American Water Works Company, Inc. $AWK Shares Sold by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. lowered its holdings in American Water Works Company, Inc. (NYSE:AWK) by 57.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,397 shares of the utilities provider’s stock after selling 4,658 shares during the quarter. Confluence Wealth Services Inc.’s holdings in American Water Works were worth $440,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Lido Advisors LLC raised its holdings in shares of American Water Works by 71.2% during the third quarter. Lido Advisors LLC now owns 11,753 shares of the utilities provider’s stock valued at $1,578,000 after acquiring an additional 4,887 shares in the last quarter. New York Life Investment Management LLC lifted its stake in American Water Works by 68.9% in the third quarter. New York Life Investment Management LLC now owns 48,579 shares of the utilities provider’s stock worth $6,290,000 after acquiring an additional 19,810 shares during the period. Welch & Forbes LLC lifted its stake in American Water Works by 11.3% in the third quarter. Welch & Forbes LLC now owns 51,373 shares of the utilities provider’s stock worth $6,953,000 after acquiring an additional 5,196 shares during the period. Alpha Family Trust bought a new stake in American Water Works in the third quarter valued at $179,000. Finally, M&G PLC boosted its holdings in American Water Works by 5.3% in the third quarter. M&G PLC now owns 927,898 shares of the utilities provider’s stock valued at $119,699,000 after acquiring an additional 46,551 shares in the last quarter. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Stock Down 1.4%

AWK stock opened at $147.62 on Friday. American Water Works Company, Inc. has a fifty-two week low of $120.57 and a fifty-two week high of $153.69. The company has a market capitalization of $29.39 billion, a price-to-earnings ratio of 25.54, a price-to-earnings-growth ratio of 3.05 and a beta of 0.56. The business’s 50 day moving average price is $137.61 and its two-hundred day moving average price is $133.23. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.36 and a current ratio of 0.39.

American Water Works (NYSE:AWK) last released its earnings results on Wednesday, October 28th. The utilities provider reported $2.00 EPS for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.04). American Water Works had a net margin of 21.26% and a return on equity of 10.14%. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the business earned $1.94 EPS. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. As a group, analysts forecast that American Water Works Company, Inc. will post 6.09 earnings per share for the current fiscal year.

American Water Works Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Thursday, November 12th will be issued a $0.8950 dividend. The ex-dividend date is Thursday, November 12th. This represents a $3.58 dividend on an annualized basis and a yield of 2.4%. American Water Works’s dividend payout ratio is 62.05%.

Analysts Set New Price Targets

A number of brokerages have issued reports on AWK. Truist Financial set a $139.00 price objective on shares of American Water Works in a research report on Tuesday, August 4th. Mizuho set a $149.00 target price on shares of American Water Works in a research report on Friday, October 30th. Huntington cut shares of American Water Works from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 5th. Bank of America reaffirmed a “neutral” rating on shares of American Water Works in a research note on Thursday, July 16th. Finally, Argus boosted their price target on shares of American Water Works from $155.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $144.12.

Latest American Water Works News

Here’s some of the latest news about AWK:

• Positive Sentiment: Argus turned more bullish: The firm raised its price target from $155 to $165 and reiterated a “buy” rating, implying potential upside from the quoted share price. Argus rating details
• Neutral Sentiment: Infrastructure investment: West Virginia American Water announced $580,000 in water-system upgrades in Oak Hill. The project supports system improvements, though its scale is modest relative to AWK. Oak Hill infrastructure upgrades
• Neutral Sentiment: Other operating news: New Jersey American Water opened its 2027 volunteer fire and EMS grant program, with awards of up to $5,000. Indiana American Water also called for more water and wastewater infrastructure investment. These announcements provide local context but did not disclose a material financial impact. New Jersey grant program

American Water Works Profile

American Water Works Company, Inc. is a U.S. water and wastewater utility that provides services to residential, commercial, industrial, and public-sector customers. Its operations include treating and distributing drinking water, collecting and treating wastewater, and maintaining the infrastructure needed to deliver those services. The company operates regulated water and wastewater utilities across multiple states, serving communities in regions including the Northeast, Midwest, and South. Through contracted operations, it also provides water and wastewater services to certain military installations and municipal customers.