12,720 Shares in American Water Works Company, Inc. $AWK Bought by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. bought a new stake in American Water Works Company, Inc. (NYSE:AWK) in the second quarter, Holdings Channel reports. The institutional investor bought 12,720 shares of the utilities provider’s stock, valued at approximately $1,674,000.

Other hedge funds have also made changes to their positions in the company. Cbre Investment Management Listed Real Assets LLC lifted its position in American Water Works by 82.7% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 21,430 shares of the utilities provider’s stock valued at $2,797,000 after buying an additional 9,698 shares in the last quarter. TSP Capital Management Group LLC acquired a new stake in shares of American Water Works in the fourth quarter worth $1,559,000. Louisiana State Employees Retirement System purchased a new position in shares of American Water Works in the 1st quarter valued at $1,347,000. KBC Group NV lifted its holdings in shares of American Water Works by 84.0% during the 4th quarter. KBC Group NV now owns 553,066 shares of the utilities provider’s stock valued at $72,175,000 after acquiring an additional 252,459 shares in the last quarter. Finally, Generali Asset Management SPA SGR lifted its holdings in shares of American Water Works by 73.8% during the 4th quarter. Generali Asset Management SPA SGR now owns 25,338 shares of the utilities provider’s stock valued at $3,307,000 after acquiring an additional 10,760 shares in the last quarter. Institutional investors and hedge funds own 86.58% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Barclays increased their price target on American Water Works from $124.00 to $130.00 and gave the company an “underweight” rating in a report on Wednesday, July 15th. JPMorgan Chase & Co. upped their target price on American Water Works from $138.00 to $147.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Wells Fargo & Company set a $131.00 target price on American Water Works in a research note on Tuesday, April 21st. Bank of America reiterated a “neutral” rating on shares of American Water Works in a report on Thursday, July 16th. Finally, Wall Street Zen upgraded American Water Works from a “strong sell” rating to a “sell” rating in a report on Monday. Two equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, American Water Works has a consensus rating of “Hold” and a consensus price target of $140.90.

American Water Works Stock Up 0.2%

Shares of American Water Works stock opened at $134.21 on Thursday. The business has a 50-day moving average of $130.06 and a 200-day moving average of $131.06. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.52 and a quick ratio of 0.49. The company has a market capitalization of $26.67 billion, a PE ratio of 23.26, a P/E/G ratio of 2.71 and a beta of 0.60. American Water Works Company, Inc. has a 1-year low of $120.57 and a 1-year high of $147.87.

American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.61 EPS for the quarter, topping the consensus estimate of $1.53 by $0.08. The business had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.33 billion. American Water Works had a return on equity of 10.20% and a net margin of 21.35%.The company’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.48 earnings per share. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. As a group, equities analysts forecast that American Water Works Company, Inc. will post 6.09 EPS for the current fiscal year.

American Water Works Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be paid a dividend of $0.895 per share. This represents a $3.58 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Tuesday, August 11th. American Water Works’s dividend payout ratio is 62.05%.

American Water Works Company Profile

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.