Manchester Capital Management LLC Decreases Stock Holdings in American Water Works Company, Inc. $AWK

Manchester Capital Management LLC trimmed its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 65.8% during the 4th quarter, Holdings Channel reports. The fund owned 2,178 shares of the utilities provider’s stock after selling 4,193 shares during the period. Manchester Capital Management LLC’s holdings in American Water Works were worth $284,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Salomon & Ludwin LLC raised its holdings in shares of American Water Works by 71.7% during the 4th quarter. Salomon & Ludwin LLC now owns 194 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 81 shares in the last quarter. Nemes Rush Group LLC purchased a new stake in shares of American Water Works during the 4th quarter worth approximately $27,000. Atlantic Union Bankshares Corp raised its holdings in shares of American Water Works by 803.1% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 289 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 257 shares in the last quarter. Midwest Capital Advisors LLC purchased a new stake in shares of American Water Works during the 4th quarter worth approximately $39,000. Finally, Elevation Wealth Partners LLC purchased a new stake in shares of American Water Works during the 4th quarter worth approximately $40,000. 86.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Truist Financial decreased their price objective on American Water Works from $137.00 to $130.00 and set a “hold” rating on the stock in a report on Friday, May 29th. Barclays increased their price target on American Water Works from $122.00 to $124.00 and gave the company an “underweight” rating in a report on Monday, April 20th. Weiss Ratings restated a “hold (c)” rating on shares of American Water Works in a report on Friday, March 27th. Wall Street Zen upgraded American Water Works from a “strong sell” rating to a “sell” rating in a report on Sunday, April 26th. Finally, Wells Fargo & Company set a $131.00 price target on American Water Works in a report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $138.11.

American Water Works Stock Performance

Shares of American Water Works stock opened at $122.53 on Tuesday. The stock’s fifty day moving average is $129.43 and its two-hundred day moving average is $130.77. The company has a market capitalization of $23.93 billion, a PE ratio of 21.73, a price-to-earnings-growth ratio of 2.70 and a beta of 0.62. The company has a quick ratio of 0.34, a current ratio of 0.37 and a debt-to-equity ratio of 1.16. American Water Works Company, Inc. has a 52 week low of $120.57 and a 52 week high of $147.87.

American Water Works (NYSE:AWK) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $1.17 billion. American Water Works had a net margin of 21.17% and a return on equity of 10.20%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company earned $1.05 EPS. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. As a group, analysts expect that American Water Works Company, Inc. will post 6.09 earnings per share for the current year.

American Water Works Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 12th were 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 was Tuesday, May 12th. This represents a $3.58 annualized dividend and a yield of 2.9%. American Water Works’s dividend payout ratio is currently 63.48%.

About American Water Works

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.