Davis R M Inc. Sells 7,777 Shares of American Water Works Company, Inc. $AWK

Davis R M Inc. trimmed its stake in American Water Works Company, Inc. (NYSE:AWK) by 2.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 309,331 shares of the utilities provider’s stock after selling 7,777 shares during the period. Davis R M Inc. owned about 0.16% of American Water Works worth $43,056,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AWK. Vanguard Group Inc. grew its holdings in shares of American Water Works by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 26,227,049 shares of the utilities provider’s stock worth $3,650,543,000 after purchasing an additional 597,916 shares during the last quarter. State Street Corp lifted its holdings in American Water Works by 2.6% during the 2nd quarter. State Street Corp now owns 11,430,863 shares of the utilities provider’s stock valued at $1,590,147,000 after purchasing an additional 286,053 shares during the last quarter. Geode Capital Management LLC boosted its position in 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 buying an additional 103,595 shares in the last quarter. Amundi grew its stake in American Water Works by 4.8% during the second quarter. Amundi now owns 3,926,541 shares of the utilities provider’s stock worth $559,951,000 after buying an additional 179,127 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of American Water Works by 16.8% during the second quarter. Invesco Ltd. now owns 3,442,004 shares of the utilities provider’s stock worth $478,817,000 after buying an additional 494,868 shares in the last quarter. 86.58% of the stock is owned by institutional investors.

American Water Works Price Performance

American Water Works stock opened at $135.84 on Monday. The stock has a market cap of $26.52 billion, a price-to-earnings ratio of 23.87, a P/E/G ratio of 3.17 and a beta of 0.77. American Water Works Company, Inc. has a 12-month low of $121.28 and a 12-month high of $155.50. The company has a quick ratio of 0.44, a current ratio of 0.46 and a debt-to-equity ratio of 1.18. The business’s 50-day simple moving average is $130.06 and its 200 day simple moving average is $134.10.

American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, February 18th. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.04). The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.29 billion. American Water Works had a net margin of 21.61% and a return on equity of 10.38%. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the business posted $1.15 EPS. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. As a group, research analysts anticipate that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 10th will be given a $0.8275 dividend. This represents a $3.31 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Tuesday, February 10th. American Water Works’s dividend payout ratio (DPR) is currently 58.17%.

Analyst Ratings Changes

A number of research firms recently commented on AWK. UBS Group set a $149.00 price target on American Water Works in a research report on Wednesday, December 17th. Barclays decreased their target price on American Water Works from $134.00 to $122.00 and set an “underweight” rating on the stock in a report on Wednesday, December 17th. Bank of America upgraded American Water Works from an “underperform” rating to a “neutral” rating and raised their target price for the company from $117.00 to $139.00 in a research note on Monday, January 12th. Wells Fargo & Company reduced their price target on shares of American Water Works from $142.00 to $126.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 20th. Finally, Jefferies Financial Group upgraded shares of American Water Works from an “underperform” rating to a “hold” rating and raised their price objective for the company from $114.00 to $124.00 in a research report on Wednesday, November 5th. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $140.89.

American Water Works Company 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.