Manchester Capital Management LLC Sells 4,193 Shares of American Water Works Company, Inc. $AWK

Manchester Capital Management LLC reduced its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 65.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,178 shares of the utilities provider’s stock after selling 4,193 shares during the quarter. Manchester Capital Management LLC’s holdings in American Water Works were worth $284,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of American Water Works by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 26,227,049 shares of the utilities provider’s stock valued at $3,650,543,000 after buying an additional 597,916 shares in the last quarter. State Street Corp lifted its position in shares of American Water Works by 1.1% during the 3rd quarter. State Street Corp now owns 11,551,733 shares of the utilities provider’s stock valued at $1,607,886,000 after buying an additional 120,870 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of American Water Works by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 5,039,122 shares of the utilities provider’s stock valued at $655,025,000 after buying an additional 33,359 shares in the last quarter. Bank of America Corp DE lifted its position in shares of American Water Works by 3.7% during the 3rd quarter. Bank of America Corp DE now owns 2,779,526 shares of the utilities provider’s stock valued at $386,882,000 after buying an additional 98,042 shares in the last quarter. Finally, Pictet Asset Management Holding SA lifted its position in shares of American Water Works by 0.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 2,639,521 shares of the utilities provider’s stock valued at $344,462,000 after buying an additional 22,827 shares in the last quarter. 86.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Water Works in a research report on Friday, March 27th. Bank of America lowered their price objective on American Water Works from $147.00 to $134.00 and set a “neutral” rating on the stock in a research report on Thursday, May 21st. Wells Fargo & Company set a $131.00 price objective on American Water Works in a research report on Tuesday, April 21st. Wall Street Zen raised American Water Works from a “strong sell” rating to a “sell” rating in a research report on Sunday, April 26th. Finally, Barclays lifted their price objective on American Water Works from $122.00 to $124.00 and gave the company an “underweight” rating in a research report on Monday, April 20th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $138.11.

American Water Works Stock Down 1.6%

NYSE AWK opened at $122.53 on Tuesday. The stock’s 50 day moving average is $129.43 and its 200 day moving average is $130.77. The company has a current ratio of 0.37, a quick ratio of 0.34 and a debt-to-equity ratio of 1.16. American Water Works Company, Inc. has a 12 month low of $120.57 and a 12 month high of $147.87. The stock has a market cap of $23.93 billion, a PE ratio of 21.73, a P/E/G ratio of 2.70 and a beta of 0.62.

American Water Works (NYSE:AWK) last posted its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.09). American Water Works had a return on equity of 10.20% and a net margin of 21.17%.The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the firm posted $1.05 earnings per share. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. Research analysts predict that American Water Works Company, Inc. will post 6.09 EPS for the current fiscal year.

American Water Works Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 12th were issued a $0.895 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $3.58 dividend on an annualized basis and a yield of 2.9%. This is a boost from American Water Works’s previous quarterly dividend of $0.83. American Water Works’s payout ratio is presently 63.48%.

American Water Works Profile

American Water Works Company, Inc (NYSE: AWK) is a publicly traded utility company that provides water and wastewater services in the United States. Its core business is the operation, management and maintenance of regulated water and wastewater systems that deliver potable water, collect and treat wastewater, and provide related customer services to residential, commercial and industrial customers as well as municipalities. The company’s operations include water treatment and distribution, wastewater collection and treatment, meter reading and billing, emergency repairs, and long-term infrastructure planning and capital project execution.

In addition to its regulated utility operations, American Water offers complementary nonregulated services and solutions that support system reliability and customer needs.