’s stock worth $72,175,000 after purchasing an additional 252,459 shares in the last quarter. Generali Asset Management SPA SGR lifted its holdings in American Water Works by 73.8% during the 4th quarter. Generali Asset Management SPA SGR now owns 25,338 shares of the utilities provider’s stock valued at $3,307,000 after purchasing an additional 10,760 shares during the last quarter. Finally, Erste Asset Management GmbH boosted its position in American Water Works by 25.9% in the fourth quarter. Erste Asset Management GmbH now owns 69,893 shares of the utilities provider’s stock valued at $9,142,000 after buying an additional 14,363 shares in the last quarter. 86.58% of the stock is owned by institutional investors and hedge funds.

American Water Works Stock Up 0.4%

Shares of AWK opened at $134.65 on Friday. The firm has a market capitalization of $26.76 billion, a price-to-earnings ratio of 23.34, a PEG ratio of 2.71 and a beta of 0.60. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.49 and a current ratio of 0.52. The business’s fifty day moving average price is $130.31 and its two-hundred day moving average price is $131.07. American Water Works Company, Inc. has a 52 week low of $120.57 and a 52 week high of $147.87.

American Water Works (NYSE:AWK) last released its earnings results on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. American Water Works had a return on equity of 10.20% and a net margin of 21.35%.The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the previous year, the company posted $1.48 earnings per share. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. On average, analysts predict that American Water Works Company, Inc. will post 6.09 earnings per share for the current year.

American Water Works Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th will be issued a dividend of $0.895 per share. This represents a $3.58 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, August 11th. American Water Works’s payout ratio is currently 62.05%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Truist Financial set a $139.00 price objective on shares of American Water Works in a research note on Tuesday. Wall Street Zen raised American Water Works from a “strong sell” rating to a “sell” rating in a report on Monday. Wells Fargo & Company set a $131.00 price objective on American Water Works in a research note on Tuesday, April 21st. Bank of America restated a “neutral” rating on shares of American Water Works in a report on Thursday, July 16th. Finally, Barclays lifted their price target on American Water Works from $124.00 to $130.00 and gave the company an “underweight” rating in a report on Wednesday, July 15th. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $140.90.

American Water Works 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.