NBT Bank N A NY Sells 279 Shares of American Water Works Company, Inc. $AWK

NBT Bank N A NY trimmed its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 2.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 11,844 shares of the utilities provider’s stock after selling 279 shares during the quarter. NBT Bank N A NY’s holdings in American Water Works were worth $1,648,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its position in shares of American Water Works by 881.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,704,995 shares of the utilities provider’s stock worth $546,562,000 after buying an additional 3,327,352 shares during the last quarter. Pictet Asset Management Holding SA grew its position 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 worth $668,566,000 after buying an additional 878,951 shares during the last quarter. Groupama Asset Managment grew its position in shares of American Water Works by 114.3% in the 1st quarter. Groupama Asset Managment now owns 1,505,106 shares of the utilities provider’s stock worth $2,296,000 after buying an additional 802,639 shares during the last quarter. Nuveen LLC bought a new stake in shares of American Water Works in the 1st quarter worth approximately $103,053,000. Finally, BROOKFIELD Corp ON grew its position in shares of American Water Works by 2,486.6% in the 1st quarter. BROOKFIELD Corp ON now owns 571,080 shares of the utilities provider’s stock worth $84,246,000 after buying an additional 549,002 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors.

American Water Works Trading Down 1.0%

NYSE AWK opened at $141.09 on Thursday. 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 stock’s 50 day moving average is $140.91 and its 200 day moving average is $142.13. American Water Works Company, Inc. has a twelve month low of $118.74 and a twelve month high of $155.50. The firm has a market capitalization of $27.53 billion, a PE ratio of 25.42, a P/E/G ratio of 3.37 and a beta of 0.70.

American Water Works (NYSE:AWK) last released its earnings results on Wednesday, July 30th. The utilities provider reported $1.48 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.05). American Water Works had a return on equity of 10.34% and a net margin of 21.91%.The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the firm posted $1.42 earnings per share. The company’s revenue was up 11.1% compared to the same quarter last year. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. Research analysts forecast that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

American Water Works Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 12th were issued a $0.8275 dividend. This represents a $3.31 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, August 12th. American Water Works’s payout ratio is 59.64%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on AWK shares. UBS Group cut their price objective on 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. Argus lifted their price objective on American Water Works from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, August 14th. Weiss Ratings restated a “hold (c+)” rating on shares of American Water Works in a research report on Wednesday. Barclays dropped their price target on 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. Finally, Wells Fargo & Company dropped their price target on 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. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, American Water Works currently has a consensus rating of “Hold” and a consensus price target of $143.57.

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.