Whittier Trust Co. Sells 3,205 Shares of American Water Works Company, Inc. $AWK

Key Points

• Whittier Trust Co. has reduced its stake in American Water Works by 7.1%, now owning 42,077 shares after selling 3,205 shares during the second quarter.
• The company's stock price opened at $144.14, with a market capitalization of $28.12 billion and a 1-year high of $155.50.
• American Water Works reported earnings of $1.48 per share for the last quarter, missing estimates, but showed a 11.1% revenue increase year-over-year.

Whittier Trust Co. lowered its stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 7.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 42,077 shares of the utilities provider's stock after selling 3,205 shares during the quarter. Whittier Trust Co.'s holdings in American Water Works were worth $5,853,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its holdings in shares of American Water Works by 881.1% during 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 acquiring an additional 3,327,352 shares in the last quarter. Pictet Asset Management Holding SA grew its stake 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 worth $668,566,000 after acquiring an additional 878,951 shares during the last quarter. Groupama Asset Managment grew its stake 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 worth $2,296,000 after acquiring an additional 802,639 shares during the last quarter. Nuveen LLC purchased a new stake in shares of American Water Works in the first quarter worth $103,053,000. Finally, BROOKFIELD Corp ON grew its stake 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 worth $84,246,000 after acquiring an additional 549,002 shares during the last quarter. Institutional investors own 86.58% of the company's stock.

American Water Works Stock Performance

NYSE AWK opened at $144.14 on Wednesday. The stock has a market capitalization of $28.12 billion, a PE ratio of 25.97, a P/E/G ratio of 3.49 and a beta of 0.70. The business has a 50 day simple moving average of $140.72 and a two-hundred day simple moving average of $141.97. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.35 and a quick ratio of 0.32. 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 analysts' expectations of $1.22 billion. American Water Works had a net margin of 21.91% and a return on equity of 10.34%. The business's quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.42 EPS. 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 EPS for the current fiscal year.

American Water Works Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 12th were given a dividend of $0.8275 per share. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $3.31 annualized dividend and a dividend yield of 2.3%. American Water Works's payout ratio is currently 59.64%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Cowen assumed coverage on American Water Works in a report on Wednesday, October 15th. They set a "hold" rating on the stock. Argus upped their price target on American Water Works from $155.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, August 14th. 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 report on Friday, August 1st. UBS Group lowered their price target 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. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of American Water Works in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $145.75.

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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