Wilmington Savings Fund Society FSB Trims Stake in American Water Works Company, Inc. $AWK

Wilmington Savings Fund Society FSB reduced its position in American Water Works Company, Inc. (NYSE:AWK) by 2.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 52,950 shares of the utilities provider’s stock after selling 1,378 shares during the period. Wilmington Savings Fund Society FSB’s holdings in American Water Works were worth $7,366,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AWK. Price T Rowe Associates Inc. MD increased its position in 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 valued at $546,562,000 after acquiring an additional 3,327,352 shares during the period. Pictet Asset Management Holding SA increased its position in 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 valued at $668,566,000 after acquiring an additional 878,951 shares during the period. Groupama Asset Managment increased its position in 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 valued at $2,296,000 after acquiring an additional 802,639 shares during the period. Nuveen LLC acquired a new position in American Water Works in the 1st quarter valued at about $103,053,000. Finally, BROOKFIELD Corp ON increased its position in 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 valued at $84,246,000 after acquiring an additional 549,002 shares during the period. Institutional investors and hedge funds own 86.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Argus boosted their target price 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. Wells Fargo & Company dropped their target price 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of American Water Works in a research report on Wednesday, October 8th. Mizuho boosted their target price 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. Finally, Barclays dropped their target price 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. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, American Water Works presently has an average rating of “Hold” and a consensus target price of $143.57.

American Water Works Stock Performance

AWK opened at $141.54 on Wednesday. The stock has a market cap of $27.61 billion, a P/E ratio of 25.50, a P/E/G ratio of 3.35 and a beta of 0.70. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.35 and a quick ratio of 0.32. The stock’s 50 day simple moving average is $140.72 and its 200 day simple moving average is $142.11. American Water Works Company, Inc. has a 1-year low of $118.74 and a 1-year high of $155.50.

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

American Water Works Announces Dividend

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 dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Tuesday, August 12th. American Water Works’s dividend payout ratio is 59.64%.

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.