State of Michigan Retirement System Raises Position in American Water Works Company, Inc. $AWK

State of Michigan Retirement System lifted its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 2.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,197 shares of the utilities provider’s stock after purchasing an additional 1,700 shares during the period. State of Michigan Retirement System’s holdings in American Water Works were worth $8,374,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of AWK. Price T Rowe Associates Inc. MD increased its stake in shares of American Water Works by 881.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,704,995 shares of the utilities provider’s stock worth $546,562,000 after purchasing an additional 3,327,352 shares during the last quarter. Pictet Asset Management Holding SA increased its stake in shares of American Water Works by 24.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 4,532,131 shares of the utilities provider’s stock worth $668,566,000 after purchasing an additional 878,951 shares during the last quarter. Groupama Asset Managment increased its stake in shares of American Water Works by 114.3% during the 1st quarter. Groupama Asset Managment now owns 1,505,106 shares of the utilities provider’s stock worth $2,296,000 after purchasing an additional 802,639 shares during the last quarter. Nuveen LLC purchased a new stake in shares of American Water Works during the 1st quarter worth approximately $103,053,000. Finally, BROOKFIELD Corp ON increased its stake in shares of American Water Works by 2,486.6% during the 1st quarter. BROOKFIELD Corp ON now owns 571,080 shares of the utilities provider’s stock worth $84,246,000 after purchasing an additional 549,002 shares during the last quarter. Hedge funds and other institutional investors own 86.58% of the company’s stock.

American Water Works Stock Down 1.9%

AWK opened at $126.05 on Tuesday. The company has a fifty day moving average price of $138.96 and a 200-day moving average price of $141.37. The firm has a market capitalization of $24.60 billion, a P/E ratio of 22.15, a price-to-earnings-growth ratio of 2.84 and a beta of 0.70. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.35 and a quick ratio of 0.32. American Water Works Company, Inc. has a one year low of $118.74 and a one year high of $155.50.

American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.04. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.36 billion. American Water Works had a net margin of 21.93% and a return on equity of 10.57%. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.80 EPS. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. FY 2026 guidance at 6.020-6.120 EPS. Equities research analysts expect that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

American Water Works Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 2nd. Stockholders of record on Thursday, November 13th will be given a dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Thursday, November 13th. American Water Works’s payout ratio is 58.17%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. UBS Group decreased their price target on shares of American Water Works from $156.00 to $151.00 and set a “neutral” rating for the company in a research note on Tuesday, August 12th. Mizuho set a $145.00 price objective on shares of American Water Works in a research note on Tuesday, October 28th. Argus lifted their price objective on shares of 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 note on Wednesday, October 8th. Finally, Cowen began coverage on shares of American Water Works in a research note on Wednesday, October 15th. They issued a “hold” rating for the company. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $145.38.

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.