Commerzbank Aktiengesellschaft FI Purchases 11,829 Shares of American Water Works Company, Inc. $AWK

Commerzbank Aktiengesellschaft FI increased its holdings in American Water Works Company, Inc. (NYSE:AWK) by 199.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,764 shares of the utilities provider’s stock after acquiring an additional 11,829 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in American Water Works were worth $2,473,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Swedbank AB increased its holdings in American Water Works by 88.5% during the third quarter. Swedbank AB now owns 257,413 shares of the utilities provider’s stock worth $35,829,000 after buying an additional 120,890 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of American Water Works by 31.7% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 136,504 shares of the utilities provider’s stock valued at $19,000,000 after acquiring an additional 32,834 shares during the period. Asset Management One Co. Ltd. increased its stake in shares of American Water Works by 7.2% during the 3rd quarter. Asset Management One Co. Ltd. now owns 116,690 shares of the utilities provider’s stock worth $16,242,000 after purchasing an additional 7,831 shares during the last quarter. LGT Fund Management Co Ltd. increased its stake in shares of American Water Works by 144.4% during the 2nd quarter. LGT Fund Management Co Ltd. now owns 14,729 shares of the utilities provider’s stock worth $2,049,000 after purchasing an additional 8,703 shares during the last quarter. Finally, St. Johns Investment Management Company LLC raised its holdings in shares of American Water Works by 11.2% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 3,652 shares of the utilities provider’s stock worth $508,000 after purchasing an additional 368 shares during the period. 86.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AWK. Wells Fargo & Company reduced their price objective on American Water Works from $142.00 to $126.00 and set an “equal weight” rating for the company in a report on Tuesday, January 20th. Bank of America raised American Water Works from an “underperform” rating to a “neutral” rating and upped their price target for the company from $117.00 to $139.00 in a research report on Monday, January 12th. Jefferies Financial Group raised American Water Works from an “underperform” rating to a “hold” rating and lifted their price objective for the stock from $114.00 to $124.00 in a report on Wednesday, November 5th. UBS Group set a $149.00 price objective on American Water Works in a research note on Wednesday, December 17th. Finally, TD Cowen began coverage on shares of American Water Works in a research report on Thursday, October 16th. They set a “hold” rating and a $155.00 target price for the company. One equities research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $139.60.

American Water Works Trading Down 1.5%

Shares of AWK opened at $129.58 on Monday. American Water Works Company, Inc. has a twelve month low of $121.30 and a twelve month high of $155.50. The stock has a market cap of $25.29 billion, a PE ratio of 22.77, a P/E/G ratio of 3.01 and a beta of 0.76. The company has a quick ratio of 0.39, a current ratio of 0.42 and a debt-to-equity ratio of 1.19. The business’s 50-day moving average price is $130.61 and its 200-day moving average price is $136.40.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $1.94 EPS for the quarter, beating the consensus estimate of $1.90 by $0.04. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.36 billion. American Water Works had a net margin of 21.93% and a return on equity of 10.48%. American Water Works’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.80 earnings per share. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS and its FY 2026 guidance at 6.020-6.120 EPS. On average, equities analysts forecast that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Investors of record on Tuesday, February 10th will be given a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a yield of 2.6%. The ex-dividend date is Tuesday, February 10th. American Water Works’s payout ratio is presently 58.17%.

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.