Thematics Asset Management Trims Position in American Water Works Company, Inc. $AWK

Key Points

• Thematics Asset Management reduced its stake in American Water Works by 5.2% in the first quarter, selling 5,000 shares, leaving it with 91,742 shares valued at approximately $13.5 million.
• Several hedge funds have altered their positions in American Water Works, with institutional investors now owning 86.58% of the company’s stock.
• American Water Works announced a quarterly dividend of $0.8275, resulting in a yield of 2.3%, with the record date set for August 12th.

Thematics Asset Management decreased its stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 5.2% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 91,742 shares of the utilities provider's stock after selling 5,000 shares during the period. Thematics Asset Management's holdings in American Water Works were worth $13,534,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cloud Capital Management LLC bought a new stake in American Water Works during the 1st quarter worth approximately $29,000. Capital A Wealth Management LLC purchased a new position in shares of American Water Works during the 4th quarter valued at $33,000. Wayfinding Financial LLC bought a new position in shares of American Water Works in the first quarter worth $48,000. Millstone Evans Group LLC purchased a new stake in shares of American Water Works in the first quarter worth $55,000. Finally, Banque Transatlantique SA purchased a new stake in shares of American Water Works in the fourth quarter worth $46,000. 86.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Argus boosted their target price on American Water Works from $155.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Wall Street Zen lowered American Water Works from a "hold" rating to a "sell" rating in a report on Wednesday, May 14th. Barclays decreased their price objective on shares of American Water Works from $138.00 to $128.00 and set an "underweight" rating on the stock in a research report on Thursday, July 10th. Evercore ISI lifted their target price on shares of American Water Works from $139.00 to $148.00 and gave the company an "in-line" rating in a research report on Friday, May 2nd. Finally, UBS Group cut their price target on shares of 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. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, American Water Works currently has an average rating of "Reduce" and a consensus price target of $143.30.

American Water Works Trading Down 1.2%

American Water Works stock traded down $1.77 during trading hours on Thursday, reaching $142.98. The company had a trading volume of 947,640 shares, compared to its average volume of 1,419,872. The firm has a market cap of $27.89 billion, a price-to-earnings ratio of 25.76, a P/E/G ratio of 3.41 and a beta of 0.65. American Water Works Company, Inc. has a 12-month low of $118.74 and a 12-month high of $155.50. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.35 and a quick ratio of 0.32. The company has a 50-day moving average price of $142.36 and a 200 day moving average price of $141.56.

American Water Works (NYSE:AWK - Get Free Report) last issued its 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). 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 quarter in the prior year, the business posted $1.42 EPS. The firm'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 forecast that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Dividend Announcement

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. The ex-dividend date is Tuesday, August 12th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 2.3%. American Water Works's payout ratio is presently 59.64%.

Insider Activity at American Water Works

In other news, CAO Melissa K. Wikle sold 2,825 shares of the stock in a transaction dated 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 sale, the chief accounting officer directly owned 7,572 shares in the company, valued at approximately $1,084,916.16. This represents a 27.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.11% of the company's stock.

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.