California Public Employees Retirement System Reduces Stock Position in American Water Works Company, Inc. $AWK

California Public Employees Retirement System cut its holdings in American Water Works Company, Inc. (NYSE:AWK) by 27.5% during the 1st quarter, Holdings Channel reports. The firm owned 397,206 shares of the utilities provider’s stock after selling 150,548 shares during the period. California Public Employees Retirement System’s holdings in American Water Works were worth $54,056,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. State Street Corp raised its position in American Water Works by 4.2% during 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 last quarter. Wellington Management Group LLP grew its position in shares of American Water Works by 3,274.6% in the 4th quarter. Wellington Management Group LLP now owns 7,092,757 shares of the utilities provider’s stock worth $925,605,000 after buying an additional 6,882,575 shares during the last quarter. GQG Partners LLC increased its stake in shares of American Water Works by 64.2% during 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 during the period. Geode Capital Management LLC increased its stake in shares of American Water Works by 0.7% during 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 raised its holdings 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 valued at $544,420,000 after acquiring an additional 275,511 shares in the last quarter. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Analyst Ratings Changes

AWK has been the subject of a number of research analyst reports. Truist Financial dropped their price target on American Water Works from $137.00 to $130.00 and set a “hold” rating for the company in a research note on Friday, May 29th. Wall Street Zen raised shares of American Water Works from a “strong sell” rating to a “sell” rating in a research report on Saturday. Bank of America restated a “neutral” rating on shares of American Water Works in a report on Thursday. JPMorgan Chase & Co. raised their target price on shares of American Water Works from $138.00 to $147.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Finally, Barclays lifted their target price on shares of American Water Works from $124.00 to $130.00 and gave the company an “underweight” rating in a research note on Wednesday, July 15th. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $140.60.

American Water Works Stock Performance

Shares of AWK stock opened at $133.81 on Tuesday. The company’s fifty day moving average price is $127.72 and its 200-day moving average price is $130.66. The stock has a market cap of $26.13 billion, a PE ratio of 23.73, a price-to-earnings-growth ratio of 2.73 and a beta of 0.61. The company has a current ratio of 0.37, a quick ratio of 0.34 and a debt-to-equity ratio of 1.16. American Water Works Company, Inc. has a 12 month low of $120.57 and a 12 month high of $147.87.

American Water Works (NYSE:AWK) last issued its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.09). American Water Works had a return on equity of 10.20% and a net margin of 21.17%.The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the business earned $1.05 earnings per share. The firm’s revenue was up 5.7% compared to the same quarter last year. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. On average, equities analysts expect that American Water Works Company, Inc. will post 6.09 EPS for the current fiscal year.

American Water Works Increases Dividend

The firm also recently announced 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 dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, May 12th. This is a positive change from American Water Works’s previous quarterly dividend of $0.83. American Water Works’s dividend payout ratio is 63.48%.

American Water Works Company 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.