Victory Capital Management Inc. Has $341.33 Million Stock Holdings in American Water Works Company, Inc. $AWK

Victory Capital Management Inc. lessened its holdings in American Water Works Company, Inc. (NYSE:AWK) by 4.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,615,518 shares of the utilities provider’s stock after selling 120,688 shares during the quarter. Victory Capital Management Inc.’s holdings in American Water Works were worth $341,325,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of AWK. Salomon & Ludwin LLC increased its holdings in shares of American Water Works by 71.7% during the fourth quarter. Salomon & Ludwin LLC now owns 194 shares of the utilities provider’s stock worth $25,000 after buying an additional 81 shares in the last quarter. Nemes Rush Group LLC acquired a new stake in shares of American Water Works during the fourth quarter worth approximately $27,000. Midwest Capital Advisors LLC acquired a new stake in shares of American Water Works during the fourth quarter worth approximately $39,000. Elevation Wealth Partners LLC acquired a new stake in shares of American Water Works during the fourth quarter worth approximately $40,000. Finally, Clayton Financial Group LLC acquired a new stake in shares of American Water Works during the fourth quarter worth approximately $40,000. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Trading Up 1.4%

AWK opened at $126.25 on Friday. The stock has a market capitalization of $24.65 billion, a P/E ratio of 22.38, a P/E/G ratio of 2.70 and a beta of 0.62. American Water Works Company, Inc. has a 12 month low of $120.57 and a 12 month high of $147.87. The firm’s fifty day simple moving average is $128.50 and its 200 day simple moving average is $130.65. The company has a current ratio of 0.37, a quick ratio of 0.34 and a debt-to-equity ratio of 1.16.

American Water Works (NYSE:AWK) last issued its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $1.01 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.09). American Water Works had a return on equity of 10.20% and a net margin of 21.17%.The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the firm earned $1.05 earnings per share. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. As a group, research analysts anticipate that American Water Works Company, Inc. will post 6.09 EPS for the current fiscal year.

American Water Works Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 12th were paid a $0.895 dividend. This is an increase from American Water Works’s previous quarterly dividend of $0.83. The ex-dividend date was Tuesday, May 12th. This represents a $3.58 dividend on an annualized basis and a yield of 2.8%. American Water Works’s dividend payout ratio (DPR) is currently 63.48%.

Analysts Set New Price Targets

Several analysts have recently weighed in on AWK shares. Wells Fargo & Company set a $131.00 price objective on shares of American Water Works in a report on Tuesday, April 21st. Truist Financial lowered their target price on shares of American Water Works from $137.00 to $130.00 and set a “hold” rating for the company in a report on Friday, May 29th. Wall Street Zen raised shares of American Water Works from a “strong sell” rating to a “sell” rating in a report on Sunday, April 26th. UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $137.00 to $140.00 in a report on Friday, May 29th. Finally, Barclays lifted their price target on shares of American Water Works from $122.00 to $124.00 and gave the stock an “underweight” rating in a research report on Monday, April 20th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $138.11.

American Water Works Profile

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.