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

California State Teachers Retirement System boosted its holdings in American Water Works Company, Inc. (NYSE:AWK) by 10,819.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 62,462,079 shares of the utilities provider’s stock after purchasing an additional 61,890,078 shares during the period. California State Teachers Retirement System owned about 0.31% of American Water Works worth $8,218,760,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in American Water Works during the 2nd quarter worth approximately $2,712,173,000. GQG Partners LLC acquired a new stake in shares of American Water Works during the second quarter worth approximately $1,171,477,000. Wellington Management Group LLP increased its stake 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 worth $925,605,000 after buying an additional 6,882,575 shares during the last quarter. Legal & General Group Plc bought a new stake in shares of American Water Works in the second quarter worth $443,787,000. Finally, Bank of America Corp DE acquired a new stake in American Water Works in the second quarter valued at $367,632,000. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Stock Performance

American Water Works stock opened at $140.46 on Wednesday. The company 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. The company has a fifty day moving average price of $135.51 and a two-hundred day moving average price of $132.49. 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) last issued its earnings results on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.08. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations 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 was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company 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 disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Tuesday, August 11th were given a dividend of $0.895 per share. This represents a $3.58 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Tuesday, August 11th. American Water Works’s dividend payout ratio is currently 62.05%.

Wall Street Analyst Weigh In

AWK has been the topic of a number of research analyst reports. Barclays increased their price objective on shares of American Water Works from $124.00 to $130.00 and gave the company an “underweight” rating in a research note on Wednesday, July 15th. JPMorgan Chase & Co. upped their target price on shares of American Water Works from $138.00 to $147.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Water Works in a research report on Wednesday, June 24th. Truist Financial set a $139.00 price target on American Water Works in a research note on Tuesday, August 4th. Finally, UBS Group boosted their price objective on American Water Works from $140.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. One investment 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 has a consensus rating of “Hold” and an average target price of $138.78.

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.