American Water Works Company, Inc. $AWK Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its stake in American Water Works Company, Inc. (NYSE:AWK) by 13.7% in the third quarter, Holdings Channel reports. The fund owned 25,553 shares of the utilities provider’s stock after selling 4,061 shares during the quarter. Teacher Retirement System of Texas’ holdings in American Water Works were worth $3,557,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Parkside Financial Bank & Trust lifted its holdings in American Water Works by 62.4% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,132 shares of the utilities provider’s stock worth $158,000 after buying an additional 435 shares in the last quarter. Tranquility Partners LLC increased its holdings in American Water Works by 6.1% during the 3rd quarter. Tranquility Partners LLC now owns 1,617 shares of the utilities provider’s stock worth $225,000 after purchasing an additional 93 shares during the last quarter. Avidian Wealth Enterprises LLC acquired a new stake in shares of American Water Works during the third quarter worth approximately $650,000. Rakuten Investment Management Inc. acquired a new stake in shares of American Water Works during the third quarter worth approximately $7,692,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of American Water Works by 9.2% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 410,064 shares of the utilities provider’s stock worth $57,077,000 after buying an additional 34,437 shares during the last quarter. 86.58% of the stock is owned by institutional investors and hedge funds.

American Water Works Stock Performance

NYSE:AWK opened at $127.06 on Thursday. The stock has a market cap of $24.80 billion, a P/E ratio of 22.33, a PEG ratio of 3.03 and a beta of 0.76. The company has a quick ratio of 0.39, a current ratio of 0.42 and a debt-to-equity ratio of 1.19. The business’s 50-day moving average price is $130.58 and its two-hundred day moving average price is $136.17. American Water Works Company, Inc. has a twelve month low of $121.39 and a twelve month high of $155.50.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.04. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.36 billion. American Water Works had a net margin of 21.93% and a return on equity of 10.48%. American Water Works’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.80 earnings per share. As a group, equities analysts predict that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 10th will be given a dividend of $0.8275 per share. The ex-dividend date is Tuesday, February 10th. This represents a $3.31 annualized dividend and a dividend yield of 2.6%. American Water Works’s dividend payout ratio (DPR) is 58.17%.

Analyst Upgrades and Downgrades

AWK has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their target price on shares of American Water Works from $142.00 to $126.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 20th. UBS Group set a $149.00 target price on American Water Works in a report on Wednesday, December 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of American Water Works in a research report on Monday, December 29th. Bank of America raised American Water Works from an “underperform” rating to a “neutral” rating and upped their price target for the company from $117.00 to $139.00 in a research report on Monday, January 12th. Finally, Barclays reduced their price objective on American Water Works from $134.00 to $122.00 and set an “underweight” rating on the stock in a research note on Wednesday, December 17th. One investment analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, American Water Works presently has an average rating of “Hold” and a consensus target price of $140.89.

American Water Works 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.