American Water Works Company, Inc. $AWK Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC cut its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 62.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,300 shares of the utilities provider’s stock after selling 111,900 shares during the period. Renaissance Technologies LLC’s holdings in American Water Works were worth $9,295,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Salomon & Ludwin LLC raised its position in American Water Works by 71.7% in the 4th quarter. Salomon & Ludwin LLC now owns 194 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 81 shares in the last quarter. Reflection Asset Management acquired a new stake in shares of American Water Works in the 4th quarter valued at about $25,000. Transamerica Financial Advisors LLC raised its holdings in shares of American Water Works by 82.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 199 shares of the utilities provider’s stock valued at $26,000 after buying an additional 90 shares during the last quarter. Nemes Rush Group LLC acquired a new stake in American Water Works during the 4th quarter worth approximately $27,000. Finally, Ascentis Independent Advisors purchased a new position in American Water Works in the 1st quarter valued at $27,000. 86.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AWK has been the subject of a number of recent analyst reports. Truist Financial reduced their price objective 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. JPMorgan Chase & Co. increased their price objective on shares of American Water Works from $138.00 to $147.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Wall Street Zen raised American Water Works from a “strong sell” rating to a “sell” rating in a research report on Monday. Wells Fargo & Company set a $131.00 price objective on shares of American Water Works in a research note on Tuesday, April 21st. Finally, Barclays increased their target price on American Water Works from $124.00 to $130.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 15th. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, American Water Works presently has a consensus rating of “Hold” and an average target price of $140.10.

American Water Works Stock Performance

American Water Works stock opened at $134.47 on Monday. American Water Works Company, Inc. has a 52 week low of $120.57 and a 52 week high of $147.87. The company has a current ratio of 0.52, a quick ratio of 0.49 and a debt-to-equity ratio of 1.20. The stock has a market cap of $26.72 billion, a P/E ratio of 23.31, a price-to-earnings-growth ratio of 2.71 and a beta of 0.61. The stock has a 50 day moving average of $129.54 and a 200-day moving average of $131.04.

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 the consensus estimate of $1.53 by $0.08. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. American Water Works had a net margin of 21.35% and a return on equity of 10.20%. The company’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.48 EPS. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. On average, analysts expect that American Water Works Company, Inc. will post 6.09 EPS for the current fiscal year.

American Water Works Announces Dividend

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