SG Americas Securities LLC Sells 55,738 Shares of American Water Works Company, Inc. $AWK

SG Americas Securities LLC cut its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 67.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 26,997 shares of the utilities provider’s stock after selling 55,738 shares during the quarter. SG Americas Securities LLC’s holdings in American Water Works were worth $3,756,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in American Water Works by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 25,248,263 shares of the utilities provider’s stock worth $3,724,624,000 after acquiring an additional 141,038 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of American Water Works by 2.1% during the second quarter. Geode Capital Management LLC now owns 4,949,996 shares of the utilities provider’s stock valued at $685,662,000 after purchasing an additional 103,595 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake 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 purchasing an additional 3,327,352 shares in the last quarter. Northern Trust Corp grew its holdings in shares of American Water Works by 3.6% during the first quarter. Northern Trust Corp now owns 3,479,406 shares of the utilities provider’s stock worth $513,282,000 after purchasing an additional 121,680 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of American Water Works by 1.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,270,420 shares of the utilities provider’s stock valued at $323,671,000 after buying an additional 24,239 shares during the period. 86.58% of the stock is currently owned by institutional investors.

American Water Works Stock Down 2.1%

Shares of NYSE AWK opened at $129.83 on Wednesday. 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 debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.35. The company’s 50 day moving average price is $136.31 and its 200-day moving average price is $140.10. The company has a market capitalization of $25.33 billion, a P/E ratio of 22.82, a price-to-earnings-growth ratio of 2.84 and a beta of 0.72.

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

American Water Works Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Thursday, November 13th will be given a $0.8275 dividend. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $3.31 annualized dividend and a dividend yield of 2.5%. American Water Works’s dividend payout ratio (DPR) is 58.17%.

Analysts Set New Price Targets

AWK has been the topic of several recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of American Water Works in a research report on Thursday, November 13th. Cowen began coverage on shares of American Water Works in a research note on Wednesday, October 15th. They set a “hold” rating for the company. Argus lifted their price target on shares of American Water Works from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, August 14th. TD Cowen started coverage on American Water Works in a report on Thursday, October 16th. They issued a “hold” rating and a $155.00 price objective for the company. Finally, Mizuho set a $145.00 target price on American Water Works in a research report on Tuesday, October 28th. One research analyst has rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $143.00.

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.