American Water Works Company, Inc. $AWK Shares Sold by Cibc World Market Inc.

Cibc World Market Inc. reduced its holdings in American Water Works Company, Inc. (NYSE:AWK) by 19.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,281 shares of the utilities provider’s stock after selling 5,529 shares during the quarter. Cibc World Market Inc.’s holdings in American Water Works were worth $3,038,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Sivia Capital Partners LLC acquired a new position in American Water Works in the fourth quarter valued at $278,000. CIBC Asset Management Inc increased its stake in American Water Works by 66.8% during the fourth quarter. CIBC Asset Management Inc now owns 47,115 shares of the utilities provider’s stock worth $6,149,000 after acquiring an additional 18,866 shares during the last quarter. Capital Innovations LLC acquired a new stake in American Water Works during the fourth quarter worth about $4,700,000. Cbre Investment Management Listed Real Assets LLC increased its stake in American Water Works by 82.7% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 21,430 shares of the utilities provider’s stock worth $2,797,000 after acquiring an additional 9,698 shares during the last quarter. Finally, Root Financial Partners LLC increased its stake in American Water Works by 46.6% during the fourth quarter. Root Financial Partners LLC now owns 469 shares of the utilities provider’s stock worth $61,000 after acquiring an additional 149 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.

American Water Works Trading Down 1.6%

Shares of AWK opened at $122.53 on Tuesday. The company has a market capitalization of $23.93 billion, a P/E ratio of 21.73, a P/E/G ratio of 2.70 and a beta of 0.62. American Water Works Company, Inc. has a one year low of $120.57 and a one year high of $147.87. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.34 and a current ratio of 0.37. The stock has a 50-day moving average price of $129.43 and a 200 day moving average price of $130.77.

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

American Water Works Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 12th were issued a dividend of $0.895 per share. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $3.58 dividend on an annualized basis and a yield of 2.9%. This is a boost from American Water Works’s previous quarterly dividend of $0.83. American Water Works’s dividend payout ratio (DPR) is 63.48%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Bank of America dropped their price target on American Water Works from $147.00 to $134.00 and set a “neutral” rating for the company in a research note on Thursday, May 21st. Weiss Ratings restated a “hold (c)” rating on shares of American Water Works in a research note on Friday, March 27th. Wall Street Zen upgraded American Water Works from a “strong sell” rating to a “sell” rating in a research note on Sunday, April 26th. Truist Financial dropped their price target on American Water Works from $137.00 to $130.00 and set a “hold” rating for the company in a research note on Friday, May 29th. Finally, Wells Fargo & Company set a $131.00 price target on American Water Works in a research note on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, American Water Works presently has a consensus rating of “Hold” and a consensus target price of $138.11.

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.