Securian Asset Management Inc. Sells 4,007 Shares of American Water Works Company, Inc. $AWK

Securian Asset Management Inc. cut its stake in American Water Works Company, Inc. (NYSE:AWK) by 43.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,305 shares of the utilities provider’s stock after selling 4,007 shares during the quarter. Securian Asset Management Inc.’s holdings in American Water Works were worth $692,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Grey Fox Wealth Advisors LLC bought a new position in American Water Works during the third quarter worth about $27,000. Salomon & Ludwin LLC increased its position in American Water Works by 71.7% during the fourth quarter. Salomon & Ludwin LLC now owns 194 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 81 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new position in American Water Works during the third quarter worth about $28,000. Cloud Capital Management LLC bought a new position in American Water Works during the third quarter worth about $29,000. Finally, Westfuller Advisors LLC bought a new position in American Water Works during the third quarter worth about $33,000. 86.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on AWK. Wall Street Zen raised shares of American Water Works from a “strong sell” rating to a “sell” rating in a research report on Sunday, April 26th. Truist Financial began coverage on shares of American Water Works in a research report on Tuesday, April 21st. They set a “hold” rating and a $137.00 price target on the stock. Wells Fargo & Company set a $131.00 price target on shares of American Water Works in a research report on Tuesday, April 21st. UBS Group decreased their target price on shares of American Water Works from $149.00 to $137.00 and set a “neutral” rating on the stock in a report on Thursday, May 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of American Water Works in a report on Friday, March 27th. One research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, American Water Works has a consensus rating of “Hold” and an average price target of $139.11.

American Water Works Trading Down 1.1%

Shares of AWK stock opened at $125.98 on Friday. American Water Works Company, Inc. has a twelve month low of $121.28 and a twelve month high of $147.87. The stock’s fifty day simple moving average is $133.81 and its 200 day simple moving average is $131.58. The company has a quick ratio of 0.34, a current ratio of 0.37 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $24.60 billion, a P/E ratio of 22.34, a P/E/G ratio of 2.81 and a beta of 0.64.

American Water Works (NYSE:AWK) last posted its earnings results on Wednesday, April 29th. The utilities provider reported $1.01 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.09). The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.17 billion. American Water Works had a return on equity of 10.20% and a net margin of 21.17%.The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.05 earnings per share. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. As a group, sell-side analysts predict that American Water Works Company, Inc. will post 6.09 EPS for the current fiscal year.

American Water Works Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 12th will be given a $0.895 dividend. This is a boost from American Water Works’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Tuesday, May 12th. This represents a $3.58 annualized dividend and a dividend yield of 2.8%. American Water Works’s dividend payout ratio is 63.48%.

American Water Works Profile

American Water Works Company, Inc (NYSE: AWK) is a publicly traded utility company that provides water and wastewater services in the United States. Its core business is the operation, management and maintenance of regulated water and wastewater systems that deliver potable water, collect and treat wastewater, and provide related customer services to residential, commercial and industrial customers as well as municipalities. The company’s operations include water treatment and distribution, wastewater collection and treatment, meter reading and billing, emergency repairs, and long-term infrastructure planning and capital project execution.

In addition to its regulated utility operations, American Water offers complementary nonregulated services and solutions that support system reliability and customer needs.