Corient Private Wealth LP Trims Holdings in American Water Works Company, Inc. $AWK

Key Points

• Corient Private Wealth reduced its American Water Works stake by 31.6% in the second quarter, selling 39,196 shares and retaining 84,877 shares valued at approximately $11.2 million.
• Analysts maintain a consensus “Hold” rating with an average price target of $140.11; individual targets range from $130 to $162. Institutional investors collectively own 86.58% of the company.
• American Water Works exceeded quarterly earnings and revenue estimates, reporting $1.61 EPS on $1.35 billion in revenue, while year-over-year revenue increased 6.2%. The company also pays a quarterly dividend of $0.895, representing a 2.6% annualized yield.

Corient Private Wealth LP lowered its holdings in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 31.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 84,877 shares of the utilities provider's stock after selling 39,196 shares during the period. Corient Private Wealth LP's holdings in American Water Works were worth $11,168,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Formuepleje A S acquired a new stake in American Water Works during the 2nd quarter worth approximately $1,367,000. HighTower Advisors LLC raised its stake in shares of American Water Works by 0.3% during the second quarter. HighTower Advisors LLC now owns 545,306 shares of the utilities provider's stock worth $71,751,000 after purchasing an additional 1,473 shares during the last quarter. Groupe la Francaise raised its stake in shares of American Water Works by 9.2% during the second quarter. Groupe la Francaise now owns 71,173 shares of the utilities provider's stock worth $9,362,000 after purchasing an additional 6,011 shares during the last quarter. Kintra Wealth LLC raised its stake in shares of American Water Works by 46.0% during the second quarter. Kintra Wealth LLC now owns 2,257 shares of the utilities provider's stock worth $308,000 after purchasing an additional 711 shares during the last quarter. Finally, HB Wealth Management LLC lifted its holdings in shares of American Water Works by 59.6% during the second quarter. HB Wealth Management LLC now owns 9,545 shares of the utilities provider's stock worth $1,256,000 after purchasing an additional 3,565 shares during the period. 86.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Truist Financial set a $139.00 price objective on shares of American Water Works in a research report on Tuesday, August 4th. Barclays raised their target price on American Water Works from $124.00 to $130.00 and gave the company an "underweight" rating in a report on Wednesday, July 15th. Mizuho boosted their price target on American Water Works from $130.00 to $140.00 and gave the stock a "neutral" rating in a research note on Friday, July 31st. Wall Street Zen raised shares of American Water Works from a "strong sell" rating to a "sell" rating in a research note on Monday, August 3rd. Finally, UBS Group raised their price target on American Water Works from $156.00 to $162.00 and gave the stock a "buy" rating in a research report on Thursday, September 10th. One research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $140.11.

American Water Works Price Performance

Shares of American Water Works stock opened at $137.90 on Thursday. The company has a current ratio of 0.52, a quick ratio of 0.49 and a debt-to-equity ratio of 1.20. American Water Works Company, Inc. has a twelve month low of $120.57 and a twelve month high of $145.64. The stock has a market capitalization of $27.40 billion, a P/E ratio of 23.90, a PEG ratio of 2.81 and a beta of 0.59. The business's fifty day moving average price is $136.08 and its 200 day moving average price is $132.75.

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

American Water Works Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th were issued a $0.895 dividend. This represents a $3.58 annualized dividend and a yield of 2.6%. The ex-dividend date was Tuesday, August 11th. American Water Works's dividend payout ratio is currently 62.05%.

About American Water Works

American Water Works Company, Inc is a water and wastewater utility company that provides essential services to residential, commercial, industrial and public-sector customers. Through its regulated operations, the company treats and distributes drinking water, collects and treats wastewater, and manages related infrastructure such as pipelines, treatment plants, storage facilities and pumping stations.

The company also provides water and wastewater services to military installations and operates businesses serving municipalities and other public-sector customers.

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