American Water Works Company, Inc. $AWK Stock Position Lifted by Maryland State Retirement & Pension System

Key Points

• Maryland State Retirement & Pension System increased its stake in American Water Works by 6.2%, now holding 185,208 shares valued at $25.76 million.
• American Water Works reported a quarterly EPS of $1.48, missing estimates by $0.05, despite an 11.1% year-over-year revenue increase to $1.28 billion.
• The company recently paid a quarterly dividend of $0.8275 per share, contributing to an annualized yield of 2.3%.

Maryland State Retirement & Pension System boosted its position in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 6.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 185,208 shares of the utilities provider's stock after buying an additional 10,807 shares during the quarter. Maryland State Retirement & Pension System owned 0.09% of American Water Works worth $25,764,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Mirova US LLC boosted its stake in American Water Works by 3.9% during the second quarter. Mirova US LLC now owns 1,680,174 shares of the utilities provider's stock valued at $233,729,000 after buying an additional 63,469 shares in the last quarter. REAP Financial Group LLC boosted its stake in American Water Works by 157.3% during the second quarter. REAP Financial Group LLC now owns 283 shares of the utilities provider's stock valued at $39,000 after buying an additional 173 shares in the last quarter. Friedenthal Financial bought a new position in American Water Works during the second quarter valued at about $84,000. Shell Asset Management Co. boosted its stake in American Water Works by 90.3% during the second quarter. Shell Asset Management Co. now owns 32,284 shares of the utilities provider's stock valued at $4,491,000 after buying an additional 15,323 shares in the last quarter. Finally, KLP Kapitalforvaltning AS boosted its stake in American Water Works by 0.9% during the second quarter. KLP Kapitalforvaltning AS now owns 115,086 shares of the utilities provider's stock valued at $16,010,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 86.58% of the company's stock.

American Water Works Trading Down 1.0%

Shares of NYSE AWK opened at $141.09 on Thursday. American Water Works Company, Inc. has a one year low of $118.74 and a one year high of $155.50. The firm has a market capitalization of $27.53 billion, a PE ratio of 25.42, a PEG ratio of 3.37 and a beta of 0.70. The company has a current ratio of 0.35, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The business has a 50-day moving average price of $140.91 and a two-hundred day moving average price of $142.13.

American Water Works (NYSE:AWK - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.48 EPS for the quarter, missing analysts' consensus estimates of $1.53 by ($0.05). American Water Works had a return on equity of 10.34% and a net margin of 21.91%.The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the business posted $1.42 earnings per share. The company's revenue was up 11.1% compared to the same quarter last year. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. As a group, analysts predict that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

American Water Works Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 12th were given a dividend of $0.8275 per share. The ex-dividend date was Tuesday, August 12th. This represents a $3.31 dividend on an annualized basis and a yield of 2.3%. American Water Works's dividend payout ratio (DPR) is presently 59.64%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Argus raised their target price on American Water Works from $155.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. Weiss Ratings reiterated a "hold (c+)" rating on shares of American Water Works in a research report on Wednesday. Mizuho increased their price target on American Water Works from $148.00 to $149.00 and gave the company a "neutral" rating in a research report on Friday, August 1st. Barclays decreased their price target on American Water Works from $138.00 to $128.00 and set an "underweight" rating for the company in a research report on Thursday, July 10th. Finally, Wells Fargo & Company decreased their price target on American Water Works from $147.00 to $141.00 and set an "equal weight" rating for the company in a research report on Friday, August 1st. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $143.57.

American Water Works Company Profile

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.5 million active customers. The company serves residential customers; commercial customers, including food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities, such as schools and universities; and other utilities and community water and wastewater systems.

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