American Water Works Company, Inc. $AWK Shares Sold by Ameriprise Financial Inc.

Key Points

• Ameriprise Financial Inc. reduced its holdings in American Water Works by 1.2%, owning 1,935,695 shares valued at approximately $287 million as of the latest SEC filing.
• American Water Works reported earnings of $1.48 per share, falling short of analysts' expectations, while their quarterly revenue increased by 11.1% year-over-year.
• The company has announced a quarterly dividend of $0.8275, reflecting a dividend yield of 2.3% and a payout ratio of 59.64%.

Ameriprise Financial Inc. reduced its stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 1.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,935,695 shares of the utilities provider's stock after selling 24,375 shares during the period. Ameriprise Financial Inc. owned approximately 0.99% of American Water Works worth $287,230,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Price T Rowe Associates Inc. MD increased its holdings in American Water Works by 881.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,704,995 shares of the utilities provider's stock valued at $546,562,000 after purchasing an additional 3,327,352 shares during the period. Pictet Asset Management Holding SA lifted its position in 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 in the last quarter. Groupama Asset Managment lifted its position in American Water Works by 114.3% in the 1st quarter. Groupama Asset Managment now owns 1,505,106 shares of the utilities provider's stock valued at $2,296,000 after acquiring an additional 802,639 shares in the last quarter. Bank of America Corp DE lifted its position in 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 in the last quarter. Finally, Nuveen LLC bought a new position in American Water Works in the 1st quarter valued at about $103,053,000. 86.58% of the stock is currently owned by institutional investors.

Insider Transactions at American Water Works

In other American Water Works news, CAO Melissa K. Wikle sold 2,825 shares of American Water Works stock in a transaction on Friday, May 30th. The shares were sold at an average price of $143.28, for a total transaction of $404,766.00. Following the sale, the chief accounting officer owned 7,572 shares of the company's stock, valued at $1,084,916.16. The trade was a 27.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.11% of the stock is currently owned by company insiders.

American Water Works Price Performance

NYSE AWK traded down $1.29 on Thursday, hitting $143.46. The company had a trading volume of 237,311 shares, compared to its average volume of 1,415,582. The company has a market capitalization of $27.99 billion, a PE ratio of 25.83, a PEG ratio of 3.41 and a beta of 0.65. The company's fifty day moving average price is $142.36 and its 200-day moving average price is $141.56. 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 12-month low of $118.74 and a 12-month high of $155.50.

American Water Works (NYSE:AWK - Get Free Report) last issued 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). The company had revenue of $1.28 billion during the quarter, compared to analysts' expectations 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 period in the previous year, the firm posted $1.42 EPS. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. As a group, analysts predict that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages recently weighed in on AWK. Argus raised their price target on shares of American Water Works from $155.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday, August 14th. Evercore ISI increased their price objective on shares of American Water Works from $139.00 to $148.00 and gave the company an "in-line" rating in a research note on Friday, May 2nd. Mizuho increased their price objective 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. UBS Group decreased their price objective 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. Finally, Wells Fargo & Company decreased their price objective on shares of 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. 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. According to MarketBeat, American Water Works currently has a consensus rating of "Reduce" and a consensus target price of $143.30.

American Water Works Company 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.