1ST Source Bank Trims Stake in American Water Works Company, Inc. $AWK

1ST Source Bank lowered its position in American Water Works Company, Inc. (NYSE:AWK) by 2.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,399 shares of the utilities provider’s stock after selling 427 shares during the period. 1ST Source Bank’s holdings in American Water Works were worth $2,420,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Price T Rowe Associates Inc. MD raised its holdings in American Water Works by 881.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,704,995 shares of the utilities provider’s stock worth $546,562,000 after purchasing an additional 3,327,352 shares during the period. Pictet Asset Management Holding SA increased its position in shares of American Water Works by 24.1% in the first quarter. Pictet Asset Management Holding SA now owns 4,532,131 shares of the utilities provider’s stock valued at $668,566,000 after buying an additional 878,951 shares in the last quarter. Groupama Asset Managment increased its position in shares of American Water Works by 114.3% in the first quarter. Groupama Asset Managment now owns 1,505,106 shares of the utilities provider’s stock valued at $2,296,000 after buying an additional 802,639 shares in the last quarter. Nuveen LLC acquired a new position in shares of American Water Works during the 1st quarter worth approximately $103,053,000. Finally, BROOKFIELD Corp ON lifted its position in shares of American Water Works by 2,486.6% during the 1st quarter. BROOKFIELD Corp ON now owns 571,080 shares of the utilities provider’s stock valued at $84,246,000 after buying an additional 549,002 shares in the last quarter. 86.58% of the stock is owned by hedge funds and other institutional investors.

American Water Works Stock Up 0.8%

AWK stock opened at $130.55 on Friday. American Water Works Company, Inc. has a one year low of $118.74 and a one year high of $155.50. The firm has a market cap of $25.47 billion, a PE ratio of 22.94, a PEG ratio of 2.84 and a beta of 0.72. The firm’s 50 day moving average price is $137.84 and its 200-day moving average price is $140.90. 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 posted its earnings results on Wednesday, October 29th. The utilities provider reported $1.94 earnings per share 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 firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the firm earned $1.80 EPS. The firm’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. FY 2026 guidance at 6.020-6.120 EPS. On average, equities research analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current year.

American Water Works Dividend Announcement

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

Analysts Set New Price Targets

AWK has been the subject of several recent analyst reports. Jefferies Financial Group raised shares of American Water Works from an “underperform” rating to a “hold” rating and boosted their price target for the stock from $114.00 to $124.00 in a report on Wednesday. TD Cowen began coverage on shares of American Water Works in a research note on Thursday, October 16th. They set a “hold” rating and a $155.00 target price for the company. Cowen assumed coverage on shares of American Water Works in a research report on Wednesday, October 15th. They set a “hold” rating for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of American Water Works in a report on Wednesday, October 8th. Finally, Wells Fargo & Company began coverage on American Water Works in a research note on Monday, October 27th. They set an “equal weight” rating and a $142.00 price objective for the company. One analyst has rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company 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.