First National Corp MA ADV Sells 3,551 Shares of American Water Works Company, Inc. $AWK

Key Points

• First National Corp MA ADV reduced its position in American Water Works by 21.5% during Q2, holding 12,931 shares valued at approximately $1.80 million.
• American Water Works reported a quarterly earnings miss of $1.48 per share, falling short of the $1.53 consensus estimate, despite revenue growth of 11.1% year-over-year.
• The company recently declared a quarterly dividend of $0.8275 per share, translating to an annualized dividend of $3.31 and a yield of 2.4%.

First National Corp MA ADV cut its position in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 21.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,931 shares of the utilities provider's stock after selling 3,551 shares during the quarter. First National Corp MA ADV's holdings in American Water Works were worth $1,799,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. WPG Advisers LLC bought a new position in shares of American Water Works in the first quarter valued at $29,000. Flaharty Asset Management LLC bought a new stake in American Water Works in the first quarter valued at approximately $30,000. Cloud Capital Management LLC bought a new stake in American Water Works in the first quarter valued at approximately $29,000. Capital A Wealth Management LLC bought a new stake in American Water Works in the fourth quarter valued at approximately $33,000. Finally, Wayfinding Financial LLC bought a new stake in American Water Works in the first quarter valued at approximately $48,000. 86.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on AWK. UBS Group dropped their price objective on American Water Works from $156.00 to $151.00 and set a "neutral" rating on the stock in a research note 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. 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 reduced 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. Finally, Barclays reduced 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. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, American Water Works has an average rating of "Reduce" and a consensus target price of $141.13.

American Water Works Trading Down 0.3%

Shares of American Water Works stock traded down $0.37 on Friday, hitting $135.02. The stock had a trading volume of 2,660,203 shares, compared to its average volume of 999,788. The stock has a 50 day moving average of $141.96 and a 200 day moving average of $142.60. American Water Works Company, Inc. has a twelve month low of $118.74 and a twelve month high of $155.50. 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 firm has a market capitalization of $26.34 billion, a P/E ratio of 24.33, a PEG ratio of 3.21 and a beta of 0.69.

American Water Works (NYSE:AWK - Get Free Report) last released its quarterly earnings data 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 net margin of 21.91% and a return on equity of 10.34%. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the company earned $1.42 EPS. The business's quarterly revenue was up 11.1% compared to the same quarter last year. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. Sell-side analysts expect that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

American Water Works Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors 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 annualized dividend and a yield of 2.5%. American Water Works's dividend payout ratio is presently 59.64%.

About American Water Works

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.