American Water Works Company, Inc. $AWK Shares Sold by 17 Capital Partners LLC

Key Points

• 17 Capital Partners LLC has reduced its holdings in American Water Works by 44.5%, now owning 4,914 shares valued at around $725,000.
• In addition to this, several other investors have altered their positions, with 86.58% of the stock being owned by hedge funds and institutional investors.
• American Water Works reported a quarterly earnings miss of $1.48 per share, below the consensus estimate of $1.53, despite revenues increasing by 11.1% compared to the same quarter last year.

17 Capital Partners LLC cut its position in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 44.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,914 shares of the utilities provider's stock after selling 3,938 shares during the period. 17 Capital Partners LLC's holdings in American Water Works were worth $725,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of American Water Works by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 25,248,263 shares of the utilities provider's stock valued at $3,724,624,000 after acquiring an additional 141,038 shares during the period. Pictet Asset Management Holding SA raised its stake in shares of American Water Works by 24.1% in the 1st 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 period. Northern Trust Corp raised its stake in shares of American Water Works by 11.1% in the 4th quarter. Northern Trust Corp now owns 3,357,726 shares of the utilities provider's stock valued at $418,003,000 after acquiring an additional 335,683 shares during the period. Bank of America Corp DE raised its stake in shares of American Water Works by 38.4% in the 4th quarter. Bank of America Corp DE now owns 2,695,734 shares of the utilities provider's stock valued at $335,592,000 after acquiring an additional 747,316 shares during the period. Finally, Royal Bank of Canada raised its stake in shares of American Water Works by 0.8% in the 4th quarter. Royal Bank of Canada now owns 2,109,409 shares of the utilities provider's stock valued at $262,601,000 after acquiring an additional 17,673 shares during the period. 86.58% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CAO Melissa K. Wikle sold 2,825 shares of the company's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $143.28, for a total value of $404,766.00. Following the completion of the transaction, the chief accounting officer owned 7,572 shares in the company, valued at approximately $1,084,916.16. This represents a 27.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.11% of the company's stock.

American Water Works Stock Up 1.8%

NYSE AWK traded up $2.5110 on Tuesday, hitting $145.1710. 1,562,505 shares of the stock were exchanged, compared to its average volume of 1,631,055. The company has a quick ratio of 0.32, a current ratio of 0.35 and a debt-to-equity ratio of 1.15. American Water Works Company, Inc. has a fifty-two week low of $118.74 and a fifty-two week high of $155.50. The company has a market cap of $28.32 billion, a PE ratio of 26.16, a PEG ratio of 3.38 and a beta of 0.65. The company has a 50-day moving average price of $141.85 and a 200-day moving average price of $140.80.

American Water Works (NYSE:AWK - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.48 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.05). American Water Works had a return on equity of 10.34% and a net margin of 21.91%.The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the firm earned $1.42 EPS. The company's revenue was up 11.1% on a year-over-year basis. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. Sell-side analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 12th will be issued a $0.8275 dividend. The ex-dividend date is Tuesday, August 12th. This represents a $3.31 annualized dividend and a dividend yield of 2.3%. American Water Works's dividend payout ratio is presently 59.64%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of American Water Works from a "hold" rating to a "sell" rating in a research note on Wednesday, May 14th. Mizuho boosted their price target on shares of American Water Works from $148.00 to $149.00 and gave the company a "neutral" rating in a research note on Friday, August 1st. Wells Fargo & Company cut their target price on shares of American Water Works from $147.00 to $141.00 and set an "equal weight" rating on the stock in a research note on Friday, August 1st. UBS Group cut their target price on shares of American Water Works from $156.00 to $151.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 12th. Finally, Barclays cut their target price on shares of American Water Works from $138.00 to $128.00 and set an "underweight" rating on the stock in a research note on Thursday, July 10th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Reduce" and a consensus target price of $143.30.

About American Water Works

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.