American Water Works Company, Inc. $AWK Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue grew its stake in shares of American Water Works Company, Inc. (NYSE:AWK) by 62.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,156 shares of the utilities provider’s stock after purchasing an additional 12,022 shares during the quarter. State of Alaska Department of Revenue’s holdings in American Water Works were worth $4,034,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Turtle Creek Wealth Advisors LLC boosted its position in American Water Works by 51.1% during the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 4,103 shares of the utilities provider’s stock valued at $583,000 after purchasing an additional 1,388 shares during the period. Curated Wealth Partners LLC bought a new position in American Water Works during the 3rd quarter worth $813,000. Triangle Securities Wealth Management bought a new position in American Water Works during the 3rd quarter worth $551,000. Mather Group LLC. grew its stake in American Water Works by 49.3% during the 3rd quarter. Mather Group LLC. now owns 2,720 shares of the utilities provider’s stock worth $385,000 after buying an additional 898 shares during the last quarter. Finally, Fortitude Family Office LLC grew its stake in American Water Works by 109.0% during the 3rd quarter. Fortitude Family Office LLC now owns 466 shares of the utilities provider’s stock worth $66,000 after buying an additional 243 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on AWK. Bank of America reaffirmed a “neutral” rating on shares of American Water Works in a research report on Thursday, July 16th. Wall Street Zen raised shares of American Water Works from a “strong sell” rating to a “sell” rating in a report on Monday, August 3rd. Truist Financial set a $139.00 price target on shares of American Water Works in a report on Tuesday, August 4th. Mizuho upped their price target on shares of American Water Works from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Finally, JPMorgan Chase & Co. increased their price objective on shares of American Water Works from $138.00 to $147.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, American Water Works currently has an average rating of “Hold” and an average price target of $137.12.

American Water Works Stock Performance

AWK opened at $135.04 on Friday. The business’s 50 day moving average is $134.90 and its 200-day moving average is $131.95. The stock has a market cap of $26.84 billion, a PE ratio of 23.40, a price-to-earnings-growth ratio of 2.75 and a beta of 0.58. The company has a current ratio of 0.52, a quick ratio of 0.49 and a debt-to-equity ratio of 1.20. American Water Works Company, Inc. has a twelve month low of $120.57 and a twelve month high of $145.64.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.08. American Water Works had a return on equity of 10.20% and a net margin of 21.35%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same period in the previous year, the firm posted $1.48 earnings per share. The business’s revenue was up 6.2% on a year-over-year basis. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. On average, analysts predict 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 announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Tuesday, August 11th were paid a dividend of $0.8950 per share. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $3.58 annualized dividend and a yield of 2.7%. American Water Works’s payout ratio is presently 62.05%.

About American Water Works

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.