American Water Works Company, Inc. $AWK Shares Purchased by CIBC Asset Management Inc

CIBC Asset Management Inc raised its position in American Water Works Company, Inc. (NYSE:AWK) by 66.8% in the 4th quarter, Holdings Channel reports. The fund owned 47,115 shares of the utilities provider’s stock after purchasing 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 SEC filing.

Several other large investors also recently bought and sold shares of the company. Salomon & Ludwin LLC grew 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 worth $25,000 after buying an additional 81 shares in the last quarter. Atlantic Union Bankshares Corp boosted its holdings in American Water Works by 803.1% in the third quarter. Atlantic Union Bankshares Corp now owns 289 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 257 shares during the period. Midwest Capital Advisors LLC acquired a new position in American Water Works in the fourth quarter worth $39,000. Elevation Wealth Partners LLC acquired a new position in American Water Works in the fourth quarter worth $40,000. Finally, Clayton Financial Group LLC bought a new stake in American Water Works in the fourth quarter valued at $40,000. Institutional investors and hedge funds own 86.58% of the company’s stock.

American Water Works Trading Up 1.9%

Shares of NYSE AWK opened at $124.63 on Friday. The stock has a market cap of $24.34 billion, a price-to-earnings ratio of 22.10, a PEG ratio of 2.70 and a beta of 0.62. 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 business has a 50 day simple moving average of $129.73 and a 200 day simple moving average of $130.83. American Water Works Company, Inc. has a 52 week low of $120.57 and a 52 week high of $147.87.

American Water Works (NYSE:AWK) last announced 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 company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.17 billion. American Water Works had a return on equity of 10.20% and a net margin of 21.17%.The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.05 EPS. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. On average, research analysts predict that American Water Works Company, Inc. will post 6.09 earnings per share for the current fiscal year.

American Water Works Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Tuesday, May 12th were given a $0.895 dividend. This is a positive change from American Water Works’s previous quarterly dividend of $0.83. This represents a $3.58 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, May 12th. American Water Works’s dividend payout ratio (DPR) is currently 63.48%.

Analyst Ratings Changes

AWK has been the topic of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of American Water Works in a research note on Friday, March 27th. UBS Group raised American Water Works from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $137.00 to $140.00 in a report on Friday, May 29th. Bank of America lowered their target price on American Water Works from $147.00 to $134.00 and set a “neutral” rating on the stock in a report on Thursday, May 21st. Barclays boosted their price objective on American Water Works from $122.00 to $124.00 and gave the stock an “underweight” rating in a report on Monday, April 20th. Finally, Truist Financial cut their price objective on American Water Works from $137.00 to $130.00 and set a “hold” rating on the stock in a report on Friday, May 29th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, American Water Works currently has a consensus rating of “Hold” and a consensus target price of $138.11.

American Water Works Company 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.