American Water Works Company, Inc. $AWK Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp decreased its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 34.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,730 shares of the utilities provider’s stock after selling 7,147 shares during the quarter. Texas Permanent School Fund Corp’s holdings in American Water Works were worth $1,910,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new position in American Water Works during the second quarter worth about $344,645,000. BROOKFIELD Corp ON lifted its holdings in shares of American Water Works by 2,486.6% during the 1st quarter. BROOKFIELD Corp ON now owns 571,080 shares of the utilities provider’s stock worth $84,246,000 after acquiring an additional 549,002 shares during the period. Invesco Ltd. lifted its holdings in shares of American Water Works by 16.8% during the 2nd quarter. Invesco Ltd. now owns 3,442,004 shares of the utilities provider’s stock worth $478,817,000 after acquiring an additional 494,868 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in shares of American Water Works by 928.1% in the second quarter. Robeco Institutional Asset Management B.V. now owns 531,260 shares of the utilities provider’s stock worth $73,904,000 after acquiring an additional 479,586 shares during the last quarter. Finally, Raymond James Financial Inc. grew its holdings in American Water Works by 81.8% in the second quarter. Raymond James Financial Inc. now owns 1,043,899 shares of the utilities provider’s stock valued at $145,217,000 after purchasing an additional 469,641 shares during the period. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AWK. Jefferies Financial Group upgraded shares of American Water Works from an “underperform” rating to a “hold” rating and lifted their price target for the company from $114.00 to $124.00 in a report on Wednesday, November 5th. TD Cowen began coverage on American Water Works in a report on Thursday, October 16th. They issued a “hold” rating and a $155.00 target price on the stock. Wells Fargo & Company began coverage on American Water Works in a research report on Monday, October 27th. They set an “equal weight” rating and a $142.00 price target for the company. Mizuho set a $145.00 price objective on American Water Works in a report on Tuesday, October 28th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Water Works in a research note on Monday, December 15th. One equities research analyst has rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $141.44.

American Water Works Trading Down 2.1%

Shares of AWK opened at $130.28 on Monday. American Water Works Company, Inc. has a 12 month low of $118.74 and a 12 month high of $155.50. The stock’s 50-day moving average is $132.96 and its two-hundred day moving average is $138.16. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.42 and a quick ratio of 0.39. The stock has a market cap of $25.43 billion, a PE ratio of 22.90, a P/E/G ratio of 3.35 and a beta of 0.76.

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 business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.36 billion. American Water Works had a return on equity of 10.48% and a net margin of 21.93%.The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.80 earnings per share. 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. Equities analysts forecast that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

American Water Works Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 10th will be given a dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, February 10th. American Water Works’s payout ratio is presently 58.17%.

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.