PNC Financial Services Group Inc. Has $83.89 Million Stake in American Water Works Company, Inc. $AWK

PNC Financial Services Group Inc. lowered its stake in American Water Works Company, Inc. (NYSE:AWK) by 2.6% in the second quarter, HoldingsChannel.com reports. The firm owned 603,012 shares of the utilities provider’s stock after selling 16,206 shares during the quarter. PNC Financial Services Group Inc.’s holdings in American Water Works were worth $83,885,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its position in 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 worth $546,562,000 after purchasing an additional 3,327,352 shares during the period. Pictet Asset Management Holding SA lifted its stake in shares of American Water Works by 24.1% in the 1st quarter. Pictet Asset Management Holding SA now owns 4,532,131 shares of the utilities provider’s stock valued at $668,566,000 after purchasing an additional 878,951 shares during the period. Groupama Asset Managment grew its stake in shares of American Water Works by 114.3% during the first quarter. Groupama Asset Managment now owns 1,505,106 shares of the utilities provider’s stock worth $2,296,000 after purchasing an additional 802,639 shares during the period. Nuveen LLC bought a new position in American Water Works during the first quarter worth about $103,053,000. Finally, BROOKFIELD Corp ON boosted its stake in American Water Works by 2,486.6% during the 1st 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 and hedge funds own 86.58% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Cowen initiated coverage on American Water Works in a research note on Wednesday, October 15th. They issued a “hold” rating for the company. Jefferies Financial Group upgraded American Water Works from an “underperform” rating to a “hold” rating and lifted their price objective for the company from $114.00 to $124.00 in a report on Wednesday, November 5th. Argus increased their target price 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. Wells Fargo & Company initiated coverage on shares of American Water Works in a research note on Monday, October 27th. They issued an “equal weight” rating and a $142.00 target price for the company. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of American Water Works in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, American Water Works has a consensus rating of “Hold” and a consensus price target of $143.00.

American Water Works Stock Down 0.2%

AWK stock opened at $129.77 on Thursday. American Water Works Company, Inc. has a 52 week low of $118.74 and a 52 week high of $155.50. The company has a market cap of $25.32 billion, a PE ratio of 22.81, a price-to-earnings-growth ratio of 2.84 and a beta of 0.72. The company has a quick ratio of 0.32, a current ratio of 0.35 and a debt-to-equity ratio of 1.15. The business has a 50-day simple moving average of $137.10 and a 200 day simple moving average of $140.56.

American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, October 29th. The utilities provider reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.04. American Water Works had a return on equity of 10.57% and a net margin of 21.93%.The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the business posted $1.80 EPS. The company’s revenue was up 9.7% compared to the same quarter last year. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. FY 2026 guidance at 6.020-6.120 EPS. Sell-side analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Thursday, November 13th will be issued a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, November 13th. American Water Works’s dividend payout ratio is presently 58.17%.

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.