Cbre Investment Management Listed Real Assets LLC Acquires 186,460 Shares of American Water Works Company, Inc. $AWK

Key Points

• Cbre Investment Management Listed Real Assets LLC significantly increased its stake in American Water Works, acquiring an additional 186,460 shares for a total of 191,185 shares, valued at approximately $28.2 million.
• American Water Works announced a quarterly dividend of $0.8275 per share, scheduled for payment on September 3rd, representing an annualized yield of 2.3%.
• Analysts have revised their price targets for American Water Works, with a consensus rating of "Reduce" and an average price target of around $143.30.

Cbre Investment Management Listed Real Assets LLC grew its stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 3,946.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 191,185 shares of the utilities provider's stock after purchasing an additional 186,460 shares during the quarter. Cbre Investment Management Listed Real Assets LLC owned approximately 0.10% of American Water Works worth $28,204,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of American Water Works by 0.6% in the first quarter. Vanguard Group Inc. now owns 25,248,263 shares of the utilities provider's stock valued at $3,724,624,000 after purchasing an additional 141,038 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of American Water Works by 24.1% in the first quarter. Pictet Asset Management Holding SA now owns 4,532,131 shares of the utilities provider's stock valued at $668,566,000 after purchasing an additional 878,951 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of American Water Works by 881.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,704,995 shares of the utilities provider's stock valued at $546,562,000 after purchasing an additional 3,327,352 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of American Water Works by 3.6% in the first quarter. Northern Trust Corp now owns 3,479,406 shares of the utilities provider's stock valued at $513,282,000 after purchasing an additional 121,680 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of American Water Works by 38.4% in the fourth quarter. Bank of America Corp DE now owns 2,695,734 shares of the utilities provider's stock valued at $335,592,000 after purchasing an additional 747,316 shares in the last quarter. Institutional investors own 86.58% of the company's stock.

Wall Street Analysts Forecast Growth

AWK has been the subject of a number of research analyst reports. Wells Fargo & Company decreased their price target on American Water Works from $147.00 to $141.00 and set an "equal weight" rating for the company in a research report on Friday, August 1st. UBS Group decreased their price target on American Water Works from $156.00 to $151.00 and set a "neutral" rating for the company in a research report on Tuesday, August 12th. Evercore ISI increased their price target on American Water Works from $139.00 to $148.00 and gave the company an "in-line" rating in a research report on Friday, May 2nd. Barclays decreased their target price on American Water Works from $138.00 to $128.00 and set an "underweight" rating for the company in a research report on Thursday, July 10th. Finally, Argus raised their target price on American Water Works from $155.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus price target of $143.30.

Insider Buying and Selling at American Water Works

In other news, CAO Melissa K. Wikle sold 2,825 shares of American Water Works stock in a transaction on Friday, May 30th. The stock was sold at an average price of $143.28, for a total value of $404,766.00. Following the completion of the transaction, the chief accounting officer directly owned 7,572 shares in the company, valued at approximately $1,084,916.16. The trade was a 27.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.11% of the company's stock.

American Water Works Stock Performance

Shares of NYSE AWK traded down $1.03 during mid-day trading on Thursday, hitting $143.73. The company had a trading volume of 289,478 shares, compared to its average volume of 1,415,877. The company has a market capitalization of $28.04 billion, a price-to-earnings ratio of 25.90, a P/E/G ratio of 3.41 and a beta of 0.65. American Water Works Company, Inc. has a 1 year low of $118.74 and a 1 year high of $155.50. The company has a current ratio of 0.35, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The stock's 50-day moving average price is $142.36 and its 200-day moving average price is $141.56.

American Water Works (NYSE:AWK - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.05). The company had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.22 billion. American Water Works had a net margin of 21.91% and a return on equity of 10.34%. American Water Works's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.42 earnings per share. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. On average, sell-side analysts forecast that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 12th will be given a $0.8275 dividend. The ex-dividend date is Tuesday, August 12th. This represents a $3.31 annualized dividend and a dividend yield of 2.3%. American Water Works's payout ratio is 59.64%.

American Water Works Company Profile

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.5 million active customers. The company serves residential customers; commercial customers, including food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities, such as schools and universities; and other utilities and community water and wastewater systems.