Stock Yards Bank & Trust Co. Has $6.84 Million Stock Holdings in American Water Works Company, Inc. $AWK

Key Points

• Stock Yards Bank & Trust Co. reduced its holdings in American Water Works by 14% during the second quarter, maintaining a position worth $6.84 million with 49,179 shares after selling 8,016 shares.
• Wall Street analysts have mixed ratings for American Water Works, with one Buy, six Hold, and two Sell ratings, while the average target price is $141.13.
• American Water Works announced a quarterly dividend of $0.8275, representing an annualized yield of 2.4%, and its payout ratio is currently 59.64%.

Stock Yards Bank & Trust Co. lessened its position in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 14.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 49,179 shares of the utilities provider's stock after selling 8,016 shares during the quarter. Stock Yards Bank & Trust Co.'s holdings in American Water Works were worth $6,841,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of AWK. Oliver Lagore Vanvalin Investment Group acquired a new stake in American Water Works in the 2nd quarter valued at approximately $28,000. Cloud Capital Management LLC bought a new position in American Water Works in the first quarter valued at approximately $29,000. WPG Advisers LLC bought a new position in American Water Works in the first quarter valued at approximately $29,000. Flaharty Asset Management LLC bought a new position in American Water Works in the first quarter valued at approximately $30,000. Finally, Wayfinding Financial LLC bought a new position in American Water Works in the first quarter valued at approximately $48,000. Institutional investors and hedge funds own 86.58% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AWK. Barclays decreased their price target on American Water Works from $138.00 to $128.00 and set an "underweight" rating for the company in a research note on Thursday, July 10th. UBS Group decreased their price target on American Water Works from $156.00 to $151.00 and set a "neutral" rating for the company in a research note on Tuesday, August 12th. Weiss Ratings restated a "hold (c+)" rating on shares of American Water Works in a research note on Saturday, September 27th. Mizuho raised their price target 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. Finally, Argus lifted their target price on American Water Works from $155.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, August 14th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, American Water Works currently has an average rating of "Reduce" and a consensus price target of $141.13.

American Water Works Stock Performance

NYSE:AWK opened at $137.97 on Friday. The stock has a market cap of $26.92 billion, a P/E ratio of 24.86, a PEG ratio of 3.21 and a beta of 0.70. The stock has a 50 day simple moving average of $140.86 and a 200 day simple moving average of $142.15. 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 Company, Inc. has a 1-year low of $118.74 and a 1-year high of $155.50.

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 for the quarter, missing the consensus estimate of $1.53 by ($0.05). The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.22 billion. American Water Works had a return on equity of 10.34% and a net margin of 21.91%.The business's revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the business posted $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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 12th were issued a $0.8275 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $3.31 annualized dividend and a yield of 2.4%. American Water Works's payout ratio is currently 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.

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