Oregon Public Employees Retirement Fund lifted its stake in shares of American Water Works Company, Inc. (NYSE:AWK – Free Report) by 32.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,246 shares of the utilities provider’s stock after acquiring an additional 5,391 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in American Water Works were worth $3,096,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in American Water Works by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 25,629,133 shares of the utilities provider’s stock valued at $3,565,269,000 after purchasing an additional 380,870 shares in the last quarter. State Street Corp raised its holdings in shares of American Water Works by 2.6% in the second quarter. State Street Corp now owns 11,430,863 shares of the utilities provider’s stock valued at $1,590,147,000 after acquiring an additional 286,053 shares in the last quarter. Geode Capital Management LLC lifted its stake in American Water Works by 2.1% in the second quarter. Geode Capital Management LLC now owns 4,949,996 shares of the utilities provider’s stock worth $685,662,000 after acquiring an additional 103,595 shares during the period. Amundi grew its holdings in American Water Works by 4.8% during the 2nd quarter. Amundi now owns 3,926,541 shares of the utilities provider’s stock worth $559,951,000 after acquiring an additional 179,127 shares in the last quarter. Finally, Invesco Ltd. increased its position in American Water Works by 16.8% during the 2nd quarter. Invesco Ltd. now owns 3,442,004 shares of the utilities provider’s stock valued at $478,817,000 after purchasing an additional 494,868 shares during the period. Institutional investors own 86.58% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on AWK shares. Mizuho set a $145.00 price target on shares of American Water Works in a research report on Tuesday, October 28th. UBS Group set a $149.00 target price on American Water Works in a research report on Wednesday, December 17th. Cowen began coverage on American Water Works in a report on Wednesday, October 15th. They issued a “hold” rating on the stock. TD Cowen began coverage on American Water Works in a research note on Thursday, October 16th. They set a “hold” rating and a $155.00 price objective for the company. Finally, Wells Fargo & Company started coverage on American Water Works in a research note on Monday, October 27th. They issued an “equal weight” rating and a $142.00 target price on the stock. One equities research 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, the company has a consensus rating of “Hold” and a consensus price target of $141.44.
American Water Works Stock Down 1.0%
American Water Works stock opened at $127.94 on Monday. American Water Works Company, Inc. has a 1-year low of $118.74 and a 1-year high of $155.50. The business has a fifty day moving average price of $130.20 and a 200-day moving average price of $136.99. 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 capitalization of $24.97 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 3.10 and a beta of 0.76.
American Water Works (NYSE:AWK – Get Free Report) last announced its earnings results on Wednesday, October 29th. The utilities provider reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.04. The company had revenue of $1.45 billion for 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 firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.80 EPS. 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 research analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.
American Water Works Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 10th will be paid a $0.8275 dividend. The ex-dividend date is Tuesday, February 10th. This represents a $3.31 dividend on an annualized basis and a yield of 2.6%. American Water Works’s dividend payout ratio (DPR) is 58.17%.
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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