EFG Asset Management Americas Corp. Has $5.47 Million Stake in American Water Works Company, Inc. (NYSE:AWK)

EFG Asset Management Americas Corp. boosted its stake in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 40.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 42,350 shares of the utilities provider's stock after purchasing an additional 12,167 shares during the period. EFG Asset Management Americas Corp.'s holdings in American Water Works were worth $5,470,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in American Water Works by 2.6% during the first quarter. Vanguard Group Inc. now owns 24,648,326 shares of the utilities provider's stock worth $3,012,272,000 after purchasing an additional 624,977 shares during the period. Impax Asset Management Group plc lifted its holdings in American Water Works by 3.7% during the 2nd quarter. Impax Asset Management Group plc now owns 6,902,257 shares of the utilities provider's stock valued at $890,422,000 after purchasing an additional 247,745 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in American Water Works by 1.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,143,437 shares of the utilities provider's stock worth $261,949,000 after purchasing an additional 25,887 shares during the period. Norges Bank acquired a new position in shares of American Water Works in the fourth quarter valued at $275,476,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of American Water Works by 945.5% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,806,146 shares of the utilities provider's stock valued at $238,397,000 after purchasing an additional 1,633,389 shares during the period. 86.58% of the stock is currently owned by institutional investors.

American Water Works Price Performance

AWK traded down $0.57 during trading on Friday, hitting $143.94. 871,870 shares of the stock traded hands, compared to its average volume of 1,233,397. The business has a 50 day moving average price of $139.87 and a 200 day moving average price of $129.76. The company has a market cap of $28.04 billion, a price-to-earnings ratio of 29.20, a PEG ratio of 3.40 and a beta of 0.69. American Water Works Company, Inc. has a twelve month low of $113.34 and a twelve month high of $149.00. 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 (NYSE:AWK - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.47 by ($0.05). The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.10 billion. American Water Works had a net margin of 21.93% and a return on equity of 9.60%. The business's quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business earned $1.44 earnings per share. Equities research analysts forecast that American Water Works Company, Inc. will post 5.26 earnings per share for the current fiscal year.

American Water Works Dividend Announcement

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

Insider Activity at American Water Works

In other American Water Works news, Director Martha Clark Goss sold 710 shares of the company's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $142.85, for a total value of $101,423.50. Following the completion of the transaction, the director now owns 36,880 shares of the company's stock, valued at approximately $5,268,308. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.08% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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