American Water Works Company, Inc. $AWK Stock Sold by Keybank National Association OH

Keybank National Association OH reduced its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 1.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 215,288 shares of the utilities provider’s stock after selling 3,955 shares during the quarter. Keybank National Association OH’s holdings in American Water Works were worth $28,109,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. bought a new stake in American Water Works in the 2nd quarter valued at $2,712,173,000. Wellington Management Group LLP lifted its holdings in American Water Works by 35.2% during the 2nd quarter. Wellington Management Group LLP now owns 14,911,963 shares of the utilities provider’s stock valued at $1,962,116,000 after purchasing an additional 3,883,057 shares during the last quarter. GQG Partners LLC acquired a new stake in American Water Works during the 2nd quarter valued at $1,171,477,000. Amundi lifted its holdings in American Water Works by 4.3% during the 1st quarter. Amundi now owns 4,351,056 shares of the utilities provider’s stock valued at $592,081,000 after purchasing an additional 179,127 shares during the last quarter. Finally, Legal & General Group Plc acquired a new stake in American Water Works during the 2nd quarter valued at $443,787,000. 86.58% of the stock is owned by institutional investors and hedge funds.

American Water Works Trading Down 0.6%

Shares of NYSE:AWK opened at $149.48 on Thursday. American Water Works Company, Inc. has a 12-month low of $120.57 and a 12-month high of $153.69. The business has a 50 day moving average of $137.44 and a 200-day moving average of $133.15. The company has a quick ratio of 0.36, a current ratio of 0.39 and a debt-to-equity ratio of 1.17. The stock has a market cap of $29.76 billion, a PE ratio of 25.91, a P/E/G ratio of 3.06 and a beta of 0.56.

American Water Works (NYSE:AWK) last announced its earnings results on Wednesday, October 28th. The utilities provider reported $2.00 earnings per share for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.04). The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.58 billion. American Water Works had a return on equity of 10.14% and a net margin of 21.26%. American Water Works’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the business posted $1.94 EPS. As a group, equities research analysts forecast that American Water Works Company, Inc. will post 6.09 earnings per share for the current year.

American Water Works Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Thursday, November 12th will be paid a $0.8950 dividend. The ex-dividend date is Thursday, November 12th. This represents a $3.58 annualized dividend and a yield of 2.4%. American Water Works’s payout ratio is 62.05%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Bank of America reaffirmed a “neutral” rating on shares of American Water Works in a research report on Thursday, July 16th. Truist Financial set a $139.00 price objective on shares of American Water Works in a research report on Tuesday, August 4th. Argus increased their price objective on shares of American Water Works from $155.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday. Mizuho set a $149.00 target price on shares of American Water Works in a research note on Friday, October 30th. Finally, Huntington downgraded shares of American Water Works from an “outperform” rating to a “market perform” rating in a report on Thursday, November 5th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $144.12.

Key Headlines Impacting American Water Works

Here are a few of the latest headlines about AWK:

• Positive Sentiment: Argus raised its price target on AWK to $165 from $155 and reiterated a “buy” rating. The higher target signals improved analyst optimism and implies about 10.4% upside from the cited $149.48 share price. Argus rating information
• Neutral Sentiment: American Water launched a redesigned customer website intended to simplify access to services and support. The improvement may benefit customer experience, but no financial impact was disclosed. American Water digital experience announcement
• Neutral Sentiment: West Virginia American Water announced a $165,000 infrastructure upgrade, while Virginia and Maryland subsidiaries shared water-service tips. These local operating updates are small or informational and are unlikely to move the parent company’s stock materially. West Virginia infrastructure project Virginia water-service tips Maryland water-service tips

American Water Works Profile

American Water Works Company, Inc. is a U.S. water and wastewater utility that provides services to residential, commercial, industrial, and public-sector customers. Its operations include treating and distributing drinking water, collecting and treating wastewater, and maintaining the infrastructure needed to deliver those services. The company operates regulated water and wastewater utilities across multiple states, serving communities in regions including the Northeast, Midwest, and South. Through contracted operations, it also provides water and wastewater services to certain military installations and municipal customers.