Retirement Systems of Alabama Has $8.88 Million Stock Holdings in American Water Works Company, Inc. (NYSE:AWK)

Posted by on May 2nd, 2023

Retirement Systems of Alabama cut its stake in shares of American Water Works Company, Inc. (NYSE:AWK – Get Rating) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 58,252 shares of the utilities provider’s stock after selling 2,128 shares during the period. Retirement Systems of Alabama’s holdings in American Water Works were worth $8,879,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of AWK. Dimensional Fund Advisors LP lifted its stake in American Water Works by 5.1% in the first quarter. Dimensional Fund Advisors LP now owns 623,854 shares of the utilities provider’s stock valued at $103,268,000 after acquiring an additional 30,316 shares during the last quarter. Aviva PLC lifted its stake in American Water Works by 33.1% in the first quarter. Aviva PLC now owns 78,509 shares of the utilities provider’s stock valued at $12,996,000 after acquiring an additional 19,512 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in American Water Works by 53.1% in the first quarter. Sequoia Financial Advisors LLC now owns 2,079 shares of the utilities provider’s stock valued at $344,000 after acquiring an additional 721 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of American Water Works by 2.0% in the first quarter. Vanguard Group Inc. now owns 21,960,717 shares of the utilities provider’s stock valued at $3,635,157,000 after buying an additional 434,737 shares during the last quarter. Finally, Brown Brothers Harriman & Co. lifted its position in shares of American Water Works by 21.9% in the first quarter. Brown Brothers Harriman & Co. now owns 2,186 shares of the utilities provider’s stock valued at $362,000 after buying an additional 392 shares during the last quarter. 83.06% of the stock is owned by institutional investors and hedge funds.

American Water Works Price Performance

Shares of American Water Works stock opened at $146.59 on Tuesday. American Water Works Company, Inc. has a twelve month low of $122.77 and a twelve month high of $162.59. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 1.10. The company has a 50-day simple moving average of $144.46 and a two-hundred day simple moving average of $147.99. The stock has a market capitalization of $28.53 billion, a price-to-earnings ratio of 32.22, a price-to-earnings-growth ratio of 3.79 and a beta of 0.57.

American Water Works (NYSE:AWK – Get Rating) last announced its quarterly earnings data on Thursday, April 27th. The utilities provider reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.01). The company had revenue of $938.00 million during the quarter, compared to analyst estimates of $903.84 million. American Water Works had a net margin of 21.40% and a return on equity of 10.22%. American Water Works’s revenue was up 11.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.87 earnings per share. Analysts forecast that American Water Works Company, Inc. will post 4.77 EPS for the current year.

American Water Works Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Tuesday, May 9th will be issued a $0.7075 dividend. The ex-dividend date is Monday, May 8th. This is a boost from American Water Works’s previous quarterly dividend of $0.66. This represents a $2.83 annualized dividend and a yield of 1.93%. American Water Works’s payout ratio is currently 62.20%.

Analyst Ratings Changes

AWK has been the subject of a number of recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $180.00 price objective on shares of American Water Works in a research report on Tuesday, March 7th. Bank of America raised their target price on shares of American Water Works from $134.00 to $140.00 in a research note on Monday, April 24th. StockNews.com cut shares of American Water Works from a “hold” rating to a “sell” rating in a research note on Tuesday, April 25th. Finally, TheStreet cut shares of American Water Works from a “b” rating to a “c+” rating in a research note on Wednesday, February 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $156.00.

About American Water Works

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American Water Works Co, Inc engages in the provision of complementary water and wastewater services. It operates through the following segments: Regulated Businesses, Market-Based Businesses, and Other. The Regulated Businesses segment offers water and wastewater services to customers. The Market-Based Businesses segment includes the military services group, which enters into long-term contracts with the U.S.

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Institutional Ownership by Quarter for American Water Works (NYSE:AWK)

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