Thrivent Financial for Lutherans Sells 4,057 Shares of American Water Works Company, Inc. $AWK

Thrivent Financial for Lutherans cut its stake in American Water Works Company, Inc. (NYSE:AWK) by 4.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 79,155 shares of the utilities provider’s stock after selling 4,057 shares during the period. Thrivent Financial for Lutherans’ holdings in American Water Works were worth $11,012,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Obermeyer Wealth Partners grew its position in American Water Works by 3.4% in the second quarter. Obermeyer Wealth Partners now owns 2,280 shares of the utilities provider’s stock valued at $317,000 after acquiring an additional 76 shares during the period. Birchcreek Wealth Management LLC boosted its stake in shares of American Water Works by 5.4% in the 2nd quarter. Birchcreek Wealth Management LLC now owns 1,558 shares of the utilities provider’s stock valued at $217,000 after purchasing an additional 80 shares in the last quarter. Safe Harbor Fiduciary LLC grew its holdings in shares of American Water Works by 2.7% in the 2nd quarter. Safe Harbor Fiduciary LLC now owns 3,075 shares of the utilities provider’s stock worth $428,000 after purchasing an additional 81 shares during the last quarter. Cresset Asset Management LLC increased its position in shares of American Water Works by 1.5% during the 2nd quarter. Cresset Asset Management LLC now owns 5,865 shares of the utilities provider’s stock worth $816,000 after purchasing an additional 85 shares in the last quarter. Finally, Fortune Financial Advisors LLC lifted its holdings in American Water Works by 5.9% during the 2nd quarter. Fortune Financial Advisors LLC now owns 1,573 shares of the utilities provider’s stock valued at $219,000 after purchasing an additional 87 shares during the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Wells Fargo & Company started coverage on shares of American Water Works in a report on Monday, October 27th. They set an “equal weight” rating and a $142.00 price objective for the company. Cowen initiated coverage on American Water Works in a report on Wednesday, October 15th. They set a “hold” rating for the company. UBS Group set a $149.00 price objective on American Water Works in a research report on Wednesday. Jefferies Financial Group upgraded American Water Works from an “underperform” rating to a “hold” rating and increased their target price for the stock from $114.00 to $124.00 in a report on Wednesday, November 5th. Finally, Barclays cut their price target on American Water Works from $134.00 to $122.00 and set an “underweight” rating for the company in a report on Wednesday. One analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $141.44.

American Water Works Stock Up 1.0%

NYSE AWK opened at $134.02 on Thursday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.39 and a current ratio of 0.42. American Water Works Company, Inc. has a 52 week low of $118.74 and a 52 week high of $155.50. The stock has a market capitalization of $26.15 billion, a P/E ratio of 23.55, a price-to-earnings-growth ratio of 3.42 and a beta of 0.76. The stock has a fifty day moving average of $133.37 and a 200-day moving average of $138.31.

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, beating the consensus estimate of $1.90 by $0.04. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.36 billion. American Water Works had a return on equity of 10.48% and a net margin of 21.93%.The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.80 earnings per share. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS and its FY 2026 guidance at 6.020-6.120 EPS. On average, equities research analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 10th will be given a dividend of $0.8275 per share. The ex-dividend date is Tuesday, February 10th. This represents a $3.31 annualized dividend and a dividend yield of 2.5%. American Water Works’s payout ratio is currently 58.17%.

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.