Allspring Global Investments Holdings LLC Acquires 143,914 Shares of American Water Works Company, Inc. (NYSE:AWK)

Allspring Global Investments Holdings LLC grew its holdings in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 6.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,245,306 shares of the utilities provider's stock after purchasing an additional 143,914 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 1.15% of American Water Works worth $328,354,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Wulff Hansen & CO. boosted its stake in American Water Works by 12,816.0% in the second quarter. Wulff Hansen & CO. now owns 1,464,674 shares of the utilities provider's stock valued at $189,177,000 after acquiring an additional 1,453,334 shares during the last quarter. M&G Plc purchased a new stake in American Water Works in the first quarter worth $108,688,000. Vanguard Group Inc. raised its stake in shares of American Water Works by 2.6% in the first quarter. Vanguard Group Inc. now owns 24,648,326 shares of the utilities provider's stock valued at $3,012,272,000 after buying an additional 624,977 shares during the period. Nuance Investments LLC lifted its position in shares of American Water Works by 70.3% during the 1st quarter. Nuance Investments LLC now owns 958,309 shares of the utilities provider's stock valued at $117,115,000 after buying an additional 395,684 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in American Water Works by 201.9% in the 2nd quarter. Sei Investments Co. now owns 435,604 shares of the utilities provider's stock worth $56,264,000 after acquiring an additional 291,315 shares during the last quarter. 86.58% of the stock is currently owned by institutional investors.

Insider Buying and Selling at American Water Works

In other news, Director Martha Clark Goss sold 710 shares of American Water Works 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 transaction, the director now owns 36,880 shares in the company, valued at approximately $5,268,308. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.08% of the company's stock.

American Water Works Price Performance

Shares of American Water Works stock traded up $1.17 during trading on Friday, hitting $141.96. 818,528 shares of the stock traded hands, compared to its average volume of 1,206,506. The stock has a market cap of $27.66 billion, a price-to-earnings ratio of 28.80, a PEG ratio of 3.28 and a beta of 0.69. The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 1.24. American Water Works Company, Inc. has a 52 week low of $113.34 and a 52 week high of $150.68. The firm's fifty day moving average is $143.26 and its 200-day moving average is $135.10.

American Water Works (NYSE:AWK - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $1.42 EPS for the quarter, missing analysts' consensus estimates 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 was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.44 earnings per share. Research analysts expect that American Water Works Company, Inc. will post 5.27 EPS for the current fiscal year.

American Water Works Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 13th were paid a $0.765 dividend. This represents a $3.06 annualized dividend and a yield of 2.16%. The ex-dividend date was Tuesday, August 13th. American Water Works's dividend payout ratio is presently 62.07%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group began coverage on shares of American Water Works in a research note on Monday, October 7th. They issued an "underperform" rating and a $124.00 target price for the company. Royal Bank of Canada restated an "outperform" rating and set a $164.00 target price on shares of American Water Works in a research report on Thursday, September 19th. Wolfe Research upgraded American Water Works to a "hold" rating in a research report on Wednesday, September 18th. Bank of America restated an "underperform" rating and issued a $140.00 target price on shares of American Water Works in a research note on Friday, September 20th. Finally, Mizuho downgraded shares of American Water Works from an "outperform" rating to a "neutral" rating and increased their price target for the stock from $131.00 to $140.00 in a report on Tuesday, October 15th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, American Water Works presently has a consensus rating of "Hold" and a consensus price target of $140.00.

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.