Arizona State Retirement System Has $6.99 Million Stock Holdings in American Water Works Company, Inc. $AWK

Arizona State Retirement System trimmed its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 6.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 53,558 shares of the utilities provider’s stock after selling 3,935 shares during the period. Arizona State Retirement System’s holdings in American Water Works were worth $6,989,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in AWK. Salomon & Ludwin LLC grew its position in American Water Works by 71.7% in the fourth quarter. Salomon & Ludwin LLC now owns 194 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 81 shares during the period. American National Bank & Trust bought a new position in shares of American Water Works during the third quarter valued at $26,000. Grey Fox Wealth Advisors LLC bought a new position in shares of American Water Works during the third quarter valued at $27,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of American Water Works in the 3rd quarter valued at $28,000. Finally, Cloud Capital Management LLC bought a new stake in shares of American Water Works in the 3rd quarter worth about $29,000. 86.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on AWK shares. Wall Street Zen upgraded shares of American Water Works from a “strong sell” rating to a “sell” rating in a research report on Sunday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Water Works in a research note on Friday, March 27th. Truist Financial started coverage on shares of American Water Works in a report on Tuesday, April 21st. They set a “hold” rating and a $137.00 price objective for the company. Bank of America upgraded shares of American Water Works from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $117.00 to $139.00 in a research note on Monday, January 12th. Finally, Wells Fargo & Company set a $131.00 target price on American Water Works in a report on Tuesday, April 21st. One 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 MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $141.20.

American Water Works Trading Up 0.1%

Shares of NYSE AWK opened at $132.59 on Monday. American Water Works Company, Inc. has a 1-year low of $121.28 and a 1-year high of $150.51. The company has a market cap of $25.89 billion, a PE ratio of 23.30, a P/E/G ratio of 2.92 and a beta of 0.74. The company has a current ratio of 0.46, a quick ratio of 0.44 and a debt-to-equity ratio of 1.18. The company has a 50-day moving average of $135.14 and a two-hundred day moving average of $132.83.

American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $1.24 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.04). American Water Works had a net margin of 21.61% and a return on equity of 10.38%. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the company earned $1.15 earnings per share. American Water Works’s revenue for the quarter was up 5.8% compared to the same quarter last year. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. As a group, equities analysts expect that American Water Works Company, Inc. will post 6.09 earnings per share for the current fiscal year.

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.