Vontobel Holding Ltd. Sells 20,307 Shares of American Water Works Company, Inc. $AWK

Vontobel Holding Ltd. reduced its stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 4.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 436,355 shares of the utilities provider's stock after selling 20,307 shares during the period. Vontobel Holding Ltd. owned 0.22% of American Water Works worth $60,701,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Price T Rowe Associates Inc. MD lifted its holdings in shares of American Water Works by 881.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,704,995 shares of the utilities provider's stock valued at $546,562,000 after purchasing an additional 3,327,352 shares in the last quarter. Pictet Asset Management Holding SA increased its position in shares of American Water Works by 24.1% in the first quarter. Pictet Asset Management Holding SA now owns 4,532,131 shares of the utilities provider's stock valued at $668,566,000 after acquiring an additional 878,951 shares during the last quarter. Groupama Asset Managment increased its position in shares of American Water Works by 114.3% in the first quarter. Groupama Asset Managment now owns 1,505,106 shares of the utilities provider's stock valued at $2,296,000 after acquiring an additional 802,639 shares during the last quarter. Nuveen LLC acquired a new stake in shares of American Water Works in the first quarter valued at about $103,053,000. Finally, BROOKFIELD Corp ON increased its position in shares of American Water Works by 2,486.6% in the first quarter. BROOKFIELD Corp ON now owns 571,080 shares of the utilities provider's stock valued at $84,246,000 after acquiring an additional 549,002 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on AWK shares. Argus lifted their target price on American Water Works from $155.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday, August 14th. UBS Group lowered their target price on American Water Works from $156.00 to $151.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 12th. Mizuho boosted their price target on American Water Works from $148.00 to $149.00 and gave the stock a "neutral" rating in a research report on Friday, August 1st. Weiss Ratings reissued a "hold (c+)" rating on shares of American Water Works in a research report on Wednesday. Finally, Wells Fargo & Company lowered their price target on American Water Works from $147.00 to $141.00 and set an "equal weight" rating on the stock in a research report on Friday, August 1st. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $143.57.

American Water Works Trading Down 1.0%

Shares of AWK stock opened at $141.09 on Thursday. The stock has a 50 day simple moving average of $140.91 and a 200 day simple moving average of $142.13. 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. The stock has a market cap of $27.53 billion, a P/E ratio of 25.42, a price-to-earnings-growth ratio of 3.37 and a beta of 0.70.

American Water Works (NYSE:AWK - Get Free Report) last released its 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). American Water Works had a return on equity of 10.34% and a net margin of 21.91%.The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the company earned $1.42 earnings per share. 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. On average, research analysts predict that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

American Water Works Announces Dividend

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