CIBC Asset Management Inc Boosts Stake in American Water Works Company, Inc. $AWK

CIBC Asset Management Inc lifted its holdings in American Water Works Company, Inc. (NYSE:AWK) by 66.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,115 shares of the utilities provider’s stock after buying an additional 18,866 shares during the period. CIBC Asset Management Inc’s holdings in American Water Works were worth $6,149,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Salomon & Ludwin LLC increased its position in shares of American Water Works by 71.7% during the fourth quarter. Salomon & Ludwin LLC now owns 194 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 81 shares during the last quarter. Atlantic Union Bankshares Corp grew its stake in American Water Works by 803.1% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 289 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 257 shares in the last quarter. Midwest Capital Advisors LLC purchased a new position in American Water Works in the fourth quarter worth approximately $39,000. Elevation Wealth Partners LLC acquired a new position in American Water Works during the 4th quarter worth approximately $40,000. Finally, Clayton Financial Group LLC acquired a new position in American Water Works during the 4th quarter worth approximately $40,000. 86.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Truist Financial reduced their price objective on shares of American Water Works from $137.00 to $130.00 and set a “hold” rating for the company in a research report on Friday, May 29th. Wall Street Zen upgraded shares of American Water Works from a “strong sell” rating to a “sell” rating in a research report on Sunday, April 26th. Wells Fargo & Company set a $131.00 price objective on shares of American Water Works in a research report on Tuesday, April 21st. UBS Group upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $137.00 to $140.00 in a research report on Friday, May 29th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Water Works in a research note on Friday, March 27th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, American Water Works presently has an average rating of “Hold” and a consensus target price of $138.11.

American Water Works Price Performance

NYSE:AWK opened at $124.63 on Friday. The firm has a market cap of $24.34 billion, a price-to-earnings ratio of 22.10, a price-to-earnings-growth ratio of 2.70 and a beta of 0.62. The company has a current ratio of 0.37, a quick ratio of 0.34 and a debt-to-equity ratio of 1.16. The company’s 50-day moving average is $129.73 and its two-hundred day moving average is $130.83. American Water Works Company, Inc. has a 12-month low of $120.57 and a 12-month high of $147.87.

American Water Works (NYSE:AWK) last released its earnings results on Wednesday, April 29th. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.09). The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.17 billion. American Water Works had a net margin of 21.17% and a return on equity of 10.20%. American Water Works’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the company posted $1.05 earnings per share. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. Research analysts expect that American Water Works Company, Inc. will post 6.09 EPS for the current year.

American Water Works Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 12th were issued a dividend of $0.895 per share. This represents a $3.58 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Tuesday, May 12th. This is an increase from American Water Works’s previous quarterly dividend of $0.83. American Water Works’s payout ratio is currently 63.48%.

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.