Northern Trust Corp Buys 121,680 Shares of American Water Works Company, Inc. $AWK

Key Points

• Northern Trust Corp increased its stake in American Water Works by 3.6% during Q1, bringing its total ownership to approximately 3.48 million shares, valued at $513.3 million.
• American Water Works declared a quarterly dividend of $0.8275 per share, which will be payable on September 3rd, representing an annualized yield of 2.3%.
• American Water Works reported quarterly earnings of $1.48 per share, missing estimates by $0.05, with revenue of $1.28 billion, reflecting an 11.1% increase year-over-year.

Northern Trust Corp grew its stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 3.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,479,406 shares of the utilities provider's stock after acquiring an additional 121,680 shares during the period. Northern Trust Corp owned 1.78% of American Water Works worth $513,282,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of AWK. Marshall Wace LLP bought a new position in American Water Works during the fourth quarter worth about $2,842,000. GeoWealth Management LLC lifted its position in American Water Works by 63.0% during the fourth quarter. GeoWealth Management LLC now owns 3,317 shares of the utilities provider's stock worth $413,000 after acquiring an additional 1,282 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in American Water Works by 2.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 757,697 shares of the utilities provider's stock worth $94,324,000 after acquiring an additional 14,808 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in American Water Works during the fourth quarter worth approximately $799,000. Finally, Norinchukin Bank The lifted its position in American Water Works by 17.8% during the fourth quarter. Norinchukin Bank The now owns 10,482 shares of the utilities provider's stock worth $1,305,000 after acquiring an additional 1,586 shares during the last quarter. Institutional investors own 86.58% of the company's stock.

Insider Buying and Selling at American Water Works

In other news, CAO Melissa K. Wikle sold 2,825 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $143.28, for a total transaction of $404,766.00. Following the completion of the transaction, the chief accounting officer directly owned 7,572 shares of the company's stock, valued at $1,084,916.16. This represents a 27.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.11% of the stock is owned by corporate insiders.

Analyst Ratings Changes

AWK has been the subject of several research reports. Wells Fargo & Company cut 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. Mizuho lifted their price objective on shares of American Water Works from $148.00 to $149.00 and gave the company a "neutral" rating in a research note on Friday, August 1st. Barclays decreased their target price on shares of American Water Works from $138.00 to $128.00 and set an "underweight" rating on the stock in a research note on Thursday, July 10th. Wall Street Zen cut shares of American Water Works from a "hold" rating to a "sell" rating in a research note on Wednesday, May 14th. Finally, Argus boosted 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 note on Thursday, August 14th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average price target of $143.30.

American Water Works Stock Up 0.1%

Shares of AWK traded up $0.0880 on Friday, reaching $145.9580. The company's stock had a trading volume of 963,948 shares, compared to its average volume of 1,632,087. 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 current ratio of 0.35, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The firm has a fifty day moving average of $142.14 and a 200-day moving average of $141.12. The stock has a market capitalization of $28.48 billion, a PE ratio of 26.30, a PEG ratio of 3.45 and a beta of 0.65.

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

American Water Works Announces Dividend

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

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.