Bank of America Corp DE Sells 11,189 Shares of American Water Works Company, Inc. $AWK

Key Points

• Bank of America reduced its American Water Works stake by 11,189 shares in the first quarter, leaving it with 2.499 million shares worth approximately $340.1 million. Institutional investors collectively own 86.58% of AWK.
• American Water Works reported quarterly EPS of $1.61, exceeding analyst estimates of $1.53, while revenue rose 6.2% year over year to $1.35 billion. The company maintained fiscal 2026 EPS guidance of $6.02–$6.12.
• The company declared a quarterly dividend of $0.895, equivalent to an annualized $3.58 and a 2.7% yield. Analysts have a consensus “Hold” rating and an average price target of $140.10.

Bank of America Corp DE trimmed its position in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 0.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,499,076 shares of the utilities provider's stock after selling 11,189 shares during the period. Bank of America Corp DE owned about 1.28% of American Water Works worth $340,099,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Reflection Asset Management purchased a new stake in shares of American Water Works in the 4th quarter valued at $25,000. Salomon & Ludwin LLC raised its position in American Water Works by 71.7% in the 4th quarter. Salomon & Ludwin LLC now owns 194 shares of the utilities provider's stock worth $25,000 after purchasing an additional 81 shares during the period. Ascentis Independent Advisors purchased a new position in American Water Works in the 1st quarter worth $27,000. Transamerica Financial Advisors LLC lifted its stake in American Water Works by 82.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 199 shares of the utilities provider's stock worth $26,000 after purchasing an additional 90 shares during the last quarter. Finally, Nemes Rush Group LLC bought a new stake in American Water Works in the fourth quarter worth $27,000. Institutional investors own 86.58% of the company's stock.

American Water Works Stock Performance

American Water Works stock opened at $134.47 on Monday. The company has a current ratio of 0.52, a quick ratio of 0.49 and a debt-to-equity ratio of 1.20. The firm has a market cap of $26.72 billion, a P/E ratio of 23.31, a P/E/G ratio of 2.71 and a beta of 0.60. American Water Works Company, Inc. has a 1-year low of $120.57 and a 1-year high of $147.87. The firm has a 50-day moving average of $129.54 and a 200-day moving average of $131.04.

American Water Works (NYSE:AWK - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.53 by $0.08. American Water Works had a return on equity of 10.20% and a net margin of 21.35%.The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter in the previous year, the business earned $1.48 EPS. American Water Works's revenue was up 6.2% compared to the same quarter last year. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. Sell-side analysts expect that American Water Works Company, Inc. will post 6.09 EPS for the current year.

American Water Works Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th will be paid a $0.895 dividend. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $3.58 dividend on an annualized basis and a yield of 2.7%. American Water Works's dividend payout ratio (DPR) is presently 62.05%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on AWK shares. JPMorgan Chase & Co. raised their price objective on American Water Works from $138.00 to $147.00 and gave the company a "neutral" rating in a research note on Wednesday, July 8th. Mizuho increased their target price on American Water Works from $130.00 to $140.00 and gave the company a "neutral" rating in a report on Friday. UBS Group raised their price target on American Water Works from $140.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday, July 2nd. Truist Financial decreased their price target on American Water Works from $137.00 to $130.00 and set a "hold" rating on the stock in a research note on Friday, May 29th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of American Water Works in a research report on Wednesday, June 24th. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $140.10.

American Water Works Company Profile

American Water Works Company, Inc NYSE: AWK is a publicly traded utility company that provides water and wastewater services in the United States. Its core business is the operation, management and maintenance of regulated water and wastewater systems that deliver potable water, collect and treat wastewater, and provide related customer services to residential, commercial and industrial customers as well as municipalities. The company's operations include water treatment and distribution, wastewater collection and treatment, meter reading and billing, emergency repairs, and long-term infrastructure planning and capital project execution.

In addition to its regulated utility operations, American Water offers complementary nonregulated services and solutions that support system reliability and customer needs.

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