Police & Firemen s Retirement System of New Jersey Buys 1,230 Shares of American Water Works Company, Inc. $AWK

Police & Firemen s Retirement System of New Jersey raised its stake in American Water Works Company, Inc. (NYSE:AWK) by 4.3% in the second quarter, Holdings Channel.com reports. The firm owned 29,514 shares of the utilities provider’s stock after acquiring an additional 1,230 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in American Water Works were worth $4,106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of AWK. Vanguard Group Inc. raised its position in shares of American Water Works by 0.6% during the first quarter. Vanguard Group Inc. now owns 25,248,263 shares of the utilities provider’s stock valued at $3,724,624,000 after buying an additional 141,038 shares during the last quarter. Geode Capital Management LLC increased its stake in American Water Works by 2.1% during the second quarter. Geode Capital Management LLC now owns 4,949,996 shares of the utilities provider’s stock valued at $685,662,000 after acquiring an additional 103,595 shares during the period. Price T Rowe Associates Inc. MD increased its stake in American Water Works by 881.1% during the first 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 acquiring an additional 3,327,352 shares during the period. Northern Trust Corp raised its holdings in American Water Works by 3.6% in the 1st quarter. Northern Trust Corp now owns 3,479,406 shares of the utilities provider’s stock valued at $513,282,000 after acquiring an additional 121,680 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of American Water Works by 1.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,270,420 shares of the utilities provider’s stock worth $323,671,000 after acquiring an additional 24,239 shares during the period. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Price Performance

NYSE:AWK opened at $131.72 on Friday. The company has a quick ratio of 0.32, a current ratio of 0.35 and a debt-to-equity ratio of 1.15. The firm has a market cap of $25.70 billion, a PE ratio of 23.15, a price-to-earnings-growth ratio of 2.84 and a beta of 0.72. American Water Works Company, Inc. has a 12 month low of $118.74 and a 12 month high of $155.50. The company’s 50-day moving average price is $136.66 and its two-hundred day moving average price is $140.37.

American Water Works (NYSE:AWK) last posted its earnings results on Wednesday, October 29th. The utilities provider reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.04. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.36 billion. American Water Works had a net margin of 21.93% and a return on equity of 10.57%. American Water Works’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.80 earnings per share. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. FY 2026 guidance at 6.020-6.120 EPS. On average, equities analysts anticipate that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Thursday, November 13th will be issued a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Thursday, November 13th. American Water Works’s dividend payout ratio is presently 58.17%.

Wall Street Analyst Weigh In

AWK has been the subject of a number of recent research reports. UBS Group cut their target price on American Water Works from $156.00 to $151.00 and set a “neutral” rating for the company in a research note on Tuesday, August 12th. TD Cowen began coverage on shares of American Water Works in a report on Thursday, October 16th. They issued a “hold” rating and a $155.00 price target on the stock. Barclays increased 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. Wells Fargo & Company assumed coverage on shares of American Water Works in a research report on Monday, October 27th. They set an “equal weight” rating and a $142.00 target price on the stock. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of American Water Works in a research report on Thursday. One analyst has rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, American Water Works has an average rating of “Hold” and a consensus target price of $143.00.

About American Water Works

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.