NBT Bank N A NY Reduces Holdings in American Water Works Company, Inc. $AWK

NBT Bank N A NY lessened its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 2.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,844 shares of the utilities provider’s stock after selling 279 shares during the period. NBT Bank N A NY’s holdings in American Water Works were worth $1,648,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. PFG Advisors lifted its position in shares of American Water Works by 33.4% during the 1st quarter. PFG Advisors now owns 9,699 shares of the utilities provider’s stock valued at $1,431,000 after buying an additional 2,429 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in American Water Works by 2.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 124,352 shares of the utilities provider’s stock worth $18,344,000 after purchasing an additional 2,570 shares in the last quarter. Brown Advisory Inc. lifted its holdings in American Water Works by 2.2% during the 1st quarter. Brown Advisory Inc. now owns 10,547 shares of the utilities provider’s stock worth $1,556,000 after purchasing an additional 229 shares in the last quarter. Mirador Capital Partners LP lifted its holdings in American Water Works by 28.4% during the 2nd quarter. Mirador Capital Partners LP now owns 11,577 shares of the utilities provider’s stock worth $1,610,000 after purchasing an additional 2,562 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in American Water Works by 45.2% during the 1st quarter. Farther Finance Advisors LLC now owns 2,326 shares of the utilities provider’s stock worth $342,000 after purchasing an additional 724 shares in the last quarter. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Stock Performance

Shares of NYSE AWK opened at $141.09 on Thursday. The stock has a market cap of $27.53 billion, a price-to-earnings ratio of 25.42, a P/E/G ratio of 3.37 and a beta of 0.70. The company has a current ratio of 0.35, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. American Water Works Company, Inc. has a 1-year low of $118.74 and a 1-year high of $155.50. The stock’s 50-day moving average is $140.91 and its 200 day moving average is $142.13.

American Water Works (NYSE:AWK) last announced its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.05). American Water Works had a net margin of 21.91% and a return on equity of 10.34%. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the business posted $1.42 earnings per share. The business’s quarterly revenue was up 11.1% on a year-over-year basis. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. On average, sell-side analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Tuesday, August 12th were given a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a yield of 2.3%. The ex-dividend date was Tuesday, August 12th. American Water Works’s dividend payout ratio (DPR) is presently 59.64%.

Analysts Set New Price Targets

A number of analysts recently issued reports on AWK shares. Mizuho increased their price objective on American Water Works from $148.00 to $149.00 and gave the stock a “neutral” rating in a report on Friday, August 1st. Barclays dropped their price objective on American Water Works from $138.00 to $128.00 and set an “underweight” rating on the stock in a report on Thursday, July 10th. Wells Fargo & Company dropped their price objective on American Water Works from $147.00 to $141.00 and set an “equal weight” rating on the stock in a report on Friday, August 1st. Weiss Ratings reissued a “hold (c+)” rating on shares of American Water Works in a report on Wednesday. Finally, UBS Group lowered their price target on American Water Works from $156.00 to $151.00 and set a “neutral” rating on the stock in a report on Tuesday, August 12th. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, American Water Works currently has a consensus rating of “Hold” and an average target price of $143.57.

About American Water Works

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.5 million active customers. The company serves residential customers; commercial customers, including food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities, such as schools and universities; and other utilities and community water and wastewater systems.