Reaves W H & Co. Inc. Sells 275,000 Shares of American Water Works Company, Inc. $AWK

Reaves W H & Co. Inc. decreased its position in American Water Works Company, Inc. (NYSE:AWK) by 97.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 6,145 shares of the utilities provider’s stock after selling 275,000 shares during the period. Reaves W H & Co. Inc.’s holdings in American Water Works were worth $802,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Nordea Investment Management AB increased its position in shares of 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 worth $290,729,000 after purchasing an additional 47,977 shares during the last quarter. Wesbanco Bank Inc. increased its position in shares of American Water Works by 5.6% during the 3rd quarter. Wesbanco Bank Inc. now owns 85,976 shares of the utilities provider’s stock worth $11,967,000 after purchasing an additional 4,553 shares during the last quarter. Aberdeen Group plc increased its position in shares of American Water Works by 10.7% during the 4th quarter. Aberdeen Group plc now owns 489,371 shares of the utilities provider’s stock worth $63,863,000 after purchasing an additional 47,352 shares during the last quarter. TSP Capital Management Group LLC acquired a new position in shares of American Water Works during the 4th quarter worth approximately $1,559,000. Finally, Country Trust Bank increased its position in shares of American Water Works by 6.8% during the 4th quarter. Country Trust Bank now owns 178,599 shares of the utilities provider’s stock worth $23,307,000 after purchasing an additional 11,401 shares during the last quarter. Institutional investors own 86.58% of the company’s stock.

American Water Works Price Performance

Shares of AWK stock opened at $123.29 on Monday. 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 Company, Inc. has a twelve month low of $121.28 and a twelve month high of $147.87. The company has a market cap of $24.08 billion, a P/E ratio of 21.86, a P/E/G ratio of 2.67 and a beta of 0.62. The business has a fifty day simple moving average of $130.96 and a 200 day simple moving average of $131.10.

American Water Works (NYSE:AWK) last announced its quarterly earnings data 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 return on equity of 10.20% and a net margin of 21.17%.The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the company earned $1.05 earnings per share. American Water Works’s quarterly 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. On average, sell-side analysts forecast 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 disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Tuesday, May 12th will be given a dividend of $0.895 per share. The ex-dividend date is Tuesday, May 12th. This represents a $3.58 annualized dividend and a dividend yield of 2.9%. 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 Upgrades and Downgrades

AWK has been the topic of several recent analyst reports. 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 research report on Friday. Bank of America lowered 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. Wall Street Zen raised American Water Works from a “strong sell” rating to a “sell” rating in a report on Sunday, April 26th. Weiss Ratings reissued a “hold (c)” rating on shares of American Water Works in a report on Friday, March 27th. Finally, UBS Group upgraded American Water Works from a “neutral” rating to a “buy” rating and upped their target price for the company from $137.00 to $140.00 in a research report on Friday. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $138.11.

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.