Commerzbank Aktiengesellschaft FI Has $876,000 Stock Position in American Water Works Company, Inc. (NYSE:AWK)

Commerzbank Aktiengesellschaft FI increased its position in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 72.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,935 shares of the utilities provider's stock after acquiring an additional 2,495 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in American Water Works were worth $876,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of American Water Works by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 25,107,225 shares of the utilities provider's stock worth $3,125,598,000 after acquiring an additional 217,582 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of American Water Works by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 4,671,050 shares of the utilities provider's stock worth $579,981,000 after acquiring an additional 106,857 shares in the last quarter. Northern Trust Corp boosted its position in shares of American Water Works by 11.1% during the 4th quarter. Northern Trust Corp now owns 3,357,726 shares of the utilities provider's stock worth $418,003,000 after acquiring an additional 335,683 shares in the last quarter. Invesco Ltd. boosted its position in shares of American Water Works by 15.2% during the 4th quarter. Invesco Ltd. now owns 3,142,465 shares of the utilities provider's stock worth $391,205,000 after acquiring an additional 414,568 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of American Water Works by 38.4% during the 4th quarter. Bank of America Corp DE now owns 2,695,734 shares of the utilities provider's stock worth $335,592,000 after acquiring an additional 747,316 shares in the last quarter. Institutional investors and hedge funds own 86.58% of the company's stock.

Insiders Place Their Bets

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

American Water Works Trading Up 0.5%

Shares of NYSE:AWK traded up $0.67 during mid-day trading on Friday, reaching $142.88. 1,934,444 shares of the company's stock were exchanged, compared to its average volume of 1,243,832. The firm has a market capitalization of $27.86 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 3.37 and a beta of 0.69. The business's fifty day moving average price is $141.11 and its 200-day moving average price is $137.68. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.44 and a current ratio of 0.49. American Water Works Company, Inc. has a twelve month low of $118.74 and a twelve month high of $155.50.

American Water Works (NYSE:AWK - Get Free Report) last announced its earnings results on Wednesday, April 30th. The utilities provider reported $1.05 earnings per share for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). American Water Works had a return on equity of 10.35% and a net margin of 22.24%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the business earned $0.95 EPS. American Water Works's quarterly revenue was up 13.0% on a year-over-year basis. On average, research analysts predict that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 13th were paid a $0.8275 dividend. This is an increase from American Water Works's previous quarterly dividend of $0.77. This represents a $3.31 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend was Tuesday, May 13th. American Water Works's payout ratio is 60.29%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AWK. UBS Group restated a "neutral" rating and issued a $156.00 target price (up previously from $154.00) on shares of American Water Works in a research report on Friday, July 11th. Evercore ISI raised their target price on shares of 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. Wall Street Zen lowered shares of American Water Works from a "hold" rating to a "sell" rating in a research report on Wednesday, May 14th. Wells Fargo & Company raised their target price on shares of American Water Works from $142.00 to $147.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Finally, Barclays cut their target price on shares of American Water Works from $138.00 to $128.00 and set an "underweight" rating on the stock in a research report on Thursday, July 10th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $141.67.

American Water Works 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.