Bank of New York Mellon Corp Lowers Holdings in American Water Works Company, Inc. $AWK

Bank of New York Mellon Corp cut its position in American Water Works Company, Inc. (NYSE:AWK) by 1.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 1,111,374 shares of the utilities provider’s stock after selling 11,959 shares during the quarter. Bank of New York Mellon Corp’s holdings in American Water Works were worth $151,247,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of AWK. Nordea Investment Management AB boosted its position in American Water Works by 2.2% during the 4th quarter. Nordea Investment Management AB now owns 2,219,816 shares of the utilities provider’s stock valued at $290,729,000 after buying an additional 47,977 shares during the period. Aberdeen Group plc increased its holdings in American Water Works by 10.7% during the 4th quarter. Aberdeen Group plc now owns 489,371 shares of the utilities provider’s stock valued at $63,863,000 after purchasing an additional 47,352 shares during the period. Louisiana State Employees Retirement System purchased a new position in shares of American Water Works during the first quarter valued at approximately $1,347,000. TSP Capital Management Group LLC bought a new position in shares of American Water Works during the fourth quarter valued at approximately $1,559,000. Finally, Cbre Investment Management Listed Real Assets LLC lifted its stake in American Water Works by 82.7% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 21,430 shares of the utilities provider’s stock worth $2,797,000 after acquiring an additional 9,698 shares during the period. 86.58% of the stock is owned by institutional investors.

American Water Works Price Performance

Shares of NYSE AWK opened at $135.08 on Monday. American Water Works Company, Inc. has a twelve month low of $120.57 and a twelve month high of $147.87. The firm has a market cap of $26.38 billion, a P/E ratio of 23.95, a PEG ratio of 2.73 and a beta of 0.61. The company has a 50 day moving average of $127.56 and a 200 day moving average of $130.64. The company has a quick ratio of 0.34, a current ratio of 0.37 and a debt-to-equity ratio of 1.16.

American Water Works (NYSE:AWK) last announced its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $1.17 billion. During the same period in the previous year, the company earned $1.05 earnings per share. The company’s revenue for the quarter 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 expect 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 announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 12th were paid a dividend of $0.895 per share. The ex-dividend date was Tuesday, May 12th. This represents a $3.58 annualized dividend and a yield of 2.7%. This is an increase from American Water Works’s previous quarterly dividend of $0.83. American Water Works’s dividend payout ratio (DPR) is currently 63.48%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. UBS Group raised their target price on American Water Works from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Water Works in a research note on Wednesday, June 24th. Wells Fargo & Company set a $131.00 price objective on American Water Works in a report on Tuesday, April 21st. Wall Street Zen raised American Water Works from a “strong sell” rating to a “sell” rating in a research report on Saturday. Finally, Bank of America restated a “neutral” rating on shares of American Water Works in a report on Thursday. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $140.60.

About American Water Works

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.