Avalon Trust Co Has $20.25 Million Stock Position in American Water Works Company, Inc. $AWK

Avalon Trust Co cut its holdings in American Water Works Company, Inc. (NYSE:AWK) by 3.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 145,594 shares of the utilities provider’s stock after selling 5,775 shares during the period. American Water Works comprises approximately 1.5% of Avalon Trust Co’s investment portfolio, making the stock its 18th biggest holding. Avalon Trust Co owned approximately 0.07% of American Water Works worth $20,254,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. W.H. Cornerstone Investments Inc. grew its position in American Water Works by 6.7% in the second quarter. W.H. Cornerstone Investments Inc. now owns 1,656 shares of the utilities provider’s stock valued at $230,000 after purchasing an additional 104 shares in the last quarter. ABN Amro Investment Solutions acquired a new position in shares of American Water Works during the 2nd quarter worth about $31,351,000. Candriam S.C.A. grew its holdings in shares of American Water Works by 0.4% in the 2nd quarter. Candriam S.C.A. now owns 387,482 shares of the utilities provider’s stock valued at $53,905,000 after acquiring an additional 1,617 shares in the last quarter. Police & Firemen s Retirement System of New Jersey grew its holdings in shares of American Water Works by 4.3% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 29,514 shares of the utilities provider’s stock valued at $4,106,000 after acquiring an additional 1,230 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of American Water Works by 2.1% in the second quarter. Geode Capital Management LLC now owns 4,949,996 shares of the utilities provider’s stock valued at $685,662,000 after acquiring an additional 103,595 shares during the last quarter. Institutional investors own 86.58% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. UBS Group reduced their price target on American Water Works from $156.00 to $151.00 and set a “neutral” rating for the company in a research report on Tuesday, August 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of American Water Works in a research note on Wednesday, October 8th. Wells Fargo & Company started coverage on American Water Works in a report on Monday, October 27th. They issued an “equal weight” rating and a $142.00 price objective for the company. TD Cowen began coverage on shares of American Water Works in a research note on Thursday, October 16th. They issued a “hold” rating and a $155.00 target price for the company. Finally, Barclays upped their price target on shares of American Water Works from $128.00 to $134.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 21st. One analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, American Water Works presently has a consensus rating of “Hold” and an average price target of $143.00.

American Water Works Trading Down 0.2%

NYSE:AWK opened at $129.77 on Thursday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.35 and a quick ratio of 0.32. American Water Works Company, Inc. has a one year low of $118.74 and a one year high of $155.50. The company has a market cap of $25.32 billion, a PE ratio of 22.81, a PEG ratio of 2.84 and a beta of 0.72. The firm has a 50-day moving average of $137.10 and a 200-day moving average of $140.56.

American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.04. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.36 billion. American Water Works had a return on equity of 10.57% and a net margin of 21.93%.The company’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.80 EPS. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. FY 2026 guidance at 6.020-6.120 EPS. As a group, equities research analysts expect that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Thursday, November 13th will be given a dividend of $0.8275 per share. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $3.31 annualized dividend and a dividend yield of 2.6%. American Water Works’s payout ratio is presently 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.