American Water Works Company, Inc. $AWK Stock: State of Alaska Department of Revenue Boosts Stake

Key Points

• Alaska’s Department of Revenue increased its American Water Works stake by 62.8% in the third quarter, bringing its holdings to 31,156 shares valued at approximately $4.03 million. Institutional investors and hedge funds own 86.58% of AWK.
• Analysts remain broadly neutral on the stock, with a consensus “Hold” rating and an average price target of $137.12. AWK recently traded at $135.04, within its 12-month range of $120.57 to $145.64.
• American Water Works exceeded quarterly earnings and revenue expectations, reporting $1.61 in EPS and $1.35 billion in revenue. The company also pays a quarterly dividend of $0.895, equivalent to a 2.7% annualized yield.

State of Alaska Department of Revenue grew its stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 62.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,156 shares of the utilities provider's stock after acquiring an additional 12,022 shares during the period. State of Alaska Department of Revenue's holdings in American Water Works were worth $4,034,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Turtle Creek Wealth Advisors LLC increased its position in shares of American Water Works by 51.1% in the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 4,103 shares of the utilities provider's stock worth $583,000 after purchasing an additional 1,388 shares during the last quarter. Curated Wealth Partners LLC acquired a new stake in shares of American Water Works in the 3rd quarter valued at about $813,000. Triangle Securities Wealth Management acquired a new stake in shares of American Water Works in the 3rd quarter valued at about $551,000. Mather Group LLC. lifted its position in shares of American Water Works by 49.3% during the third quarter. Mather Group LLC. now owns 2,720 shares of the utilities provider's stock worth $385,000 after purchasing an additional 898 shares during the last quarter. Finally, Fortitude Family Office LLC lifted its position in shares of American Water Works by 109.0% during the third quarter. Fortitude Family Office LLC now owns 466 shares of the utilities provider's stock worth $66,000 after purchasing an additional 243 shares during the last quarter. 86.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on AWK. Truist Financial set a $139.00 price target on American Water Works in a research note on Tuesday, August 4th. Barclays boosted their price objective on American Water Works from $124.00 to $130.00 and gave the company an "underweight" rating in a report on Wednesday, July 15th. JPMorgan Chase & Co. upped their price objective on American Water Works from $138.00 to $147.00 and gave the company a "neutral" rating in a research note on Wednesday, July 8th. Bank of America reaffirmed a "neutral" rating on shares of American Water Works in a report on Thursday, July 16th. Finally, Mizuho increased their target price on American Water Works from $130.00 to $140.00 and gave the stock a "neutral" rating in a report on Friday, July 31st. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, American Water Works has a consensus rating of "Hold" and an average price target of $137.12.

American Water Works Stock Performance

American Water Works stock opened at $135.04 on Friday. The company has a market cap of $26.84 billion, a PE ratio of 23.40, a P/E/G ratio of 2.75 and a beta of 0.58. The company has a fifty day moving average price of $134.90 and a two-hundred day moving average price of $131.95. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.52 and a quick ratio of 0.49. American Water Works Company, Inc. has a 12 month low of $120.57 and a 12 month high of $145.64.

American Water Works (NYSE:AWK - Get Free Report) last released its earnings results on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.08. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.33 billion. American Water Works had a net margin of 21.35% and a return on equity of 10.20%. The firm's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.48 earnings per share. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. Research analysts expect that American Water Works Company, Inc. will post 6.09 earnings per share for the current year.

American Water Works Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th were issued a $0.8950 dividend. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $3.58 annualized dividend and a dividend yield of 2.7%. American Water Works's payout ratio is 62.05%.

American Water Works Profile

American Water Works Company, Inc is a public water and wastewater utility that provides essential services to residential, commercial, industrial, and governmental customers in the United States. Through its regulated operations, the company collects, treats, distributes, and manages drinking water, as well as collects and treats wastewater.

The company also provides services through businesses that support utilities, municipalities, military installations, and other public-sector customers.

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