Van Lanschot Kempen Investment Management N.V. Sells 17,575 Shares of American Water Works Company, Inc. $AWK

Key Points

• Van Lanschot Kempen Investment Management N.V. reduced its stake in American Water Works by 15.4%, selling 17,575 shares, leaving them holding 96,455 shares valued at approximately $14.23 million.
• American Water Works recently announced a quarterly dividend of $0.8275 per share, which will be paid on September 3rd, representing an annualized yield of 2.3%.
• Despite a missed earnings estimate for the last quarter, the company's revenue increased by 11.1% year-over-year, totaling $1.28 billion.

Van Lanschot Kempen Investment Management N.V. trimmed its position in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 15.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 96,455 shares of the utilities provider's stock after selling 17,575 shares during the quarter. Van Lanschot Kempen Investment Management N.V.'s holdings in American Water Works were worth $14,229,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. PFG Advisors grew its stake in American Water Works by 33.4% during the 1st 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 last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in 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 valued at $18,344,000 after buying an additional 2,570 shares in the last quarter. Brown Advisory Inc. lifted its holdings 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 valued at $1,556,000 after purchasing an additional 229 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of American Water Works by 45.2% during the first quarter. Farther Finance Advisors LLC now owns 2,326 shares of the utilities provider's stock valued at $342,000 after purchasing an additional 724 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its holdings in shares of American Water Works by 21.5% during the first quarter. Oppenheimer & Co. Inc. now owns 7,692 shares of the utilities provider's stock valued at $1,135,000 after purchasing an additional 1,359 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on AWK shares. Argus increased their price objective 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. UBS Group lowered their price objective on American Water Works from $156.00 to $151.00 and set a "neutral" rating on the stock in a report on Tuesday, August 12th. Evercore ISI increased their price objective on American Water Works from $139.00 to $148.00 and gave the company an "in-line" rating in a report on Friday, May 2nd. Mizuho raised their target price on American Water Works from $148.00 to $149.00 and gave the company a "neutral" rating in a report on Friday, August 1st. Finally, Wells Fargo & Company decreased their price objective on American Water Works from $147.00 to $141.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Reduce" and a consensus price target of $143.30.

Insider Buying and Selling at American Water Works

In other news, CAO Melissa K. Wikle sold 2,825 shares of the business's stock in a transaction on Friday, May 30th. The stock was 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 owned 7,572 shares in the company, valued at $1,084,916.16. The trade was a 27.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.11% of the stock is currently owned by insiders.

American Water Works Price Performance

AWK traded up $0.0880 during trading on Friday, hitting $145.9580. The company's stock had a trading volume of 963,948 shares, compared to its average volume of 1,632,087. The firm's 50 day moving average price is $142.14 and its two-hundred day moving average price is $141.12. The company has a quick ratio of 0.32, a current ratio of 0.35 and a debt-to-equity ratio of 1.15. American Water Works Company, Inc. has a 12 month low of $118.74 and a 12 month high of $155.50. The stock has a market capitalization of $28.48 billion, a price-to-earnings ratio of 26.30, a price-to-earnings-growth 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 the consensus estimate of $1.53 by ($0.05). American Water Works had a net margin of 21.91% and a return on equity of 10.34%. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the firm posted $1.42 EPS. The company's revenue for the quarter was up 11.1% compared to the same quarter last year. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. Sell-side analysts forecast that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

American Water Works Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 12th will be given a dividend of $0.8275 per share. 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%.

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.