APG Asset Management N.V. Sells 21,703 Shares of American Water Works Company, Inc. $AWK

Key Points

• APG Asset Management N.V. has reduced its stake in American Water Works by 15.2%, selling 21,703 shares, leaving it with 121,104 shares valued at approximately $16.5 million.
• American Water Works reported $1.48 earnings per share, missing estimates of $1.53, while its revenue was $1.28 billion, surpassing expectations of $1.22 billion.
• The company announced a quarterly dividend of $0.8275 per share, representing a yield of 2.3%, with an anticipated annual payout of $3.31.

APG Asset Management N.V. lowered its position in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 15.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 121,104 shares of the utilities provider's stock after selling 21,703 shares during the quarter. APG Asset Management N.V. owned about 0.06% of American Water Works worth $16,539,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC boosted its position in American Water Works by 20.3% during the first quarter. Smartleaf Asset Management LLC now owns 1,341 shares of the utilities provider's stock valued at $196,000 after acquiring an additional 226 shares during the last quarter. Haverford Trust Co boosted its position in shares of American Water Works by 28.8% during the 1st quarter. Haverford Trust Co now owns 4,649 shares of the utilities provider's stock worth $686,000 after purchasing an additional 1,039 shares in the last quarter. Van Hulzen Asset Management LLC boosted its position in shares of American Water Works by 15.2% during the 1st quarter. Van Hulzen Asset Management LLC now owns 16,478 shares of the utilities provider's stock worth $2,431,000 after purchasing an additional 2,175 shares in the last quarter. Gitterman Wealth Management LLC boosted its position in shares of American Water Works by 4.1% during the 1st quarter. Gitterman Wealth Management LLC now owns 3,953 shares of the utilities provider's stock worth $583,000 after purchasing an additional 156 shares in the last quarter. Finally, Norinchukin Bank The boosted its position in shares of American Water Works by 18.3% during the 1st quarter. Norinchukin Bank The now owns 12,400 shares of the utilities provider's stock worth $1,829,000 after purchasing an additional 1,918 shares in the last quarter. Institutional investors own 86.58% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AWK. Evercore ISI increased their price objective on shares of American Water Works from $139.00 to $148.00 and gave the stock an "in-line" rating in a research report on Friday, May 2nd. Barclays cut their price objective on shares of American Water Works from $138.00 to $128.00 and set an "underweight" rating on the stock in a research report on Thursday, July 10th. Wall Street Zen cut shares of American Water Works from a "hold" rating to a "sell" rating in a research report on Wednesday, May 14th. Argus upped their target price on shares of American Water Works from $155.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. Finally, Mizuho upped their target price on shares of American Water Works from $148.00 to $149.00 and gave the stock a "neutral" rating in a report on Friday, August 1st. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus target price of $143.30.

American Water Works Stock Up 0.2%

NYSE:AWK traded up $0.32 on Friday, hitting $143.25. The stock had a trading volume of 430,763 shares, compared to its average volume of 1,413,833. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.35. The stock has a market cap of $27.95 billion, a P/E ratio of 25.83, a price-to-earnings-growth ratio of 3.43 and a beta of 0.65. American Water Works Company, Inc. has a 1 year low of $118.74 and a 1 year high of $155.50. The firm's fifty day simple moving average is $142.40 and its two-hundred day simple moving average is $141.69.

American Water Works (NYSE:AWK - Get Free Report) last issued 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). American Water Works had a return on equity of 10.34% and a net margin of 21.91%.The company had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.22 billion. During the same quarter in the previous year, the business earned $1.42 EPS. The company's revenue for the quarter 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. Analysts predict that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 12th will be paid a dividend of $0.8275 per share. 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 (DPR) is presently 59.64%.

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.