American Water Works Company, Inc. $AWK Shares Sold by Greenleaf Trust

Greenleaf Trust lessened its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 47.2% during the 3rd quarter, Holdings Channel reports. The firm owned 8,647 shares of the utilities provider’s stock after selling 7,741 shares during the quarter. Greenleaf Trust’s holdings in American Water Works were worth $1,204,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. American National Bank & Trust acquired a new stake in shares of American Water Works during the third quarter worth $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in American Water Works during the 2nd quarter worth about $28,000. Concord Wealth Partners purchased a new stake in American Water Works during the 2nd quarter valued at about $28,000. Elevation Point Wealth Partners LLC purchased a new stake in American Water Works during the 2nd quarter valued at about $29,000. Finally, Flaharty Asset Management LLC acquired a new position in shares of American Water Works in the first quarter valued at about $30,000. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Wall Street Analysts Forecast Growth

AWK has been the subject of a number of research reports. Wells Fargo & Company began coverage on American Water Works in a report on Monday, October 27th. They set an “equal weight” rating and a $142.00 target price for the company. Cowen began coverage on shares of American Water Works in a research note on Wednesday, October 15th. They set a “hold” rating for the company. Barclays dropped their price objective on shares of American Water Works from $134.00 to $122.00 and set an “underweight” rating on the stock in a report on Wednesday, December 17th. Jefferies Financial Group raised shares of American Water Works from an “underperform” rating to a “hold” rating and raised their target price for the stock from $114.00 to $124.00 in a report on Wednesday, November 5th. Finally, Mizuho set a $145.00 price target on shares of American Water Works in a report on Tuesday, October 28th. One investment analyst has rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $141.44.

American Water Works Price Performance

NYSE:AWK opened at $127.32 on Thursday. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.42 and a quick ratio of 0.39. The company has a 50 day moving average price of $130.16 and a 200-day moving average price of $137.21. American Water Works Company, Inc. has a 1-year low of $118.74 and a 1-year high of $155.50. The firm has a market cap of $24.85 billion, a price-to-earnings ratio of 22.38, a price-to-earnings-growth ratio of 3.13 and a beta of 0.76.

American Water Works (NYSE:AWK) last announced its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.04. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.36 billion. American Water Works had a net margin of 21.93% and a return on equity of 10.48%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the firm 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 research analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current 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. The ex-dividend date is Tuesday, February 10th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 2.6%. 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.