Advisors Capital Management LLC Sells 398 Shares of American Water Works Company, Inc. $AWK

Advisors Capital Management LLC lessened its position in American Water Works Company, Inc. (NYSE:AWK) by 11.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,938 shares of the utilities provider’s stock after selling 398 shares during the quarter. Advisors Capital Management LLC’s holdings in American Water Works were worth $434,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. WPG Advisers LLC bought a new position in shares of American Water Works during the first quarter valued at about $29,000. Flaharty Asset Management LLC bought a new position in shares of American Water Works during the first quarter valued at about $30,000. Cloud Capital Management LLC bought a new position in shares of American Water Works during the first quarter valued at about $29,000. Capital A Wealth Management LLC bought a new position in shares of American Water Works during the fourth quarter valued at about $33,000. Finally, Wayfinding Financial LLC bought a new position in shares of American Water Works during the first quarter valued at about $48,000. Institutional investors own 86.58% of the company’s stock.

American Water Works Stock Performance

American Water Works stock opened at $139.17 on Friday. The stock’s 50 day simple moving average is $142.51 and its two-hundred day simple moving average is $142.68. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.35. The stock has a market cap of $27.15 billion, a price-to-earnings ratio of 25.08, a PEG ratio of 3.31 and a beta of 0.69. American Water Works Company, Inc. has a fifty-two week low of $118.74 and a fifty-two week high of $155.50.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.05). The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate 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 was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.42 earnings per share. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. As a group, analysts expect 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 was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 12th were given a $0.8275 dividend. This represents a $3.31 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, August 12th. American Water Works’s payout ratio is currently 59.64%.

Analyst Upgrades and Downgrades

AWK has been the topic of a number of recent research reports. Wells Fargo & Company reduced their price objective on American Water Works from $147.00 to $141.00 and set an “equal weight” rating on the stock in a research note on Friday, August 1st. Mizuho raised their price target 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. Barclays cut their price target on shares of American Water Works from $138.00 to $128.00 and set an “underweight” rating on the stock in a report on Thursday, July 10th. Argus raised their target price on American Water Works from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, August 14th. Finally, UBS Group cut their target price on American Water Works from $156.00 to $151.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 12th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $143.30.

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.