Ieq Capital LLC Sells 2,537 Shares of American Water Works Company, Inc. $AWK

Ieq Capital LLC trimmed its position in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 63.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,457 shares of the utilities provider's stock after selling 2,537 shares during the period. Ieq Capital LLC's holdings in American Water Works were worth $215,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Gamco Investors INC. ET AL acquired a new stake in shares of American Water Works during the 1st quarter valued at about $285,000. Ally Financial Inc. lifted its holdings in shares of American Water Works by 62.5% during the 1st quarter. Ally Financial Inc. now owns 13,000 shares of the utilities provider's stock worth $1,918,000 after acquiring an additional 5,000 shares during the period. Mirova lifted its holdings in shares of American Water Works by 3.4% during the 1st quarter. Mirova now owns 79,778 shares of the utilities provider's stock worth $11,769,000 after acquiring an additional 2,638 shares during the period. Synovus Financial Corp acquired a new stake in shares of American Water Works during the 1st quarter worth about $218,000. Finally, ICONIQ Capital LLC bought a new stake in American Water Works during the 1st quarter worth about $255,000. Institutional investors own 86.58% of the company's stock.

American Water Works Price Performance

AWK stock traded up $0.05 during midday trading on Tuesday, reaching $140.07. The company had a trading volume of 725,484 shares, compared to its average volume of 1,062,878. 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 1 year low of $118.74 and a 1 year high of $155.50. The company has a market capitalization of $27.33 billion, a P/E ratio of 25.24, a P/E/G ratio of 3.31 and a beta of 0.69. The firm has a 50-day moving average price of $142.62 and a 200-day moving average price of $142.62.

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

American Water Works Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Tuesday, August 12th were paid a dividend of $0.8275 per share. The ex-dividend date was Tuesday, August 12th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 2.4%. American Water Works's payout ratio is 59.64%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on AWK shares. Barclays reduced 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. UBS Group decreased their price target on shares of American Water Works from $156.00 to $151.00 and set a "neutral" rating for the company in a research note on Tuesday, August 12th. Wells Fargo & Company reduced their price target on American Water Works from $147.00 to $141.00 and set an "equal weight" rating for the company in a research note on Friday, August 1st. Wall Street Zen cut American Water Works from a "hold" rating to a "sell" rating in a research report on Wednesday, May 14th. Finally, Argus boosted their price objective on American Water Works from $155.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Reduce" and a consensus price target of $143.30.

American Water Works 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.