Intech Investment Management LLC Lowers Stock Holdings in American Water Works Company, Inc. $AWK

Intech Investment Management LLC trimmed its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 59.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 9,603 shares of the utilities provider’s stock after selling 14,193 shares during the period. Intech Investment Management LLC’s holdings in American Water Works were worth $1,253,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Salomon & Ludwin LLC lifted its holdings in shares of American Water Works by 71.7% during the fourth quarter. Salomon & Ludwin LLC now owns 194 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 81 shares during the last quarter. Atlantic Union Bankshares Corp lifted its holdings in shares of American Water Works by 803.1% during the third quarter. Atlantic Union Bankshares Corp now owns 289 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 257 shares during the last quarter. Midwest Capital Advisors LLC purchased a new position in shares of American Water Works during the fourth quarter valued at approximately $39,000. Elevation Wealth Partners LLC purchased a new position in shares of American Water Works during the fourth quarter valued at approximately $40,000. Finally, Clayton Financial Group LLC purchased a new position in shares of American Water Works during the fourth quarter valued at approximately $40,000. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

American Water Works Price Performance

Shares of AWK opened at $124.63 on Friday. The company has a market capitalization of $24.34 billion, a P/E ratio of 22.10, a price-to-earnings-growth ratio of 2.65 and a beta of 0.62. The company has a quick ratio of 0.34, a current ratio of 0.37 and a debt-to-equity ratio of 1.16. The firm has a 50 day moving average of $129.73 and a 200 day moving average of $130.83. American Water Works Company, Inc. has a twelve month low of $120.57 and a twelve month high of $147.87.

American Water Works (NYSE:AWK) last announced its quarterly 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). The firm had revenue of $1.21 billion for 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%. American Water Works’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the business earned $1.05 EPS. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. As a group, equities research analysts anticipate that American Water Works Company, Inc. will post 6.09 earnings per share for the current fiscal year.

American Water Works Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 12th were given a dividend of $0.895 per share. 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. The ex-dividend date of this dividend was Tuesday, May 12th. American Water Works’s payout ratio is 63.48%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. 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. Wells Fargo & Company set a $131.00 target price on shares of American Water Works in a report on Tuesday, April 21st. Truist Financial lowered 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 report on Friday, May 29th. Bank of America lowered their target price 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 equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $138.11.

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.