Canandaigua National Trust Co of Florida Makes New $942,000 Investment in American Water Works Company, Inc. $AWK

Canandaigua National Trust Co of Florida bought a new stake in shares of American Water Works Company, Inc. (NYSE:AWK) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,277 shares of the utilities provider’s stock, valued at approximately $942,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Canandaigua National Bank & Trust Co. raised its position in American Water Works by 1.1% in the third quarter. Canandaigua National Bank & Trust Co. now owns 12,856 shares of the utilities provider’s stock worth $1,664,000 after acquiring an additional 136 shares during the period. Moody National Bank Trust Division grew its position in shares of American Water Works by 32.4% during the 3rd quarter. Moody National Bank Trust Division now owns 3,721 shares of the utilities provider’s stock valued at $482,000 after acquiring an additional 911 shares during the period. Tompkins Financial Corp increased its stake in shares of American Water Works by 3.9% during the 3rd quarter. Tompkins Financial Corp now owns 22,163 shares of the utilities provider’s stock worth $2,869,000 after purchasing an additional 831 shares during the last quarter. Eastern Bank raised its stake in shares of American Water Works by 2.9% in the third quarter. Eastern Bank now owns 2,945 shares of the utilities provider’s stock valued at $381,000 after buying an additional 82 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of American Water Works by 30.9% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 1,301 shares of the utilities provider’s stock valued at $183,000 after buying an additional 307 shares during the last quarter. 86.58% of the stock is owned by hedge funds and other institutional investors.

American Water Works Price Performance

Shares of American Water Works stock traded down $0.68 on Wednesday, reaching $127.36. The stock had a trading volume of 2,353,768 shares, compared to its average volume of 2,008,538. The business’s 50 day moving average is $135.60 and its two-hundred day moving average is $132.23. The company has a current ratio of 0.52, a quick ratio of 0.49 and a debt-to-equity ratio of 1.20. American Water Works Company, Inc. has a 1 year low of $120.57 and a 1 year high of $145.64. The company has a market cap of $25.31 billion, a P/E ratio of 22.07, a price-to-earnings-growth ratio of 2.60 and a beta of 0.58.

American Water Works (NYSE:AWK) last announced its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.61 EPS for the quarter, beating the consensus estimate of $1.53 by $0.08. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. American Water Works had a net margin of 21.35% and a return on equity of 10.20%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the firm earned $1.48 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 6.09 EPS for the current year.

American Water Works Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th were given a dividend of $0.8950 per share. This represents a $3.58 annualized dividend and a yield of 2.8%. The ex-dividend date was Tuesday, August 11th. American Water Works’s payout ratio is presently 62.05%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on AWK shares. Bank of America reissued a “neutral” rating on shares of American Water Works in a report on Thursday, July 16th. Mizuho increased their target price on shares of American Water Works from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Truist Financial set a $139.00 target price on shares of American Water Works in a research note on Tuesday, August 4th. JPMorgan Chase & Co. upped their price target on shares of American Water Works from $138.00 to $147.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Finally, Barclays raised their price objective on shares of American Water Works from $124.00 to $130.00 and gave the stock an “underweight” rating in a report on Wednesday, July 15th. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, American Water Works presently has an average rating of “Hold” and a consensus price target of $140.11.

American Water Works Profile

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.