American Water Works Company, Inc. $AWK Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC reduced its stake in American Water Works Company, Inc. (NYSE:AWK) by 18.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 55,729 shares of the utilities provider’s stock after selling 12,645 shares during the quarter. Voya Investment Management LLC’s holdings in American Water Works were worth $7,757,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Mirador Capital Partners LP grew its position in American Water Works by 28.4% in the 2nd quarter. Mirador Capital Partners LP now owns 11,577 shares of the utilities provider’s stock valued at $1,610,000 after acquiring an additional 2,562 shares in the last quarter. LGT Fund Management Co Ltd. lifted its position in shares of American Water Works by 144.4% during the second quarter. LGT Fund Management Co Ltd. now owns 14,729 shares of the utilities provider’s stock worth $2,049,000 after purchasing an additional 8,703 shares in the last quarter. St. Johns Investment Management Company LLC boosted its stake in shares of American Water Works by 11.2% in the second quarter. St. Johns Investment Management Company LLC now owns 3,652 shares of the utilities provider’s stock valued at $508,000 after purchasing an additional 368 shares during the period. West Family Investments Inc. acquired a new position in shares of American Water Works in the second quarter valued at approximately $486,000. Finally, Grant Private Wealth Management Inc purchased a new stake in American Water Works during the 2nd quarter worth approximately $717,000. Institutional investors and hedge funds own 86.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company initiated coverage on shares of American Water Works in a report on Monday, October 27th. They set an “equal weight” rating and a $142.00 target price on the stock. TD Cowen initiated coverage on American Water Works in a research report on Thursday, October 16th. They set a “hold” rating and a $155.00 price objective on the stock. Barclays decreased their target price on American Water Works from $134.00 to $122.00 and set an “underweight” rating for the company in a report on Wednesday, December 17th. Jefferies Financial Group raised American Water Works from an “underperform” rating to a “hold” rating and boosted their target price for the stock from $114.00 to $124.00 in a research note on Wednesday, November 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of American Water Works in a report on Monday. One research analyst has rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $141.44.

American Water Works Price Performance

American Water Works stock opened at $130.73 on Wednesday. The company has a current ratio of 0.42, a quick ratio of 0.39 and a debt-to-equity ratio of 1.19. The company has a fifty day simple moving average of $132.58 and a 200-day simple moving average of $138.04. The stock has a market cap of $25.52 billion, a P/E ratio of 22.98, a price-to-earnings-growth ratio of 3.39 and a beta of 0.76. 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 earnings results on Wednesday, October 29th. The utilities provider reported $1.94 EPS for the quarter, beating the consensus estimate of $1.90 by $0.04. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.36 billion. American Water Works had a return on equity of 10.48% and a net margin of 21.93%.American Water Works’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.80 earnings per share. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS and its FY 2026 guidance at 6.020-6.120 EPS. Equities analysts expect that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 10th will be given a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, February 10th. American Water Works’s dividend payout ratio (DPR) is 58.17%.

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.