Intech Investment Management LLC Sells 14,193 Shares of American Water Works Company, Inc. $AWK

Intech Investment Management LLC lessened its position in American Water Works Company, Inc. (NYSE:AWK) by 59.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,603 shares of the utilities provider’s stock after selling 14,193 shares during the quarter. Intech Investment Management LLC’s holdings in American Water Works were worth $1,253,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Salomon & Ludwin LLC boosted its holdings in shares of American Water Works by 71.7% during the fourth quarter. Salomon & Ludwin LLC now owns 194 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 81 shares during the period. Midwest Capital Advisors LLC purchased a new stake in shares of American Water Works during the fourth quarter worth about $39,000. Atlantic Union Bankshares Corp boosted its holdings in shares of American Water Works by 803.1% during the third quarter. Atlantic Union Bankshares Corp now owns 289 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 257 shares during the period. Elevation Wealth Partners LLC purchased a new stake in shares of American Water Works during the fourth quarter worth about $40,000. Finally, Clayton Financial Group LLC purchased a new stake in shares of American Water Works during the fourth quarter worth about $40,000. Institutional investors own 86.58% of the company’s stock.

American Water Works Stock Performance

Shares of AWK opened at $124.63 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.37 and a quick ratio of 0.34. American Water Works Company, Inc. has a one year low of $120.57 and a one year high of $147.87. The company has a 50-day simple moving average of $129.73 and a two-hundred day simple moving average of $130.83. The firm has a market capitalization of $24.34 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 2.65 and a beta of 0.62.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $1.01 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.09). American Water Works had a return on equity of 10.20% and a net margin of 21.17%.The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter last year, the business earned $1.05 earnings per share. The business’s quarterly revenue was up 5.7% on a year-over-year basis. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. On average, analysts anticipate that American Water Works Company, Inc. will post 6.09 EPS for the current fiscal year.

American Water Works Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 12th were issued a $0.895 dividend. This represents a $3.58 annualized dividend and a yield of 2.9%. This is a boost from American Water Works’s previous quarterly dividend of $0.83. The ex-dividend date was Tuesday, May 12th. American Water Works’s dividend payout ratio (DPR) is 63.48%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AWK. Wells Fargo & Company set a $131.00 target price on shares of American Water Works in a report on Tuesday, April 21st. UBS Group upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and increased their target price for the stock from $137.00 to $140.00 in a report on Friday, May 29th. Truist Financial dropped their target price on shares of American Water Works from $137.00 to $130.00 and set a “hold” rating for the company in a report on Friday, May 29th. Bank of America dropped their target price on shares of American Water Works from $147.00 to $134.00 and set a “neutral” rating for the company in a report on Thursday, May 21st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of American Water Works in a report on Friday, March 27th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, American Water Works has an average rating of “Hold” and an average target price of $138.11.

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.