Nordea Investment Management AB Has $318.93 Million Stake in American Water Works Company, Inc. $AWK

Key Points

• Nordea Investment Management AB reduced its stake in American Water Works by 6.4%, now holding approximately $318.93 million worth of shares.
• American Water Works reported earnings per share (EPS) of $1.48 for the last quarter, which was below the estimated $1.53, but with revenue growing by 11.1% year-over-year.
• The company declared a quarterly dividend of $0.8275 per share, with an annualized yield of 2.3% and a payout ratio of 59.64%.

Nordea Investment Management AB trimmed its holdings in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 6.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,311,591 shares of the utilities provider's stock after selling 158,268 shares during the period. Nordea Investment Management AB owned about 1.19% of American Water Works worth $318,930,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. PFG Advisors boosted its position in shares of American Water Works by 33.4% during the first quarter. PFG Advisors now owns 9,699 shares of the utilities provider's stock worth $1,431,000 after buying an additional 2,429 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of American Water Works by 2.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 124,352 shares of the utilities provider's stock worth $18,344,000 after buying an additional 2,570 shares during the period. Brown Advisory Inc. boosted its position in shares of American Water Works by 2.2% during the first quarter. Brown Advisory Inc. now owns 10,547 shares of the utilities provider's stock worth $1,556,000 after buying an additional 229 shares during the period. Mirador Capital Partners LP boosted its position in shares of American Water Works by 28.4% during the second quarter. Mirador Capital Partners LP now owns 11,577 shares of the utilities provider's stock worth $1,610,000 after buying an additional 2,562 shares during the period. Finally, LGT Fund Management Co Ltd. boosted its position in shares of American Water Works by 144.4% during the second quarter. LGT Fund Management Co Ltd. now owns 14,729 shares of the utilities provider's stock worth $2,049,000 after buying an additional 8,703 shares during the period. 86.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AWK. TD Cowen began coverage on American Water Works in a report on Thursday. They set a "hold" rating and a $155.00 target price on the stock. Cowen began coverage on American Water Works in a report on Wednesday. They set a "hold" rating on the stock. Barclays dropped their target price on American Water Works from $138.00 to $128.00 and set an "underweight" rating on the stock in a report on Thursday, July 10th. 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. Finally, Mizuho upped their price objective on American Water Works from $148.00 to $149.00 and gave the company a "neutral" rating in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $145.00.

American Water Works Stock Performance

NYSE:AWK opened at $143.08 on Friday. The stock has a 50 day simple moving average of $140.71 and a 200 day simple moving average of $142.08. The stock has a market cap of $27.91 billion, a P/E ratio of 25.78, a PEG ratio of 3.42 and a beta of 0.70. American Water Works Company, Inc. has a 1-year low of $118.74 and a 1-year high of $155.50. The company has a current ratio of 0.35, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15.

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

American Water Works Announces Dividend

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

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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