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

Cibc World Market Inc. bought a new position in shares of American Water Works Company, Inc. (NYSE:AWK) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 44,841 shares of the utilities provider’s stock, valued at approximately $5,900,000.

A number of other large investors also recently made changes to their positions in the company. Reflection Asset Management acquired a new position in American Water Works in the 4th quarter valued at $25,000. Transamerica Financial Advisors LLC lifted its holdings in shares of American Water Works by 82.6% during the fourth quarter. Transamerica Financial Advisors LLC now owns 199 shares of the utilities provider’s stock worth $26,000 after buying an additional 90 shares in the last quarter. Ascentis Independent Advisors acquired a new stake in shares of American Water Works during the first quarter worth $27,000. Nemes Rush Group LLC bought a new stake in shares of American Water Works in the fourth quarter valued at about $27,000. Finally, Harborfront Financial Group LLC bought a new stake in shares of American Water Works in the second quarter valued at about $29,000. Institutional investors own 86.58% of the company’s stock.

American Water Works Trading Down 1.7%

Shares of NYSE AWK opened at $137.58 on Wednesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.49 and a current ratio of 0.52. American Water Works Company, Inc. has a 52-week low of $120.57 and a 52-week high of $145.64. The firm has a 50 day moving average price of $133.40 and a two-hundred day moving average price of $131.73. The stock has a market cap of $27.34 billion, a P/E ratio of 23.84, a price-to-earnings-growth ratio of 2.85 and a beta of 0.60.

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. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. American Water Works had a net margin of 21.35% and a return on equity of 10.20%. American Water Works’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.48 earnings per share. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. As a group, equities analysts forecast that American Water Works Company, Inc. will post 6.09 EPS for the current year.

American Water Works Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Truist Financial set a $139.00 price target on shares of American Water Works in a research report on Tuesday, August 4th. Barclays boosted their target price on shares of 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 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 report on Thursday, July 2nd. JPMorgan Chase & Co. increased their price target on American Water Works from $138.00 to $147.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Finally, Mizuho boosted their price objective on American Water Works from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target 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.