Rockefeller Capital Management L.P. Sells 14,647 Shares of American Water Works Company, Inc. $AWK

Rockefeller Capital Management L.P. lowered its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 9.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,535 shares of the utilities provider’s stock after selling 14,647 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in American Water Works were worth $18,079,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. State Street Corp grew its position in shares of American Water Works by 4.2% in the 4th quarter. State Street Corp now owns 12,037,823 shares of the utilities provider’s stock valued at $1,570,936,000 after purchasing an additional 486,090 shares during the period. Wellington Management Group LLP lifted its stake in American Water Works by 3,274.6% in the fourth quarter. Wellington Management Group LLP now owns 7,092,757 shares of the utilities provider’s stock valued at $925,605,000 after buying an additional 6,882,575 shares in the last quarter. GQG Partners LLC lifted its stake in American Water Works by 64.2% in the fourth quarter. GQG Partners LLC now owns 6,493,161 shares of the utilities provider’s stock valued at $847,361,000 after buying an additional 2,539,683 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of American Water Works by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 5,039,122 shares of the utilities provider’s stock valued at $655,025,000 after buying an additional 33,359 shares during the period. Finally, Amundi increased its position in shares of American Water Works by 7.1% during the fourth quarter. Amundi now owns 4,171,929 shares of the utilities provider’s stock worth $544,420,000 after acquiring an additional 275,511 shares in the last quarter. Institutional investors own 86.58% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on AWK. UBS Group upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $137.00 to $140.00 in a report on Friday, May 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Water Works in a research note on Friday, March 27th. Wall Street Zen upgraded American Water Works from a “strong sell” rating to a “sell” rating in a report on Sunday, April 26th. Wells Fargo & Company set a $131.00 price target on American Water Works in a research note on Tuesday, April 21st. Finally, Barclays boosted their price target on American Water Works from $122.00 to $124.00 and gave the company an “underweight” rating in a report on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $138.11.

American Water Works Stock Performance

Shares of AWK stock opened at $126.77 on Wednesday. American Water Works Company, Inc. has a 12 month low of $120.57 and a 12 month high of $147.87. The company’s fifty day simple moving average is $126.93 and its 200-day simple moving average is $130.43. The firm has a market cap of $24.76 billion, a PE ratio of 22.48, a P/E/G ratio of 2.71 and a beta of 0.62. The company has a quick ratio of 0.34, a current ratio of 0.37 and a debt-to-equity ratio of 1.16.

American Water Works (NYSE:AWK) last released its earnings results on Wednesday, April 29th. The utilities provider reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.09). American Water Works had a net margin of 21.17% and a return on equity of 10.20%. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the business posted $1.05 EPS. The firm’s revenue for the quarter 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. Equities research analysts expect 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 declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Tuesday, May 12th were given a dividend of $0.895 per share. This represents a $3.58 annualized dividend and a yield of 2.8%. This is a boost from American Water Works’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend was Tuesday, May 12th. American Water Works’s payout ratio is currently 63.48%.

American Water Works 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.