Rockefeller Capital Management L.P. Has $16.55 Million Stock Holdings in American Water Works Company, Inc. $AWK

Rockefeller Capital Management L.P. trimmed its holdings in American Water Works Company, Inc. (NYSE:AWK) by 36.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 118,965 shares of the utilities provider’s stock after selling 67,477 shares during the period. Rockefeller Capital Management L.P.’s holdings in American Water Works were worth $16,549,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in AWK. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of American Water Works in the 2nd quarter worth about $28,000. WPG Advisers LLC bought a new stake in American Water Works during the 1st quarter worth approximately $29,000. Flaharty Asset Management LLC purchased a new stake in shares of American Water Works in the first quarter worth approximately $30,000. Concord Wealth Partners purchased a new stake in shares of American Water Works in the second quarter worth approximately $28,000. Finally, GoalVest Advisory LLC raised its stake in shares of American Water Works by 8,566.7% in the second quarter. GoalVest Advisory LLC now owns 260 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 257 shares during the last quarter. 86.58% of the stock is owned by institutional investors.

American Water Works Stock Down 2.1%

Shares of NYSE:AWK opened at $129.83 on Wednesday. American Water Works Company, Inc. has a 1 year low of $118.74 and a 1 year high of $155.50. The company has a market capitalization of $25.33 billion, a PE ratio of 22.82, a price-to-earnings-growth ratio of 2.84 and a beta of 0.72. The business has a fifty day moving average price of $136.31 and a two-hundred day moving average price of $140.10. 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 (NYSE:AWK) last issued its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.04. The company 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 10.57%. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.80 EPS. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. FY 2026 guidance at 6.020-6.120 EPS. Analysts forecast that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Thursday, November 13th will be paid a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Thursday, November 13th. American Water Works’s payout ratio is presently 58.17%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on AWK shares. Barclays lifted their target price on American Water Works from $128.00 to $134.00 and gave the company an “underweight” rating in a research report on Tuesday, October 21st. TD Cowen assumed coverage on American Water Works in a research note on Thursday, October 16th. They set a “hold” rating and a $155.00 price objective on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of American Water Works in a research note on Thursday, November 13th. Mizuho set a $145.00 target price on shares of American Water Works in a report on Tuesday, October 28th. Finally, Argus boosted their price target 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 research analyst has rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, American Water Works currently has a consensus rating of “Hold” and an average target price of $143.00.

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.