Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its position in shares of American Water Works Company, Inc. (NYSE:AWK – Free Report) by 8.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 345,683 shares of the utilities provider’s stock after selling 31,658 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in American Water Works were worth $47,044,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Salomon & Ludwin LLC boosted its stake 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 valued at $25,000 after purchasing an additional 81 shares in the last quarter. Reflection Asset Management bought a new stake in American Water Works in the fourth quarter worth approximately $25,000. Transamerica Financial Advisors LLC boosted its holdings in American Water Works by 82.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 199 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 90 shares in the last quarter. Nemes Rush Group LLC bought a new position in shares of American Water Works in the fourth quarter valued at $27,000. Finally, Ascentis Independent Advisors purchased a new position in shares of American Water Works during the first quarter valued at approximately $27,000. Institutional investors own 86.58% of the company’s stock.
Analysts Set New Price Targets
Several analysts have issued reports on AWK shares. Wall Street Zen upgraded American Water Works from a “strong sell” rating to a “sell” rating in a research note on Sunday, April 26th. JPMorgan Chase & Co. raised their price objective on American Water Works from $138.00 to $147.00 and gave the company a “neutral” rating in a research note on Wednesday. Truist Financial reduced their target price on American Water Works from $137.00 to $130.00 and set a “hold” rating on the stock in a research note on Friday, May 29th. Bank of America reduced their target price on shares of American Water Works from $147.00 to $134.00 and set a “neutral” rating on the stock in a research report on Thursday, May 21st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of American Water Works in a research report on Wednesday, June 24th. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, American Water Works has a consensus rating of “Hold” and an average price target of $140.00.
American Water Works Trading Up 0.2%
NYSE AWK traded up $0.23 during trading on Friday, hitting $130.78. The stock had a trading volume of 1,679,113 shares, compared to its average volume of 2,328,022. The stock has a 50 day simple moving average of $126.96 and a 200 day simple moving average of $130.59. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.34 and a current ratio of 0.37. The stock has a market capitalization of $25.54 billion, a price-to-earnings ratio of 23.19, a P/E/G ratio of 2.84 and a beta of 0.61. American Water Works Company, Inc. has a one year low of $120.57 and a one year high of $147.87.
American Water Works (NYSE:AWK – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.09). The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.17 billion. American Water Works had a net margin of 21.17% and a return on equity of 10.20%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.05 earnings per share. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. Sell-side analysts predict that American Water Works Company, Inc. will post 6.08 earnings per share for the current year.
American Water Works Increases Dividend
The company 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 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Tuesday, May 12th. This is an increase from American Water Works’s previous quarterly dividend of $0.83. American Water Works’s payout ratio is 63.48%.
About American Water Works
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.
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