American Water Works Company, Inc. $AWK Stock Sold by Confluence Investment Management LLC

Confluence Investment Management LLC decreased its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 4.5% during the third quarter, HoldingsChannel reports. The fund owned 745,410 shares of the utilities provider’s stock after selling 34,899 shares during the quarter. American Water Works comprises about 1.5% of Confluence Investment Management LLC’s investment portfolio, making the stock its 20th biggest holding. Confluence Investment Management LLC’s holdings in American Water Works were worth $96,508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Reflection Asset Management bought a new stake in shares of American Water Works during the 4th quarter valued at $25,000. Ascentis Independent Advisors bought a new stake in shares of American Water Works during the first quarter valued at about $27,000. Nemes Rush Group LLC purchased a new stake in shares of American Water Works in the fourth quarter worth about $27,000. Harborfront Financial Group LLC bought a new position in shares of American Water Works in the second quarter valued at approximately $29,000. Finally, MV Capital Management Inc. purchased a new position in American Water Works during the fourth quarter valued at approximately $29,000. 86.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on AWK. Bank of America reiterated a “neutral” rating on shares of American Water Works in a research note on Thursday, July 16th. UBS Group increased their target price on American Water Works from $156.00 to $162.00 and gave the company a “buy” rating in a research note on Thursday, September 10th. Truist Financial set a $139.00 price target on American Water Works in a research note on Tuesday, August 4th. Wall Street Zen upgraded American Water Works from a “strong sell” rating to a “sell” rating in a report on Monday, August 3rd. Finally, Mizuho increased their price objective on American Water Works from $130.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. One research 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. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $140.11.

American Water Works Trading Down 0.6%

NYSE:AWK traded down $0.81 during trading hours on Thursday, reaching $128.66. The company’s stock had a trading volume of 917,032 shares, compared to its average volume of 1,997,846. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.49 and a current ratio of 0.52. The firm has a market capitalization of $25.57 billion, a price-to-earnings ratio of 22.28, a PEG ratio of 2.64 and a beta of 0.59. The firm has a 50-day simple moving average of $136.16 and a 200-day simple moving average of $132.51. American Water Works Company, Inc. has a 1 year low of $120.57 and a 1 year high of $145.64.

American Water Works (NYSE:AWK) last announced its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.33 billion. American Water Works had a return on equity of 10.20% and a net margin of 21.35%.The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period last year, the firm earned $1.48 earnings per share. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. Research analysts expect that American Water Works Company, Inc. will post 6.09 EPS for the current fiscal year.

American Water Works Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th were paid a $0.8950 dividend. This represents a $3.58 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Tuesday, August 11th. American Water Works’s payout ratio is 62.05%.

About American Water Works

American Water Works Company, Inc is a public water and wastewater utility that provides essential services to residential, commercial, industrial, and governmental customers in the United States. Through its regulated operations, the company collects, treats, distributes, and manages drinking water, as well as collects and treats wastewater.

The company also provides services through businesses that support utilities, municipalities, military installations, and other public-sector customers.