IFP Advisors Inc Trims Stock Position in American Water Works Company, Inc. $AWK

Key Points

• IFP Advisors cut its American Water Works position by 92.7% in the second quarter, leaving it with 855 shares valued at approximately $113,000. Institutional investors collectively own 86.58% of AWK.
• American Water Works reported quarterly earnings of $1.61 per share, beating estimates of $1.53, while revenue rose 6.2% year over year to $1.35 billion.
• The company declared a quarterly dividend of $0.895 per share, equivalent to an annualized $3.58 payout and a 2.7% yield. Analysts maintain a consensus “Hold” rating with an average price target of $140.11.

IFP Advisors Inc lowered its position in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 92.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 855 shares of the utilities provider's stock after selling 10,938 shares during the period. IFP Advisors Inc's holdings in American Water Works were worth $113,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of AWK. Reflection Asset Management purchased a new position in shares of American Water Works during the fourth quarter worth about $25,000. Nemes Rush Group LLC purchased a new stake in American Water Works in the fourth quarter valued at approximately $27,000. Ascentis Independent Advisors purchased a new stake in American Water Works in the first quarter valued at approximately $27,000. MV Capital Management Inc. bought a new stake in American Water Works during the fourth quarter valued at approximately $29,000. Finally, Harborfront Financial Group LLC bought a new position in shares of American Water Works in the 2nd quarter worth $29,000. Institutional investors own 86.58% of the company's stock.

American Water Works Stock Down 1.4%

Shares of NYSE AWK opened at $133.98 on Tuesday. The company has a market cap of $26.63 billion, a price-to-earnings ratio of 23.22, a PEG ratio of 2.77 and a beta of 0.59. The firm's fifty day moving average is $136.39 and its 200 day moving average is $132.76. The company has a quick ratio of 0.49, a current ratio of 0.52 and a debt-to-equity ratio of 1.20. American Water Works Company, Inc. has a 52 week low of $120.57 and a 52 week high of $145.64.

American Water Works (NYSE:AWK - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.33 billion. During the same quarter last year, the business posted $1.48 EPS. The business'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. On average, equities research analysts expect that American Water Works Company, Inc. will post 6.09 earnings per share for the current year.

American Water Works Announces Dividend

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

Analysts Set New Price Targets

AWK has been the topic of several research reports. JPMorgan Chase & Co. raised their price objective on shares of American Water Works from $138.00 to $147.00 and gave the company a "neutral" rating in a research report on Wednesday, July 8th. Bank of America reissued a "neutral" rating on shares of American Water Works in a research note on Thursday, July 16th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of American Water Works in a research note on Wednesday, June 24th. UBS Group lifted their price target on American Water Works from $156.00 to $162.00 and gave the stock a "buy" rating in a research note on Thursday, September 10th. Finally, Barclays increased their price objective on American Water Works from $124.00 to $130.00 and gave the company an "underweight" rating in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $140.11.

American Water Works Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.