American Water Works Company, Inc. (NYSE:AWK) Holdings Lifted by Impax Asset Management Group plc

Impax Asset Management Group plc lifted its holdings in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 3.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,902,257 shares of the utilities provider's stock after purchasing an additional 247,745 shares during the quarter. American Water Works makes up about 3.6% of Impax Asset Management Group plc's holdings, making the stock its 3rd biggest position. Impax Asset Management Group plc owned approximately 3.54% of American Water Works worth $890,422,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ables Iannone Moore & Associates Inc. bought a new position in shares of American Water Works during the 4th quarter worth approximately $26,000. ORG Partners LLC acquired a new stake in shares of American Water Works during the 2nd quarter worth approximately $30,000. Farmers & Merchants Investments Inc. boosted its position in shares of American Water Works by 100.0% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 254 shares of the utilities provider's stock worth $31,000 after purchasing an additional 127 shares during the last quarter. Tortoise Investment Management LLC grew its position in shares of American Water Works by 71.9% during the 4th quarter. Tortoise Investment Management LLC now owns 239 shares of the utilities provider's stock worth $32,000 after buying an additional 100 shares during the period. Finally, Quarry LP bought a new stake in American Water Works in the fourth quarter valued at approximately $34,000. Institutional investors own 86.58% of the company's stock.

Insiders Place Their Bets

In related news, Director Martha Clark Goss sold 710 shares of the company's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $142.85, for a total transaction of $101,423.50. Following the completion of the transaction, the director now owns 36,880 shares in the company, valued at approximately $5,268,308. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.08% of the company's stock.

American Water Works Stock Down 0.4 %

NYSE AWK traded down $0.57 during mid-day trading on Friday, reaching $143.94. The stock had a trading volume of 871,861 shares, compared to its average volume of 1,233,397. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.64 and a quick ratio of 0.58. American Water Works Company, Inc. has a 1 year low of $113.34 and a 1 year high of $149.00. The stock has a market cap of $28.04 billion, a PE ratio of 29.20, a price-to-earnings-growth ratio of 3.40 and a beta of 0.69. The company has a fifty day moving average price of $139.58 and a 200 day moving average price of $129.55.

American Water Works (NYSE:AWK - Get Free Report) last issued its earnings results on Wednesday, July 31st. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.05). The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.10 billion. American Water Works had a net margin of 21.93% and a return on equity of 9.60%. The firm's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the business posted $1.44 EPS. On average, research analysts expect that American Water Works Company, Inc. will post 5.26 earnings per share for the current year.

American Water Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 13th were issued a $0.765 dividend. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $3.06 annualized dividend and a dividend yield of 2.13%. American Water Works's dividend payout ratio (DPR) is presently 62.07%.

Analyst Ratings Changes

Several analysts have commented on the stock. UBS Group raised their target price on shares of American Water Works from $124.00 to $139.00 and gave the stock a "neutral" rating in a report on Monday, May 13th. Wells Fargo & Company cut shares of American Water Works from an "equal weight" rating to an "underweight" rating and raised their target price for the stock from $127.00 to $138.00 in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $141.17.

American Water Works Company 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.