Commerzbank buys $2.08M stake in American Water
What's the deal? Commerzbank Aktiengesellschaft FI has taken a new position in American WaterDealroom has a profile for this one. Try Dealroom → (NYSE: AWK), buying 15,824 shares worth roughly $2.082 million in the second quarter, according to its latest Form 13F filing with the Securities and Exchange Commission.
What does the company do? American WaterDealroom has a profile for this one. Try Dealroom → is a publicly traded utility that provides regulated water and wastewater services across the US, serving residential, commercial and industrial customers as well as municipalities.
How are the numbers? The company reported $1.61 earnings per share for the quarter ended July 29, beating the $1.53 consensus by $0.08. Revenue rose 6.2% year-on-year to $1.35 billion, ahead of the $1.33 billion estimate.
What else? American Water declared a quarterly dividend of $0.895 per share, payable 1 September — a $3.58 annualised payout yielding 2.7%. It set FY 2026 guidance at $6.02 to $6.12 EPS.
Who else is buying? Institutional investors now own 86.58% of the stock. Salomon & Ludwin raised its stake by 71.7%, while Reflection Asset Management, Transamerica Financial Advisors, Nemes Rush Group and Ascentis Independent Advisors all added or opened positions.
What do analysts say? The consensus rating is “Hold”, with an average target price of $138.78. Mizuho lifted its target to $140 with a “neutral” rating, while WallStreetZenDealroom has a profile for this one. Try Dealroom → upgraded the stock from “strong sell” to “sell”.
The signal: The stock opened at $134.57 on Tuesday, down 1.2%, giving the utility a $26.74 billion market capitalisation. Steady dividend growth and earnings beats keep drawing institutional money into a defensive, low-beta name.
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