American Water Works Company, Inc. $AWK Shares Bought by California State Teachers Retirement System

California State Teachers Retirement System raised its position in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 10,819.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,462,079 shares of the utilities provider's stock after purchasing an additional 61,890,078 shares during the quarter. California State Teachers Retirement System owned 31.43% of American Water Works worth $8,218,760,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of AWK. BlackRock Inc. acquired a new stake in American Water Works during the 2nd quarter worth approximately $2,712,173,000. GQG Partners LLC purchased a new position in American Water Works in the second quarter valued at approximately $1,171,477,000. Wellington Management Group LLP lifted its position in American Water Works by 3,274.6% during the fourth quarter. Wellington Management Group LLP now owns 7,092,757 shares of the utilities provider's stock valued at $925,605,000 after buying an additional 6,882,575 shares in the last quarter. Legal & General Group Plc purchased a new stake in American Water Works during the second quarter worth approximately $443,787,000. Finally, Bank of America Corp DE purchased a new stake in American Water Works during the second quarter worth approximately $367,632,000. 86.58% of the stock is owned by institutional investors and hedge funds.

American Water Works Stock Down 0.2%

NYSE AWK opened at $140.46 on Wednesday. The company has a quick ratio of 0.49, a current ratio of 0.52 and a debt-to-equity ratio of 1.20. American Water Works Company, Inc. has a fifty-two week low of $120.57 and a fifty-two week high of $145.64. The business has a 50 day moving average price of $135.51 and a two-hundred day moving average price of $132.49. The stock has a market cap of $27.91 billion, a PE ratio of 24.34, a P/E/G ratio of 2.87 and a beta of 0.59.

American Water Works (NYSE:AWK - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.53 by $0.08. American Water Works had a net margin of 21.35% and a return on equity of 10.20%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter last year, the firm posted $1.48 earnings per share. The business's quarterly revenue was up 6.2% on a year-over-year basis. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. As a group, sell-side analysts predict that American Water Works Company, Inc. will post 6.09 EPS for the current fiscal year.

American Water Works Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th were issued a dividend of $0.895 per share. This represents a $3.58 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Tuesday, August 11th. American Water Works's dividend payout ratio (DPR) is presently 62.05%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AWK. Weiss Ratings reissued a "hold (c)" rating on shares of American Water Works in a research note on Wednesday, June 24th. Truist Financial set a $139.00 price target on shares of American Water Works in a research report on Tuesday, August 4th. Bank of America reiterated a "neutral" rating on shares of American Water Works in a report on Thursday, July 16th. Wall Street Zen raised American Water Works from a "strong sell" rating to a "sell" rating in a research report on Monday, August 3rd. Finally, Barclays boosted their price objective on American Water Works from $124.00 to $130.00 and gave the stock an "underweight" rating in a research note on Wednesday, July 15th. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $138.78.

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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