DekaBank Deutsche Girozentrale Trims Stock Holdings in American Water Works Company, Inc. $AWK

Key Points

• DekaBank Deutsche Girozentrale has reduced its stake in American Water Works by 3.7%, owning 324,866 shares valued at approximately $44.98 million after selling 12,440 shares.
• American Water Works reported earnings per share (EPS) of $1.48 for the last quarter, missing estimates by $0.05, while revenue was up 11.1% year-over-year to $1.28 billion.
• The company declared a quarterly dividend of $0.8275, yielding 2.3% with a dividend payout ratio of 59.64%.

DekaBank Deutsche Girozentrale reduced its stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 3.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 324,866 shares of the utilities provider's stock after selling 12,440 shares during the period. DekaBank Deutsche Girozentrale owned 0.17% of American Water Works worth $44,981,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AWK. Sumitomo Life Insurance Co. lifted its holdings in American Water Works by 1.5% during the first quarter. Sumitomo Life Insurance Co. now owns 4,679 shares of the utilities provider's stock valued at $690,000 after purchasing an additional 70 shares in the last quarter. Sargent Investment Group LLC lifted its stake in American Water Works by 2.6% in the 1st quarter. Sargent Investment Group LLC now owns 2,795 shares of the utilities provider's stock worth $412,000 after purchasing an additional 70 shares in the last quarter. Private Trust Co. NA boosted its holdings in shares of American Water Works by 4.8% during the 1st quarter. Private Trust Co. NA now owns 1,607 shares of the utilities provider's stock valued at $237,000 after purchasing an additional 74 shares during the last quarter. Foundations Investment Advisors LLC grew its position in shares of American Water Works by 5.0% during the first quarter. Foundations Investment Advisors LLC now owns 1,726 shares of the utilities provider's stock valued at $255,000 after purchasing an additional 82 shares in the last quarter. Finally, Principal Securities Inc. increased its holdings in shares of American Water Works by 1.4% in the first quarter. Principal Securities Inc. now owns 6,157 shares of the utilities provider's stock worth $908,000 after purchasing an additional 85 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors.

American Water Works Stock Performance

AWK stock opened at $144.14 on Wednesday. American Water Works Company, Inc. has a 1-year low of $118.74 and a 1-year high of $155.50. The business has a 50-day moving average price of $140.72 and a 200 day moving average price of $141.97. The company has a market capitalization of $28.12 billion, a P/E ratio of 25.97, a PEG ratio of 3.49 and a beta of 0.70. 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 (NYSE:AWK - Get Free Report) last issued its 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 business 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%.The firm's revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.42 earnings per share. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. As a group, equities research analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 12th were issued a $0.8275 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 2.3%. American Water Works's dividend payout ratio (DPR) is currently 59.64%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Cowen assumed coverage on American Water Works in a report on Wednesday, October 15th. They set a "hold" rating for the company. UBS Group reduced their price target on shares of American Water Works from $156.00 to $151.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 12th. Argus boosted their target price on American Water Works from $155.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday, August 14th. TD Cowen started coverage on American Water Works in a research report on Thursday, October 16th. They issued a "hold" rating and a $155.00 price target for the company. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of American Water Works in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $145.75.

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.

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