Kingsview Wealth Management LLC Trims Holdings in American Water Works Company, Inc. $AWK

Kingsview Wealth Management LLC lowered its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 16.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,777 shares of the utilities provider’s stock after selling 555 shares during the quarter. Kingsview Wealth Management LLC’s holdings in American Water Works were worth $386,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of American Water Works during the 2nd quarter valued at $28,000. WPG Advisers LLC purchased a new position in shares of American Water Works in the first quarter valued at about $29,000. Flaharty Asset Management LLC purchased a new position in shares of American Water Works in the first quarter valued at about $30,000. Concord Wealth Partners bought a new position in shares of American Water Works in the second quarter worth about $28,000. Finally, GoalVest Advisory LLC grew its position in shares of American Water Works by 8,566.7% during 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 in the last quarter. 86.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AWK has been the subject of several recent analyst reports. Jefferies Financial Group upgraded American Water Works from an “underperform” rating to a “hold” rating and upped their price target for the stock from $114.00 to $124.00 in a research note on Wednesday, November 5th. TD Cowen assumed coverage on shares of American Water Works in a report on Thursday, October 16th. They issued a “hold” rating and a $155.00 target price on the stock. Argus upped their target price on shares of American Water Works from $155.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday, August 14th. Wells Fargo & Company started coverage on shares of American Water Works in a report on Monday, October 27th. They issued an “equal weight” rating and a $142.00 price target on the stock. Finally, Cowen started coverage on shares of American Water Works in a research note on Wednesday, October 15th. They issued a “hold” rating on the stock. One research analyst has rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $143.00.

American Water Works Trading Up 3.6%

AWK stock opened at $132.77 on Friday. The firm has a fifty day moving average price of $135.72 and a 200 day moving average price of $139.82. American Water Works Company, Inc. has a fifty-two week low of $118.74 and a fifty-two week high of $155.50. The firm has a market cap of $25.91 billion, a PE ratio of 23.33, a price-to-earnings-growth ratio of 2.84 and a beta of 0.72. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.35.

American Water Works (NYSE:AWK) last released its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $1.94 EPS for the quarter, beating the consensus estimate of $1.90 by $0.04. American Water Works had a net margin of 21.93% and a return on equity of 10.57%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter last year, the business earned $1.80 earnings per share. American Water Works’s quarterly revenue was up 9.7% compared to the same quarter last year. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. FY 2026 guidance at 6.020-6.120 EPS. Sell-side 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 declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Thursday, November 13th will be given a $0.8275 dividend. The ex-dividend date is Thursday, November 13th. This represents a $3.31 annualized dividend and a yield of 2.5%. American Water Works’s dividend payout ratio (DPR) is currently 58.17%.

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.