Stock Yards Bank & Trust Co. Has $6.84 Million Stock Holdings in American Water Works Company, Inc. $AWK

Stock Yards Bank & Trust Co. cut its stake in American Water Works Company, Inc. (NYSE:AWK) by 14.0% in the 2nd quarter, Holdings Channel.com reports. The fund owned 49,179 shares of the utilities provider’s stock after selling 8,016 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in American Water Works were worth $6,841,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AWK. 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 valued at $546,562,000 after acquiring an additional 3,327,352 shares in the last quarter. Pictet Asset Management Holding SA grew its position in 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 acquiring an additional 878,951 shares during the last quarter. Groupama Asset Managment grew its position in 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 acquiring an additional 802,639 shares during the last quarter. Nuveen LLC bought a new position in American Water Works in the first quarter valued at about $103,053,000. Finally, BROOKFIELD Corp ON grew its position in American Water Works by 2,486.6% in the first quarter. BROOKFIELD Corp ON now owns 571,080 shares of the utilities provider’s stock valued at $84,246,000 after acquiring an additional 549,002 shares during the last quarter. 86.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on AWK shares. Wells Fargo & Company decreased their target price on American Water Works from $147.00 to $141.00 and set an “equal weight” rating on the stock in a research report on Friday, August 1st. Argus lifted their target price on American Water Works from $155.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, August 14th. UBS Group decreased their target price on American Water Works from $156.00 to $151.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of American Water Works in a research report on Saturday, September 27th. Finally, Barclays lowered their target price on American Water Works from $138.00 to $128.00 and set an “underweight” rating for the company in a report on Thursday, July 10th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $141.13.

American Water Works Price Performance

Shares of AWK opened at $137.97 on Friday. American Water Works Company, Inc. has a 12-month low of $118.74 and a 12-month high of $155.50. The business has a 50-day simple moving average of $140.86 and a two-hundred day simple moving average of $142.15. The company has a quick ratio of 0.32, a current ratio of 0.35 and a debt-to-equity ratio of 1.15. The stock has a market cap of $26.92 billion, a PE ratio of 24.86, a PEG ratio of 3.21 and a beta of 0.70.

American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, July 30th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.05). American Water Works had a return on equity of 10.34% and a net margin of 21.91%.The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the company earned $1.42 EPS. American Water Works’s revenue for the quarter was up 11.1% on a year-over-year basis. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. Analysts anticipate that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

American Water Works Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders 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 was Tuesday, August 12th. American Water Works’s payout ratio is 59.64%.

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.