Cidel Asset Management Inc. Has $2.95 Million Stock Position in American Water Works Company, Inc. $AWK

Cidel Asset Management Inc. boosted its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 45.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,706 shares of the utilities provider’s stock after acquiring an additional 6,759 shares during the period. Cidel Asset Management Inc.’s holdings in American Water Works were worth $2,954,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its position in shares of American Water Works by 3,274.6% in the 4th quarter. Wellington Management Group LLP now owns 7,092,757 shares of the utilities provider’s stock worth $925,605,000 after acquiring an additional 6,882,575 shares during the period. Norges Bank bought a new stake in shares of American Water Works during the fourth quarter valued at approximately $337,004,000. GQG Partners LLC raised its stake in shares of American Water Works by 64.2% in the fourth quarter. GQG Partners LLC now owns 6,493,161 shares of the utilities provider’s stock valued at $847,361,000 after purchasing an additional 2,539,683 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of American Water Works by 383.0% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,596,125 shares of the utilities provider’s stock valued at $361,355,000 after purchasing an additional 2,058,656 shares in the last quarter. Finally, Impax Asset Management Group plc lifted its position in American Water Works by 38.0% in the fourth quarter. Impax Asset Management Group plc now owns 2,386,873 shares of the utilities provider’s stock worth $311,487,000 after purchasing an additional 657,849 shares during the period. Institutional investors own 86.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AWK shares. Barclays boosted their price target on shares of American Water Works from $122.00 to $124.00 and gave the company an “underweight” rating in a report on Monday, April 20th. UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $137.00 to $140.00 in a report on Friday, May 29th. Bank of America decreased their target price on shares of American Water Works from $147.00 to $134.00 and set a “neutral” rating on the stock in a research report on Thursday, May 21st. Truist Financial lowered their target price on shares of American Water Works from $137.00 to $130.00 and set a “hold” rating on the stock in a research note on Friday, May 29th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of American Water Works in a research report on Friday, March 27th. Two equities research 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 currently has an average rating of “Hold” and a consensus target price of $138.11.

American Water Works Price Performance

Shares of AWK stock opened at $126.77 on Wednesday. The stock’s fifty day simple moving average is $126.93 and its 200 day simple moving average is $130.43. American Water Works Company, Inc. has a one year low of $120.57 and a one year high of $147.87. The firm has a market cap of $24.76 billion, a price-to-earnings ratio of 22.48, a P/E/G ratio of 2.71 and a beta of 0.62. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.37 and a quick ratio of 0.34.

American Water Works (NYSE:AWK) last released its quarterly earnings data on Wednesday, April 29th. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.09). American Water Works had a return on equity of 10.20% and a net margin of 21.17%.The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the company earned $1.05 earnings per share. The business’s revenue was up 5.7% compared to the same quarter last year. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. On average, analysts expect that American Water Works Company, Inc. will post 6.09 earnings per share 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. Investors of record on Tuesday, May 12th were given a dividend of $0.895 per share. This is an increase from American Water Works’s previous quarterly dividend of $0.83. The ex-dividend date was Tuesday, May 12th. This represents a $3.58 dividend on an annualized basis and a dividend yield of 2.8%. American Water Works’s dividend payout ratio is 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.