American Water Works Company, Inc. $AWK Shares Sold by Bar Harbor Wealth Management

Bar Harbor Wealth Management trimmed its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 11.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,904 shares of the utilities provider’s stock after selling 361 shares during the period. Bar Harbor Wealth Management’s holdings in American Water Works were worth $404,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its stake in American Water Works by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 25,248,263 shares of the utilities provider’s stock worth $3,724,624,000 after acquiring an additional 141,038 shares during the period. Pictet Asset Management Holding SA grew its stake in shares of American Water Works by 24.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 4,532,131 shares of the utilities provider’s stock valued at $668,566,000 after buying an additional 878,951 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of American Water Works by 881.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,704,995 shares of the utilities provider’s stock valued at $546,562,000 after buying an additional 3,327,352 shares during the period. Northern Trust Corp boosted its position in American Water Works by 3.6% during the 1st quarter. Northern Trust Corp now owns 3,479,406 shares of the utilities provider’s stock worth $513,282,000 after purchasing an additional 121,680 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in American Water Works by 16.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,134,358 shares of the utilities provider’s stock worth $314,861,000 after purchasing an additional 295,928 shares during the period. 86.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AWK has been the subject of a number of research reports. Wells Fargo & Company decreased their price target on shares of American Water Works from $147.00 to $141.00 and set an “equal weight” rating for the company in a research report on Friday, August 1st. Barclays decreased their price target on shares of American Water Works from $138.00 to $128.00 and set an “underweight” rating for the company in a research report on Thursday, July 10th. Mizuho boosted their price objective on shares of American Water Works from $148.00 to $149.00 and gave the stock a “neutral” rating in a report on Friday, August 1st. UBS Group cut their price objective on shares of American Water Works from $156.00 to $151.00 and set a “neutral” rating on the stock in a report on Tuesday, August 12th. Finally, Argus boosted their price objective on shares of American Water Works from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, August 14th. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, American Water Works currently has a consensus rating of “Hold” and an average price target of $143.57.

American Water Works Stock Performance

Shares of AWK stock opened at $141.00 on Friday. The firm has a market capitalization of $27.51 billion, a P/E ratio of 25.41, a P/E/G ratio of 3.34 and a beta of 0.70. The company’s fifty day moving average price is $140.93 and its two-hundred day moving average price is $142.14. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.35 and a quick ratio of 0.32. American Water Works Company, Inc. has a 12 month low of $118.74 and a 12 month high of $155.50.

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

American Water Works Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 12th were paid a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Tuesday, August 12th. American Water Works’s dividend payout ratio is 59.64%.

American Water Works Company Profile

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.