The Manufacturers Life Insurance Company Sells 19,201 Shares of American Water Works Company, Inc. $AWK

The Manufacturers Life Insurance Company decreased its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 9.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 193,384 shares of the utilities provider’s stock after selling 19,201 shares during the period. The Manufacturers Life Insurance Company’s holdings in American Water Works were worth $26,318,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. KCM Investment Advisors LLC bought a new position in shares of American Water Works in the first quarter worth about $204,000. Glen Eagle Advisors LLC lifted its position in shares of American Water Works by 8.0% during the 1st quarter. Glen Eagle Advisors LLC now owns 2,061 shares of the utilities provider’s stock worth $281,000 after purchasing an additional 152 shares during the last quarter. Excelsior Advisor Network LLC bought a new stake in American Water Works during the 1st quarter valued at approximately $229,000. Quantinno Capital Management LP boosted its stake in American Water Works by 33.5% during the 1st quarter. Quantinno Capital Management LP now owns 190,730 shares of the utilities provider’s stock valued at $25,957,000 after purchasing an additional 47,913 shares during the period. Finally, Lazard Asset Management LLC bought a new stake in American Water Works during the 1st quarter valued at approximately $588,000. 86.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Truist Financial dropped 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, May 29th. Wells Fargo & Company set a $131.00 price objective on American Water Works in a research report on Tuesday, April 21st. UBS Group raised their price objective on shares of American Water Works from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Mizuho raised their price objective on shares of American Water Works from $130.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Bank of America reaffirmed a “neutral” rating on shares of American Water Works in a research report on Thursday, July 16th. Two equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $140.10.

American Water Works Stock Down 1.7%

NYSE AWK opened at $134.47 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.34 and a current ratio of 0.52. The firm has a 50-day simple moving average of $129.54 and a 200 day simple moving average of $131.04. American Water Works Company, Inc. has a twelve month low of $120.57 and a twelve month high of $147.87. The stock has a market cap of $26.72 billion, a PE ratio of 23.31, a PEG ratio of 2.77 and a beta of 0.61.

American Water Works (NYSE:AWK) last released its earnings results on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. American Water Works had a return on equity of 10.20% and a net margin of 21.35%.The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period last year, the business earned $1.48 earnings per share. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. On average, research analysts forecast that American Water Works Company, Inc. will post 6.09 EPS for the current year.

American Water Works Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be issued a dividend of $0.895 per share. This represents a $3.58 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, August 11th. American Water Works’s dividend payout ratio (DPR) is presently 62.05%.

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.