Vega Investment Solutions Sells 29,611 Shares of American Water Works Company, Inc. $AWK

Vega Investment Solutions trimmed its holdings in American Water Works Company, Inc. (NYSE:AWK) by 99.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 234 shares of the utilities provider’s stock after selling 29,611 shares during the period. Vega Investment Solutions’ holdings in American Water Works were worth $33,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Mirador Capital Partners LP lifted its stake in shares of 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 buying an additional 2,562 shares during the last quarter. LGT Fund Management Co Ltd. lifted its position in American Water Works by 144.4% during the second quarter. LGT Fund Management Co Ltd. now owns 14,729 shares of the utilities provider’s stock worth $2,049,000 after acquiring an additional 8,703 shares during the last quarter. St. Johns Investment Management Company LLC lifted its position in American Water Works by 11.2% during the second quarter. St. Johns Investment Management Company LLC now owns 3,652 shares of the utilities provider’s stock worth $508,000 after acquiring an additional 368 shares during the last quarter. Boston Common Asset Management LLC boosted its holdings in shares of American Water Works by 9.9% during the second quarter. Boston Common Asset Management LLC now owns 173,684 shares of the utilities provider’s stock worth $24,161,000 after acquiring an additional 15,589 shares during the period. Finally, Grant Private Wealth Management Inc acquired a new position in shares of American Water Works in the second quarter valued at approximately $717,000. 86.58% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on AWK shares. Argus lifted their price target on American Water Works from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, August 14th. Cowen assumed coverage on American Water Works in a report on Wednesday, October 15th. They set a “hold” rating for the company. Weiss Ratings restated a “hold (c)” rating on shares of American Water Works in a research note on Monday, December 1st. TD Cowen started coverage on shares of American Water Works in a research note on Thursday, October 16th. They issued a “hold” rating and a $155.00 price objective for the company. Finally, Barclays boosted their price objective on shares of American Water Works from $128.00 to $134.00 and gave the company an “underweight” rating in a report on Tuesday, October 21st. One equities 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. According to data from MarketBeat.com, American Water Works has a consensus rating of “Hold” and an average price target of $143.00.

American Water Works Stock Down 0.8%

Shares of NYSE AWK opened at $128.42 on Tuesday. The stock has a market capitalization of $25.06 billion, a P/E ratio of 22.57, a PEG ratio of 3.34 and a beta of 0.76. The stock’s fifty day moving average is $134.40 and its 200 day moving average is $138.83. American Water Works Company, Inc. has a 52 week low of $118.74 and a 52 week high of $155.50. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.39 and a current ratio of 0.42.

American Water Works (NYSE:AWK) last announced its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.04. American Water Works had a net margin of 21.93% and a return on equity of 10.48%. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the prior year, the company posted $1.80 earnings per share. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS and its FY 2026 guidance at 6.020-6.120 EPS. Sell-side analysts forecast that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

American Water Works Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 10th will be given a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a yield of 2.6%. The ex-dividend date is Tuesday, February 10th. American Water Works’s payout ratio is currently 58.17%.

American Water Works 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.