DNB Asset Management AS Sells 3,764 Shares of American Water Works Company, Inc. $AWK

DNB Asset Management AS lessened its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 4.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 81,980 shares of the utilities provider’s stock after selling 3,764 shares during the quarter. DNB Asset Management AS’s holdings in American Water Works were worth $11,404,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AWK. Avantax Advisory Services Inc. grew its position in American Water Works by 1.4% during the 1st quarter. Avantax Advisory Services Inc. now owns 13,699 shares of the utilities provider’s stock worth $2,021,000 after acquiring an additional 190 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of American Water Works by 37.8% during the first quarter. Cetera Investment Advisers now owns 62,772 shares of the utilities provider’s stock valued at $9,260,000 after purchasing an additional 17,222 shares in the last quarter. Neo Ivy Capital Management bought a new stake in shares of American Water Works during the first quarter worth about $558,000. Stevens Capital Management LP acquired a new position in shares of American Water Works in the first quarter valued at approximately $309,000. Finally, HB Wealth Management LLC raised its holdings in American Water Works by 52.8% in the 1st quarter. HB Wealth Management LLC now owns 5,108 shares of the utilities provider’s stock valued at $754,000 after buying an additional 1,764 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AWK has been the topic of a number of research reports. Cowen initiated coverage on shares of American Water Works in a report on Wednesday, October 15th. They set a “hold” rating on the stock. Jefferies Financial Group raised shares of American Water Works from an “underperform” rating to a “hold” rating and boosted their price objective for the stock from $114.00 to $124.00 in a research note on Wednesday, November 5th. Weiss Ratings restated a “hold (c)” rating on shares of American Water Works in a report on Wednesday. Argus lifted their target price on American Water Works from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, August 14th. Finally, UBS Group decreased their price target on American Water Works from $156.00 to $151.00 and set a “neutral” rating for the company in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $143.00.

American Water Works Price Performance

AWK stock opened at $132.77 on Friday. The company has a quick ratio of 0.32, a current ratio of 0.35 and a debt-to-equity ratio of 1.15. The firm has a market cap of $25.91 billion, a price-to-earnings ratio of 23.33, a PEG ratio of 2.84 and a beta of 0.72. The company’s fifty day simple moving average is $135.72 and its 200 day simple moving average is $139.76. American Water Works Company, Inc. has a 12-month low of $118.74 and a 12-month high of $155.50.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.04. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.36 billion. American Water Works had a return on equity of 10.57% and a net margin of 21.93%.The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the company posted $1.80 EPS. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. FY 2026 guidance at 6.020-6.120 EPS. On average, analysts expect that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Thursday, November 13th will be given a dividend of $0.8275 per share. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $3.31 annualized dividend and a dividend yield of 2.5%. American Water Works’s dividend payout ratio (DPR) is 58.17%.

American Water Works Company Profile

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.5 million active customers. The company serves residential customers; commercial customers, including food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities, such as schools and universities; and other utilities and community water and wastewater systems.