Confluence Investment Management LLC Sells 29,649 Shares of American Water Works Company, Inc. $AWK

Confluence Investment Management LLC lessened its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 3.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 780,309 shares of the utilities provider’s stock after selling 29,649 shares during the period. American Water Works accounts for about 1.6% of Confluence Investment Management LLC’s investment portfolio, making the stock its 24th biggest holding. Confluence Investment Management LLC’s holdings in American Water Works were worth $102,673,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of the company. Reflection Asset Management bought a new position in American Water Works in the fourth quarter worth approximately $25,000. Salomon & Ludwin LLC lifted its holdings in shares of American Water Works by 71.7% in the 4th quarter. Salomon & Ludwin LLC now owns 194 shares of the utilities provider’s stock worth $25,000 after buying an additional 81 shares during the period. Ascentis Independent Advisors purchased a new stake in shares of American Water Works in the 1st quarter worth $27,000. Transamerica Financial Advisors LLC grew its position in shares of American Water Works by 82.6% during the 4th quarter. Transamerica Financial Advisors LLC now owns 199 shares of the utilities provider’s stock worth $26,000 after buying an additional 90 shares in the last quarter. Finally, Nemes Rush Group LLC purchased a new position in shares of American Water Works during the fourth quarter valued at $27,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Stock Down 2.3%

Shares of American Water Works stock opened at $131.09 on Tuesday. The company has a quick ratio of 0.49, a current ratio of 0.52 and a debt-to-equity ratio of 1.20. The company has a market cap of $26.05 billion, a P/E ratio of 22.72, a PEG ratio of 2.71 and a beta of 0.60. The firm’s 50 day moving average price is $129.65 and its 200-day moving average price is $131.04. American Water Works Company, Inc. has a 52-week low of $120.57 and a 52-week high of $147.87.

American Water Works (NYSE:AWK) last posted its earnings results on Wednesday, July 29th. The utilities provider reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. American Water Works had a net margin of 21.35% and a return on equity of 10.20%. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the prior year, the company posted $1.48 earnings per share. American Water Works’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, sell-side analysts predict 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 disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be given a $0.895 dividend. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $3.58 dividend on an annualized basis and a dividend yield of 2.7%. American Water Works’s dividend payout ratio (DPR) is presently 62.05%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on AWK shares. Truist Financial lowered 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 note on Friday, May 29th. Bank of America reissued a “neutral” rating on shares of American Water Works in a research report on Thursday, July 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Water Works in a research report on Wednesday, June 24th. Mizuho increased their price objective on shares of American Water Works from $130.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Wall Street Zen raised shares of American Water Works from a “strong sell” rating to a “sell” rating in a report on Monday. Two equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, American Water Works presently has a consensus rating of “Hold” and an average price target of $140.10.

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.