55,549 Shares in American Water Works Company, Inc. $AWK Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new position in shares of American Water Works Company, Inc. (NYSE:AWK) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 55,549 shares of the utilities provider’s stock, valued at approximately $7,309,000.

A number of other institutional investors and hedge funds have also bought and sold shares of AWK. BlackRock Inc. purchased a new stake in shares of American Water Works in the 2nd quarter worth $2,712,173,000. State Street Corp increased its stake in shares of American Water Works by 4.2% during the fourth quarter. State Street Corp now owns 12,037,823 shares of the utilities provider’s stock valued at $1,570,936,000 after buying an additional 486,090 shares during the period. GQG Partners LLC bought a new stake in shares of American Water Works in the second quarter valued at about $1,171,477,000. Wellington Management Group LLP raised its holdings in shares of American Water Works by 3,274.6% in 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 acquiring an additional 6,882,575 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in American Water Works by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 5,039,122 shares of the utilities provider’s stock worth $655,025,000 after acquiring an additional 33,359 shares during the period. 86.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on AWK. Wall Street Zen upgraded shares of American Water Works from a “strong sell” rating to a “sell” rating in a report on Monday, August 3rd. Weiss Ratings restated a “hold (c)” rating on shares of American Water Works in a report on Wednesday, June 24th. UBS Group upped their price target on shares of American Water Works from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Mizuho increased their price objective on shares of American Water Works from $130.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Finally, Truist Financial set a $139.00 price objective on shares of American Water Works in a report on Tuesday, August 4th. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $138.78.

American Water Works Stock Performance

Shares of American Water Works stock opened at $137.25 on Wednesday. American Water Works Company, Inc. has a one year low of $120.57 and a one year high of $145.64. The company has a market capitalization of $27.28 billion, a PE ratio of 23.79, a P/E/G ratio of 2.82 and a beta of 0.59. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.49 and a current ratio of 0.52. The company has a 50-day simple moving average of $134.61 and a two-hundred day simple moving average of $132.19.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.61 EPS for the quarter, topping 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%. American Water Works’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.48 EPS. 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 EPS for the current fiscal year.

American Water Works Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th were paid a $0.895 dividend. The ex-dividend date was Tuesday, August 11th. This represents a $3.58 dividend on an annualized basis and a yield of 2.6%. American Water Works’s dividend payout ratio (DPR) is 62.05%.

American Water Works Company Profile

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.