American Water Works Company, Inc. $AWK Shares Sold by ABN AMRO Bank N.V.

ABN AMRO Bank N.V. lowered its holdings in American Water Works Company, Inc. (NYSE:AWK) by 62.7% during the first quarter, HoldingsChannel.com reports. The fund owned 55,700 shares of the utilities provider’s stock after selling 93,643 shares during the period. ABN AMRO Bank N.V.’s holdings in American Water Works were worth $7,646,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. State Street Corp lifted its holdings in shares of American Water Works by 4.2% in the 4th quarter. State Street Corp now owns 12,037,823 shares of the utilities provider’s stock worth $1,570,936,000 after purchasing an additional 486,090 shares during the last quarter. Wellington Management Group LLP increased its position in American Water Works by 3,274.6% in the fourth quarter. Wellington Management Group LLP now owns 7,092,757 shares of the utilities provider’s stock worth $925,605,000 after buying an additional 6,882,575 shares during the period. GQG Partners LLC increased its position in American Water Works by 64.2% in the fourth quarter. GQG Partners LLC now owns 6,493,161 shares of the utilities provider’s stock worth $847,361,000 after buying an additional 2,539,683 shares during the period. Geode Capital Management LLC lifted its stake in American Water Works by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 5,039,122 shares of the utilities provider’s stock valued at $655,025,000 after buying an additional 33,359 shares during the last quarter. Finally, Amundi lifted its stake in American Water Works by 7.1% in the fourth quarter. Amundi now owns 4,171,929 shares of the utilities provider’s stock valued at $544,420,000 after buying an additional 275,511 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Stock Up 1.8%

Shares of American Water Works stock opened at $132.34 on Friday. American Water Works Company, Inc. has a 1 year low of $120.57 and a 1 year high of $147.87. The company has a market cap of $25.84 billion, a P/E ratio of 23.46, a P/E/G ratio of 2.88 and a beta of 0.62. The company has a current ratio of 0.37, a quick ratio of 0.34 and a debt-to-equity ratio of 1.16. The stock has a 50-day moving average price of $126.81 and a 200 day moving average price of $130.46.

American Water Works (NYSE:AWK) last released its earnings results on Wednesday, April 29th. The utilities provider reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.09). American Water Works had a net margin of 21.17% and a return on equity of 10.20%. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the firm earned $1.05 EPS. The company’s 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, analysts expect that American Water Works Company, Inc. will post 6.08 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. Stockholders of record on Tuesday, May 12th were paid a $0.895 dividend. This represents a $3.58 dividend on an annualized basis and a dividend yield of 2.7%. This is a boost from American Water Works’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend was Tuesday, May 12th. American Water Works’s dividend payout ratio (DPR) is currently 63.48%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Wall Street Zen raised American Water Works from a “strong sell” rating to a “sell” rating in a research note on Sunday, April 26th. Wells Fargo & Company set a $131.00 price target on American Water Works in a research note on Tuesday, April 21st. Truist Financial lowered their price target on American Water Works from $137.00 to $130.00 and set a “hold” rating on the stock in a report on Friday, May 29th. Weiss Ratings restated a “hold (c)” rating on shares of American Water Works in a research note on Wednesday. Finally, Barclays increased their target price on shares of American Water Works from $122.00 to $124.00 and gave the company an “underweight” rating in a research report on Monday, April 20th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $138.11.

American Water Works Company 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.