American Water Works Company, Inc. $AWK Shares Sold by First Manhattan CO. LLC.

Key Points

• First Manhattan CO. LLC reduced its stake in American Water Works by 7.2%, selling 12,265 shares and now owning approximately 0.08% of the company valued at $23.4 million as of the latest SEC filing.
• Despite missing earnings estimates, American Water Works reported a revenue increase of 11.1% year-over-year, totaling $1.28 billion for the quarter.
• The company recently announced a quarterly dividend of $0.8275 per share, reflecting an annualized payout of $3.31 and a yield of 2.3%, with a payout ratio of 59.64%.

First Manhattan CO. LLC. decreased its holdings in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 7.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 158,592 shares of the utilities provider's stock after selling 12,265 shares during the period. First Manhattan CO. LLC. owned about 0.08% of American Water Works worth $23,395,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Cloud Capital Management LLC acquired a new position in shares of American Water Works in the first quarter worth $29,000. WPG Advisers LLC acquired a new position in shares of American Water Works in the first quarter worth $29,000. Capital A Wealth Management LLC purchased a new stake in shares of American Water Works during the 4th quarter worth $33,000. Banque Transatlantique SA purchased a new stake in shares of American Water Works during the 4th quarter worth $46,000. Finally, Wayfinding Financial LLC purchased a new stake in shares of American Water Works during the 1st quarter worth $48,000. Institutional investors and hedge funds own 86.58% of the company's stock.

American Water Works Stock Performance

AWK traded up $1.90 on Friday, reaching $143.47. The company had a trading volume of 782,169 shares, compared to its average volume of 1,111,201. American Water Works Company, Inc. has a 1 year low of $118.74 and a 1 year high of $155.50. The stock has a market capitalization of $27.99 billion, a PE ratio of 25.85, a P/E/G ratio of 3.35 and a beta of 0.69. The company has a quick ratio of 0.32, a current ratio of 0.35 and a debt-to-equity ratio of 1.15. The stock has a 50-day moving average price of $142.60 and a 200-day moving average price of $142.37.

American Water Works (NYSE:AWK - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.48 EPS for the quarter, missing analysts' consensus estimates of $1.53 by ($0.05). The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.22 billion. American Water Works had a net margin of 21.91% and a return on equity of 10.34%. The company's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.42 earnings per share. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. As a group, research analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on AWK shares. Mizuho lifted their price objective on shares of American Water Works from $148.00 to $149.00 and gave the stock a "neutral" rating in a research report on Friday, August 1st. 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 report 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 report on Tuesday, August 12th. Argus lifted their price objective on shares of American Water Works from $155.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Finally, Barclays decreased their price objective on shares of American Water Works from $138.00 to $128.00 and set an "underweight" rating for the company in a research report on Thursday, July 10th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Reduce" and an average 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.