Securian Asset Management Inc. Decreases Stake in American Water Works Company, Inc. $AWK

Securian Asset Management Inc. decreased its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 1.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 10,146 shares of the utilities provider’s stock after selling 146 shares during the quarter. Securian Asset Management Inc.’s holdings in American Water Works were worth $1,411,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in AWK. Oliver Lagore Vanvalin Investment Group purchased a new stake in American Water Works during the second quarter worth approximately $28,000. Concord Wealth Partners purchased a new stake in American Water Works during the second quarter worth approximately $28,000. Cloud Capital Management LLC purchased a new stake in American Water Works during the first quarter worth approximately $29,000. WPG Advisers LLC purchased a new stake in American Water Works during the first quarter worth approximately $29,000. Finally, Flaharty Asset Management LLC purchased a new stake in American Water Works during the first quarter worth approximately $30,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Trading Down 0.3%

NYSE:AWK opened at $143.71 on Thursday. The firm has a market cap of $28.04 billion, a P/E ratio of 25.89, a PEG ratio of 3.46 and a beta of 0.70. 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’s 50 day simple moving average is $140.72 and its 200-day simple moving average is $141.98. American Water Works Company, Inc. has a 12-month low of $118.74 and a 12-month high of $155.50.

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

American Water Works Dividend Announcement

The company 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. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $3.31 annualized dividend and a yield of 2.3%. American Water Works’s dividend payout ratio is 59.64%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on AWK shares. Cowen started coverage on American Water Works in a research note on Wednesday, October 15th. They set a “hold” rating for the company. Mizuho lifted their price target on American Water Works from $148.00 to $149.00 and gave the stock a “neutral” rating in a research report on Friday, August 1st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of American Water Works in a research report on Wednesday, October 8th. Argus lifted their price target 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. Finally, UBS Group cut their price target 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. One investment analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $145.75.

American Water Works Company 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.