MetLife Investment Management LLC Sells 965 Shares of American Water Works Company, Inc. $AWK

MetLife Investment Management LLC reduced its stake in American Water Works Company, Inc. (NYSE:AWK) by 1.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,619 shares of the utilities provider’s stock after selling 965 shares during the quarter. MetLife Investment Management LLC’s holdings in American Water Works were worth $7,467,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. PFG Advisors lifted its position in American Water Works by 33.4% in the 1st quarter. PFG Advisors now owns 9,699 shares of the utilities provider’s stock valued at $1,431,000 after acquiring an additional 2,429 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in American Water Works by 2.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 124,352 shares of the utilities provider’s stock valued at $18,344,000 after acquiring an additional 2,570 shares in the last quarter. Brown Advisory Inc. lifted its position in American Water Works by 2.2% in the 1st quarter. Brown Advisory Inc. now owns 10,547 shares of the utilities provider’s stock valued at $1,556,000 after acquiring an additional 229 shares in the last quarter. Farther Finance Advisors LLC lifted its position in American Water Works by 45.2% in the 1st quarter. Farther Finance Advisors LLC now owns 2,326 shares of the utilities provider’s stock valued at $342,000 after acquiring an additional 724 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its position in American Water Works by 21.5% in the 1st quarter. Oppenheimer & Co. Inc. now owns 7,692 shares of the utilities provider’s stock valued at $1,135,000 after acquiring an additional 1,359 shares in the last quarter. 86.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AWK. Mizuho boosted their price objective on shares of American Water Works from $148.00 to $149.00 and gave the company a “neutral” rating in a research report on Friday, August 1st. Barclays cut their price target 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. Wall Street Zen cut shares of American Water Works from a “hold” rating to a “sell” rating in a research report on Wednesday, May 14th. UBS Group cut their price target on shares of 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. Finally, Wells Fargo & Company cut their price target on shares of 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. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price 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 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 transaction, the chief accounting officer directly owned 7,572 shares in the company, valued at $1,084,916.16. The trade was a 27.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.11% of the stock is owned by corporate insiders.

American Water Works Stock Up 0.6%

American Water Works stock opened at $144.82 on Thursday. The firm has a market capitalization of $28.25 billion, a PE ratio of 26.09, a P/E/G ratio of 3.41 and a beta of 0.65. The company’s 50-day moving average is $142.36 and its 200-day moving average is $141.56. American Water Works Company, Inc. has a fifty-two week low of $118.74 and a fifty-two week 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.

American Water Works (NYSE:AWK) last released its quarterly earnings data 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 firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.42 earnings per share. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. Sell-side 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 12th will be paid a dividend of $0.8275 per share. The ex-dividend date is 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%.

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.