Commerce Bank Acquires Shares of 26,854 American Water Works Company, Inc. $AWK

Commerce Bank acquired a new stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 26,854 shares of the utilities provider's stock, valued at approximately $3,533,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AWK. Empowered Funds LLC raised its holdings in shares of American Water Works by 11.5% during the first quarter. Empowered Funds LLC now owns 5,912 shares of the utilities provider's stock worth $872,000 after purchasing an additional 609 shares during the last quarter. Woodline Partners LP boosted its holdings in American Water Works by 40.7% in the first quarter. Woodline Partners LP now owns 16,466 shares of the utilities provider's stock valued at $2,429,000 after purchasing an additional 4,762 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in American Water Works in the second quarter valued at $302,000. Cresset Asset Management LLC grew its position in American Water Works by 1.5% during the 2nd quarter. Cresset Asset Management LLC now owns 5,865 shares of the utilities provider's stock worth $816,000 after purchasing an additional 85 shares during the period. Finally, Gamco Investors INC. ET AL grew its position in American Water Works by 184.4% during the 2nd quarter. Gamco Investors INC. ET AL now owns 5,492 shares of the utilities provider's stock worth $764,000 after purchasing an additional 3,561 shares during the period. Institutional investors and hedge funds own 86.58% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AWK shares. JPMorgan Chase & Co. boosted their price objective on American Water Works from $138.00 to $147.00 and gave the company a "neutral" rating in a report on Wednesday, July 8th. Barclays raised their target price on American Water Works from $124.00 to $130.00 and gave the stock an "underweight" rating in a report on Wednesday, July 15th. Wall Street Zen upgraded American Water Works from a "strong sell" rating to a "sell" rating in a research report on Monday, August 3rd. Truist Financial set a $139.00 price target on American Water Works in a report on Tuesday, August 4th. Finally, UBS Group upped their price objective on American Water Works from $140.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday, July 2nd. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $138.78.

American Water Works Price Performance

NYSE:AWK opened at $139.90 on Tuesday. American Water Works Company, Inc. has a 52 week low of $120.57 and a 52 week high of $146.29. The company has a quick ratio of 0.49, a current ratio of 0.52 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $27.80 billion, a PE ratio of 24.25, a price-to-earnings-growth ratio of 2.76 and a beta of 0.60. The stock's 50-day moving average price is $133.22 and its 200-day moving average price is $131.64.

American Water Works (NYSE:AWK - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The utilities provider reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.08. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.33 billion. American Water Works had a return on equity of 10.20% and a net margin of 21.35%.American Water Works's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.48 EPS. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. As a group, equities analysts expect that American Water Works Company, Inc. will post 6.09 EPS for the current fiscal year.

American Water Works Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Tuesday, August 11th will be given a $0.895 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $3.58 dividend on an annualized basis and a dividend yield of 2.6%. American Water Works's payout ratio is 62.05%.

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.

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