American Water Works Company, Inc. $AWK Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System trimmed its position in American Water Works Company, Inc. (NYSE:AWK) by 13.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 791,591 shares of the utilities provider’s stock after selling 127,451 shares during the period. California Public Employees Retirement System’s holdings in American Water Works were worth $110,118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its stake in American Water Works by 881.1% during 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 purchasing an additional 3,327,352 shares during the last quarter. Norges Bank acquired a new stake in shares of American Water Works during the second quarter worth about $344,645,000. Groupama Asset Managment boosted 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 buying an additional 802,639 shares during the last quarter. Nuveen LLC acquired a new position in American Water Works in the 1st quarter worth approximately $103,053,000. Finally, BROOKFIELD Corp ON increased its holdings in American Water Works by 2,486.6% in the 1st quarter. BROOKFIELD Corp ON now owns 571,080 shares of the utilities provider’s stock worth $84,246,000 after buying an additional 549,002 shares during the period. Institutional investors and hedge funds own 86.58% of the company’s stock.

Wall Street Analyst Weigh In

AWK has been the subject of several research reports. Barclays lifted their price objective on shares of American Water Works from $128.00 to $134.00 and gave the company an “underweight” rating in a research note on Tuesday, October 21st. Cowen began coverage on American Water Works in a research report on Wednesday, October 15th. They set a “hold” rating on the stock. TD Cowen started coverage on American Water Works in a research report on Thursday, October 16th. They issued a “hold” rating and a $155.00 price objective for the company. Mizuho set a $145.00 target price on American Water Works in a research note on Tuesday, October 28th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of American Water Works in a research report on Monday, December 1st. One investment analyst has rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $143.00.

American Water Works Trading Up 0.4%

AWK stock opened at $129.51 on Monday. The business’s 50-day moving average is $134.57 and its 200 day moving average is $138.93. American Water Works Company, Inc. has a 12-month low of $118.74 and a 12-month high of $155.50. The stock has a market cap of $25.27 billion, a price-to-earnings ratio of 22.76, a PEG ratio of 3.34 and a beta of 0.76. The company has a current ratio of 0.42, a quick ratio of 0.39 and a debt-to-equity ratio of 1.19.

American Water Works (NYSE:AWK) last issued its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.04. American Water Works had a return on equity of 10.48% and a net margin of 21.93%.The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the previous year, the company posted $1.80 earnings per share. The business’s revenue was up 9.7% on a year-over-year basis. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS and its FY 2026 guidance at 6.020-6.120 EPS. On average, sell-side analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 10th will be paid a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, February 10th. American Water Works’s payout ratio is 58.17%.

American Water Works Company Profile

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.