Cibc World Market Inc. Invests $5.90 Million in American Water Works Company, Inc. $AWK

Cibc World Market Inc. acquired a new stake in American Water Works Company, Inc. (NYSE:AWK) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 44,841 shares of the utilities provider’s stock, valued at approximately $5,900,000.

A number of other hedge funds and other institutional investors have also modified their holdings of AWK. Reflection Asset Management acquired a new position in American Water Works during the fourth quarter valued at approximately $25,000. Transamerica Financial Advisors LLC increased its position in shares of American Water Works by 82.6% during the 4th quarter. Transamerica Financial Advisors LLC now owns 199 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 90 shares during the last quarter. Nemes Rush Group LLC bought a new stake in shares of American Water Works during the 4th quarter worth approximately $27,000. Ascentis Independent Advisors acquired a new stake in shares of American Water Works in the 1st quarter valued at approximately $27,000. Finally, MV Capital Management Inc. bought a new position in shares of American Water Works in the fourth quarter valued at $29,000. Institutional investors and hedge funds own 86.58% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. UBS Group upped their price target on shares of American Water Works from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Truist Financial set a $139.00 price objective on shares of American Water Works in a research report on Tuesday, August 4th. JPMorgan Chase & Co. boosted their price objective on shares of American Water Works from $138.00 to $147.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Mizuho upped their target price 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. Finally, Bank of America reiterated a “neutral” rating on shares of American Water Works in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $138.78.

American Water Works Stock Down 1.7%

AWK stock opened at $137.58 on Wednesday. American Water Works Company, Inc. has a 1-year low of $120.57 and a 1-year high of $145.64. The business’s 50 day simple moving average is $133.40 and its 200 day simple moving average is $131.73. The company has a current ratio of 0.52, a quick ratio of 0.49 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $27.34 billion, a PE ratio of 23.84, a PEG ratio of 2.85 and a beta of 0.60.

American Water Works (NYSE:AWK) last announced its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share (EPS) for the quarter, beating 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 quarter last year, the firm posted $1.48 EPS. The company’s quarterly 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. As a group, research analysts anticipate that American Water Works Company, Inc. will post 6.09 EPS for the current year.

American Water Works Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be paid a dividend of $0.895 per share. This represents a $3.58 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Tuesday, August 11th. American Water Works’s dividend payout ratio (DPR) is currently 62.05%.

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.