Scotia Capital Inc. Sells 2,765 Shares of American Water Works Company, Inc. $AWK

Scotia Capital Inc. cut its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 8.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,472 shares of the utilities provider’s stock after selling 2,765 shares during the period. Scotia Capital Inc.’s holdings in American Water Works were worth $3,961,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Level Four Advisory Services LLC lifted its holdings in American Water Works by 3.3% during the 2nd quarter. Level Four Advisory Services LLC now owns 39,185 shares of the utilities provider’s stock worth $5,451,000 after purchasing an additional 1,259 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in American Water Works by 17.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,123 shares of the utilities provider’s stock valued at $1,130,000 after buying an additional 1,210 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in American Water Works by 0.8% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 184,886 shares of the utilities provider’s stock worth $25,719,000 after buying an additional 1,540 shares during the period. Korea Investment CORP lifted its holdings in shares of American Water Works by 27.2% during the second quarter. Korea Investment CORP now owns 53,868 shares of the utilities provider’s stock worth $7,494,000 after buying an additional 11,530 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of American Water Works during the second quarter worth $29,000. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Price Performance

Shares of NYSE:AWK opened at $130.18 on Friday. The firm has a 50 day moving average of $135.15 and a 200-day moving average of $139.33. American Water Works Company, Inc. has a 12 month low of $118.74 and a 12 month high of $155.50. The company has a current ratio of 0.35, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $25.40 billion, a PE ratio of 22.88, a PEG ratio of 2.84 and a beta of 0.72.

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

American Water Works Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Thursday, November 13th will be paid a $0.8275 dividend. The ex-dividend date 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 presently 58.17%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. TD Cowen began coverage on shares of American Water Works in a research note on Thursday, October 16th. They issued a “hold” rating and a $155.00 price target on the stock. Argus boosted their price objective on shares of American Water Works from $155.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, August 14th. Mizuho set a $145.00 target price on shares of American Water Works in a report on Tuesday, October 28th. Cowen initiated coverage on shares of American Water Works in a research report on Wednesday, October 15th. They issued a “hold” rating for the company. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of American Water Works in a research report on Tuesday. One equities research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, American Water Works presently has an average rating of “Hold” and a consensus price target of $143.00.

About American Water Works

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.