4,647 American Water Works Company, Inc. $AWK Shares Sold by Trillium Asset Management LLC

Trillium Asset Management LLC decreased its holdings in American Water Works Company, Inc. (NYSE:AWK) by 2.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 209,680 shares of the utilities provider’s stock after selling 4,647 shares during the period. American Water Works makes up about 0.9% of Trillium Asset Management LLC’s portfolio, making the stock its 29th biggest position. Trillium Asset Management LLC owned about 0.11% of American Water Works worth $27,148,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in American Water Works in the second quarter valued at about $2,712,173,000. GQG Partners LLC bought a new position in American Water Works in the second quarter valued at about $1,171,477,000. Wellington Management Group LLP grew its position in American Water Works by 35.2% in the second quarter. Wellington Management Group LLP now owns 14,911,963 shares of the utilities provider’s stock valued at $1,962,116,000 after acquiring an additional 3,883,057 shares during the last quarter. Legal & General Group Plc bought a new position in American Water Works in the second quarter valued at about $443,787,000. Finally, Bank of America Corp DE acquired a new position in American Water Works during the second quarter worth about $367,632,000. Institutional investors own 86.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AWK shares. Barclays dropped their target price on shares of American Water Works from $130.00 to $127.00 and set an “underweight” rating for the company in a report on Monday, October 19th. Wall Street Zen raised shares of American Water Works from a “strong sell” rating to a “sell” rating in a report on Monday, August 3rd. Weiss Ratings upgraded shares of American Water Works from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, November 2nd. Argus upped their price objective on shares of American Water Works from $155.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, UBS Group downgraded shares of American Water Works from a “buy” rating to a “neutral” rating and increased their price objective for the company from $153.00 to $162.00 in a research note on Friday, November 6th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, American Water Works presently has an average rating of “Hold” and a consensus price target of $144.12.

Latest American Water Works News

These are some of the AWK news items that stood out recently:

• Neutral Sentiment: West Virginia American Water announced $580,000 of infrastructure upgrades in Oak Hill. The project reflects ongoing investment in the utility’s system, but its modest scale is unlikely to materially affect company-wide results. West Virginia American Water Announces Oak Hill Upgrades
• Neutral Sentiment: Recent coverage discussed AWK’s dividend, a refreshed customer portal, and website-related signals, but the provided headlines do not indicate a material change to the company’s financial outlook. American Water Works Dividend Analysis American Water Works Refreshes Its Portal
• Negative Sentiment: A valuation article said AWK could be 31% overvalued even after merger approval, a potential concern for investors weighing the stock’s upside against its current valuation. American Water Works Stock Could Be 31% Overvalued

American Water Works Trading Up 1.3%

NYSE:AWK traded up $1.97 during mid-day trading on Friday, hitting $149.55. 1,261,144 shares of the company’s stock were exchanged, compared to its average volume of 2,103,428. American Water Works Company, Inc. has a fifty-two week low of $120.57 and a fifty-two week high of $153.69. The company has a current ratio of 0.39, a quick ratio of 0.36 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $29.78 billion, a P/E ratio of 25.92, a PEG ratio of 3.01 and a beta of 0.56. The company has a 50 day simple moving average of $137.78 and a 200-day simple moving average of $133.33.

American Water Works (NYSE:AWK) last announced its quarterly earnings results on Wednesday, October 28th. The utilities provider reported $2.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.04 by ($0.04). The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.58 billion. American Water Works had a net margin of 21.26% and a return on equity of 10.14%. The company’s revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.94 earnings per share. As a group, research analysts expect that American Water Works Company, Inc. will post 6.09 earnings per share for the current year.

American Water Works Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Thursday, November 12th will be given a dividend of $0.8950 per share. This represents a $3.58 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, November 12th. American Water Works’s dividend payout ratio (DPR) is currently 62.05%.

American Water Works Company Profile

American Water Works Company, Inc. is a U.S. water and wastewater utility that provides services to residential, commercial, industrial, and public-sector customers. Its operations include treating and distributing drinking water, collecting and treating wastewater, and maintaining the infrastructure needed to deliver those services. The company operates regulated water and wastewater utilities across multiple states, serving communities in regions including the Northeast, Midwest, and South. Through contracted operations, it also provides water and wastewater services to certain military installations and municipal customers.