7,277 Shares in American Water Works Company, Inc. $AWK Acquired by Canandaigua National Trust Co of Florida

Canandaigua National Trust Co of Florida purchased a new position in shares of American Water Works Company, Inc. (NYSE:AWK) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 7,277 shares of the utilities provider’s stock, valued at approximately $942,000.

A number of other institutional investors also recently made changes to their positions in AWK. Louisiana State Employees Retirement System purchased a new position in American Water Works in the 1st quarter worth $1,347,000. Jericho Financial LLP purchased a new stake in American Water Works during the second quarter valued at about $3,506,000. Wealthfront Advisers LLC purchased a new stake in American Water Works during the second quarter valued at about $11,899,000. Erste Asset Management GmbH grew its stake in shares of American Water Works by 25.9% during the fourth quarter. Erste Asset Management GmbH now owns 69,893 shares of the utilities provider’s stock valued at $9,142,000 after buying an additional 14,363 shares during the last quarter. Finally, Bank of Nova Scotia bought a new position in shares of American Water Works during the second quarter valued at about $3,092,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AWK. Wall Street Zen upgraded American Water Works from a “strong sell” rating to a “sell” rating in a report on Monday, August 3rd. UBS Group increased their target price on American Water Works from $156.00 to $162.00 and gave the company a “buy” rating in a report on Thursday, September 10th. Truist Financial set a $139.00 price target on American Water Works in a research report on Tuesday, August 4th. Mizuho lifted their price target on American Water Works from $130.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. Finally, Bank of America reiterated a “neutral” rating on shares of American Water Works in a research report on Thursday, July 16th. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, American Water Works currently has a consensus rating of “Hold” and an average price target of $140.11.

American Water Works Trading Down 0.5%

Shares of American Water Works stock traded down $0.68 during trading on Wednesday, reaching $127.36. 2,353,768 shares of the stock were exchanged, compared to its average volume of 2,008,538. 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 stock’s fifty day moving average is $135.60 and its 200 day moving average is $132.23. The firm has a market cap of $25.31 billion, a price-to-earnings ratio of 22.07, a price-to-earnings-growth ratio of 2.60 and a beta of 0.58. American Water Works Company, Inc. has a 1 year low of $120.57 and a 1 year high of $145.64.

American Water Works (NYSE:AWK) last posted its earnings results on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same period last year, the firm earned $1.48 earnings per share. American Water Works’s quarterly revenue was up 6.2% on a year-over-year basis. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. As a group, equities research analysts expect that American Water Works Company, Inc. will post 6.09 earnings per share for the current fiscal year.

American Water Works Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th were given a $0.8950 dividend. This represents a $3.58 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Tuesday, August 11th. American Water Works’s dividend payout ratio (DPR) is currently 62.05%.

American Water Works Profile

American Water Works Company, Inc is a public water and wastewater utility that provides essential services to residential, commercial, industrial, and governmental customers in the United States. Through its regulated operations, the company collects, treats, distributes, and manages drinking water, as well as collects and treats wastewater.

The company also provides services through businesses that support utilities, municipalities, military installations, and other public-sector customers.