Saudi Central Bank Has $1.80 Million Holdings in American Water Works Company, Inc. $AWK

Saudi Central Bank lifted its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 89.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,670 shares of the utilities provider’s stock after buying an additional 6,466 shares during the quarter. Saudi Central Bank’s holdings in American Water Works were worth $1,799,000 at the end of the most recent reporting period.

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

American Water Works Stock Performance

AWK stock opened at $140.46 on Wednesday. The firm 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 quick ratio of 0.49, a current ratio of 0.52 and a debt-to-equity ratio of 1.20. The business has a 50 day moving average of $135.51 and a 200-day moving average of $132.49. 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 quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.61 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the company posted $1.48 earnings per share. American Water Works’s quarterly revenue was up 6.2% compared to the same quarter last year. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. As a group, sell-side 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 announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th were paid 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 was Tuesday, August 11th. American Water Works’s payout ratio is presently 62.05%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Mizuho upped their price objective on shares of American Water Works from $130.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Barclays upped their price target on American Water Works from $124.00 to $130.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 15th. UBS Group increased their price target on American Water Works from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. JPMorgan Chase & Co. boosted their price objective on American Water Works from $138.00 to $147.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Finally, Truist Financial set a $139.00 target price on American Water Works in a report on Tuesday, August 4th. One research 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 MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $138.78.

About American Water Works

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.