Cidel Asset Management Inc. Acquires 6,759 Shares of American Water Works Company, Inc. $AWK

Cidel Asset Management Inc. boosted its holdings in shares of American Water Works Company, Inc. (NYSE:AWK) by 45.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,706 shares of the utilities provider’s stock after purchasing an additional 6,759 shares during the period. Cidel Asset Management Inc.’s holdings in American Water Works were worth $2,954,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of AWK. Wellington Management Group LLP boosted its stake in American Water Works by 3,274.6% in the fourth quarter. Wellington Management Group LLP now owns 7,092,757 shares of the utilities provider’s stock worth $925,605,000 after purchasing an additional 6,882,575 shares in the last quarter. Norges Bank acquired a new stake in shares of American Water Works in the fourth quarter valued at $337,004,000. GQG Partners LLC raised its holdings in shares of American Water Works by 64.2% in the fourth quarter. GQG Partners LLC now owns 6,493,161 shares of the utilities provider’s stock valued at $847,361,000 after buying an additional 2,539,683 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of American Water Works by 383.0% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,596,125 shares of the utilities provider’s stock valued at $361,355,000 after buying an additional 2,058,656 shares during the last quarter. Finally, Impax Asset Management Group plc lifted its position in American Water Works by 38.0% during the 4th quarter. Impax Asset Management Group plc now owns 2,386,873 shares of the utilities provider’s stock worth $311,487,000 after buying an additional 657,849 shares in the last quarter. Institutional investors own 86.58% of the company’s stock.

American Water Works Stock Performance

American Water Works stock opened at $126.77 on Wednesday. The company has a market cap of $24.76 billion, a PE ratio of 22.48, a PEG ratio of 2.71 and a beta of 0.62. The company has a current ratio of 0.37, a quick ratio of 0.34 and a debt-to-equity ratio of 1.16. American Water Works Company, Inc. has a 1 year low of $120.57 and a 1 year high of $147.87. The company’s 50-day moving average is $126.93 and its two-hundred day moving average is $130.43.

American Water Works (NYSE:AWK) last issued its quarterly earnings results on Wednesday, April 29th. The utilities provider reported $1.01 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.09). The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.17 billion. American Water Works had a return on equity of 10.20% and a net margin of 21.17%.The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.05 EPS. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. Equities analysts anticipate that American Water Works Company, Inc. will post 6.09 earnings per share for the current year.

American Water Works Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Tuesday, May 12th were issued a dividend of $0.895 per share. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $3.58 dividend on an annualized basis and a yield of 2.8%. This is a boost from American Water Works’s previous quarterly dividend of $0.83. American Water Works’s dividend payout ratio (DPR) is presently 63.48%.

Analysts Set New Price Targets

A number of brokerages have commented on AWK. Weiss Ratings reissued a “hold (c)” rating on shares of American Water Works in a report on Friday, March 27th. Wall Street Zen raised shares of American Water Works from a “strong sell” rating to a “sell” rating in a research note on Sunday, April 26th. UBS Group raised shares of American Water Works from a “neutral” rating to a “buy” rating and raised their price target for the company from $137.00 to $140.00 in a report on Friday, May 29th. Barclays boosted their price objective on shares of American Water Works from $122.00 to $124.00 and gave the stock an “underweight” rating in a research report on Monday, April 20th. Finally, Wells Fargo & Company set a $131.00 price objective on American Water Works in a research report on Tuesday, April 21st. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, American Water Works currently has a consensus rating of “Hold” and an average price target of $138.11.

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.