Rockefeller Capital Management L.P. Has $18.08 Million Stock Holdings in American Water Works Company, Inc. $AWK

Rockefeller Capital Management L.P. decreased its position in American Water Works Company, Inc. (NYSE:AWK) by 9.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 138,535 shares of the utilities provider’s stock after selling 14,647 shares during the period. Rockefeller Capital Management L.P. owned 0.07% of American Water Works worth $18,079,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AWK. Salomon & Ludwin LLC raised its holdings in American Water Works by 71.7% during the 4th quarter. Salomon & Ludwin LLC now owns 194 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 81 shares during the last quarter. Reflection Asset Management bought a new position in shares of American Water Works in the 4th quarter valued at about $25,000. Transamerica Financial Advisors LLC grew its position in shares of American Water Works by 82.6% during the 4th quarter. Transamerica Financial Advisors LLC now owns 199 shares of the utilities provider’s stock worth $26,000 after buying an additional 90 shares during the period. Nemes Rush Group LLC acquired a new stake in shares of American Water Works during the 4th quarter worth approximately $27,000. Finally, MV Capital Management Inc. bought a new stake in shares of American Water Works during the fourth quarter worth approximately $29,000. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Stock Up 1.5%

American Water Works stock opened at $126.77 on Wednesday. The firm has a market capitalization of $24.76 billion, a price-to-earnings ratio of 22.48, a PEG ratio of 2.71 and a beta of 0.62. The company’s 50 day simple moving average is $126.93 and its 200 day simple moving average is $130.43. 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 fifty-two week low of $120.57 and a fifty-two week high of $147.87.

American Water Works (NYSE:AWK) last issued its 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). The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.17 billion. American Water Works had a net margin of 21.17% and a return on equity of 10.20%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.05 EPS. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. As a group, sell-side analysts anticipate that American Water Works Company, Inc. will post 6.09 EPS for the current year.

American Water Works Increases Dividend

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

Analyst Ratings Changes

Several equities analysts recently weighed in on AWK shares. Wall Street Zen upgraded shares of American Water Works from a “strong sell” rating to a “sell” rating in a report on Sunday, April 26th. Truist Financial dropped 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 research report on Friday, May 29th. Barclays increased their price target on American Water Works from $122.00 to $124.00 and gave the company an “underweight” rating in a research note on Monday, April 20th. Weiss Ratings restated a “hold (c)” rating on shares of American Water Works in a research report on Friday, March 27th. Finally, Bank of America reduced their price target on American Water Works from $147.00 to $134.00 and set a “neutral” rating on the stock in a research report on Thursday, May 21st. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target 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.