Keybank National Association OH Cuts Stock Position in American Water Works Company, Inc. $AWK

Keybank National Association OH cut its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 3.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 228,352 shares of the utilities provider’s stock after selling 8,333 shares during the quarter. Keybank National Association OH’s holdings in American Water Works were worth $31,076,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Mitchell & Pahl Private Wealth LLC boosted its stake in American Water Works by 13.1% in the first quarter. Mitchell & Pahl Private Wealth LLC now owns 13,942 shares of the utilities provider’s stock worth $1,897,000 after buying an additional 1,614 shares in the last quarter. Root Financial Partners LLC raised its stake in shares of American Water Works by 38.6% during the first quarter. Root Financial Partners LLC now owns 650 shares of the utilities provider’s stock worth $88,000 after acquiring an additional 181 shares in the last quarter. TSP Capital Management Group LLC raised its stake in shares of American Water Works by 378.7% during the first quarter. TSP Capital Management Group LLC now owns 57,210 shares of the utilities provider’s stock worth $7,786,000 after acquiring an additional 45,260 shares in the last quarter. USS Investment Management Ltd lifted its holdings in shares of American Water Works by 4.0% in the 1st quarter. USS Investment Management Ltd now owns 50,200 shares of the utilities provider’s stock worth $6,829,000 after acquiring an additional 1,921 shares during the last quarter. Finally, Patton Fund Management Inc. boosted its stake in shares of American Water Works by 10.0% in the 1st quarter. Patton Fund Management Inc. now owns 1,867 shares of the utilities provider’s stock valued at $254,000 after purchasing an additional 169 shares in the last quarter. 86.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AWK has been the topic of several recent research reports. Bank of America reduced their target price on shares of American Water Works from $147.00 to $134.00 and set a “neutral” rating on the stock in a report on Thursday, May 21st. Weiss Ratings reissued a “hold (c)” rating on shares of American Water Works in a research note on Wednesday, June 24th. Wall Street Zen upgraded shares of American Water Works from a “strong sell” rating to a “sell” rating in a research report on Sunday, April 26th. UBS Group raised their price objective on American Water Works from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Wells Fargo & Company set a $131.00 price objective on American Water Works in a report on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, American Water Works currently has a consensus rating of “Hold” and an average price target of $139.22.

American Water Works Stock Performance

NYSE:AWK opened at $136.56 on Friday. The firm has a market cap of $26.67 billion, a PE ratio of 24.21, a price-to-earnings-growth ratio of 2.97 and a beta of 0.61. American Water Works Company, Inc. has a fifty-two week low of $120.57 and a fifty-two week high of $147.87. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.34 and a current ratio of 0.37. The business has a 50 day moving average price of $127.02 and a 200-day moving average price of $130.61.

American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, April 29th. The utilities provider reported $1.01 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.09). American Water Works had a return on equity of 10.20% and a net margin of 21.17%.The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the previous year, the firm earned $1.05 earnings per share. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. Equities research analysts predict that American Water Works Company, Inc. will post 6.08 earnings per share for the current year.

American Water Works Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 12th were issued a $0.895 dividend. This is a boost from American Water Works’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $3.58 dividend on an annualized basis and a yield of 2.6%. American Water Works’s payout ratio is 63.48%.

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.