Bank of New York Mellon Corp Sells 29,744 Shares of American Water Works Company, Inc. $AWK

Bank of New York Mellon Corp cut its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 2.6% in the 4th quarter, HoldingsChannel reports. The firm owned 1,123,333 shares of the utilities provider’s stock after selling 29,744 shares during the period. Bank of New York Mellon Corp’s holdings in American Water Works were worth $146,595,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Salomon & Ludwin LLC lifted its holdings in shares of American Water Works by 71.7% in the 4th quarter. Salomon & Ludwin LLC now owns 194 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 81 shares during the last quarter. Midwest Capital Advisors LLC bought a new stake in shares of American Water Works in the 4th quarter worth approximately $39,000. Atlantic Union Bankshares Corp lifted its holdings in shares of American Water Works by 803.1% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 289 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 257 shares during the last quarter. Elevation Wealth Partners LLC bought a new stake in shares of American Water Works in the 4th quarter worth approximately $40,000. Finally, Clayton Financial Group LLC bought a new stake in shares of American Water Works in the 4th quarter worth approximately $40,000. 86.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AWK. 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 price target 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. Barclays upped their price target on shares of American Water Works from $122.00 to $124.00 and gave the company an “underweight” rating in a report on Monday, April 20th. Bank of America lowered their price target on shares of American Water Works from $147.00 to $134.00 and set a “neutral” rating for the company in a report on Thursday, May 21st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of American Water Works in a report on Friday, March 27th. Two 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $138.11.

American Water Works Stock Performance

Shares of AWK opened at $124.63 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.37 and a quick ratio of 0.34. American Water Works Company, Inc. has a one year low of $120.57 and a one year high of $147.87. The company has a 50-day simple moving average of $129.73 and a two-hundred day simple moving average of $130.83. The firm has a market capitalization of $24.34 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 2.70 and a beta of 0.62.

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 analysts’ consensus estimates of $1.10 by ($0.09). The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.17 billion. American Water Works had a return on equity of 10.20% and a net margin of 21.17%.The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.05 earnings per share. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. On average, analysts anticipate that American Water Works Company, Inc. will post 6.09 EPS for the current fiscal year.

American Water Works Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 12th were given a $0.895 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $3.58 dividend on an annualized basis and a dividend yield of 2.9%. This is a boost from American Water Works’s previous quarterly dividend of $0.83. American Water Works’s payout ratio is currently 63.48%.

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.