Commerzbank Aktiengesellschaft FI Makes New $2.08 Million Investment in American Water Works Company, Inc. $AWK

Key Points

• Commerzbank Aktiengesellschaft FI acquired 15,824 shares of American Water Works in the second quarter, valued at approximately $2.08 million. Institutional investors collectively own 86.58% of the company.
• Analysts maintain a generally cautious outlook, with one Buy, eight Hold, and one Sell rating; the consensus rating is Hold with an average price target of $138.78.
• American Water Works exceeded quarterly earnings and revenue expectations, reporting $1.61 in EPS and $1.35 billion in revenue. The company also declared a quarterly dividend of $0.895 per share, equivalent to a 2.7% annualized yield.

Commerzbank Aktiengesellschaft FI purchased a new position in American Water Works Company, Inc. (NYSE:AWK - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 15,824 shares of the utilities provider's stock, valued at approximately $2,082,000.

Several other institutional investors and hedge funds have also made changes to their positions in AWK. Salomon & Ludwin LLC raised its stake in American Water Works by 71.7% in the 4th quarter. Salomon & Ludwin LLC now owns 194 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 81 shares during the last quarter. Reflection Asset Management purchased a new position in American Water Works in the 4th quarter valued at about $25,000. Transamerica Financial Advisors LLC boosted its stake in shares of American Water Works by 82.6% during the 4th quarter. Transamerica Financial Advisors LLC now owns 199 shares of the utilities provider's stock worth $26,000 after purchasing an additional 90 shares during the last quarter. Nemes Rush Group LLC acquired a new stake in shares of American Water Works during the 4th quarter worth about $27,000. Finally, Ascentis Independent Advisors acquired a new stake in shares of American Water Works during the 1st quarter worth about $27,000. 86.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Mizuho boosted their price objective on shares of American Water Works from $130.00 to $140.00 and gave the company a "neutral" rating in a research report on Friday, July 31st. Wells Fargo & Company set a $131.00 target price on shares of American Water Works in a research report on Tuesday, April 21st. Truist Financial set a $139.00 target price on shares of American Water Works in a research note on Tuesday, August 4th. Wall Street Zen upgraded American Water Works from a "strong sell" rating to a "sell" rating in a report on Monday, August 3rd. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of American Water Works in a research note on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $138.78.

American Water Works Stock Down 1.2%

AWK opened at $134.57 on Tuesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.52 and a quick ratio of 0.49. The stock has a market capitalization of $26.74 billion, a price-to-earnings ratio of 23.32, a price-to-earnings-growth ratio of 2.75 and a beta of 0.60. The business has a 50-day moving average of $132.05 and a two-hundred day moving average of $131.28. American Water Works Company, Inc. has a 12 month low of $120.57 and a 12 month high of $147.87.

American Water Works (NYSE:AWK - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The utilities provider reported $1.61 EPS for the quarter, beating analysts' consensus estimates of $1.53 by $0.08. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. American Water Works had a net margin of 21.35% and a return on equity of 10.20%. The company's quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.48 EPS. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. On average, research analysts expect that American Water Works Company, Inc. will post 6.09 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 Tuesday, September 1st. Investors of record on Tuesday, August 11th will be given a dividend of $0.895 per share. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $3.58 annualized dividend and a yield of 2.7%. American Water Works's dividend payout ratio is 62.05%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source