Allspring Global Investments Holdings LLC Purchases 24,239 Shares of American Water Works Company, Inc. $AWK

Allspring Global Investments Holdings LLC lifted its position in shares of American Water Works Company, Inc. (NYSE:AWK) by 1.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,270,420 shares of the utilities provider’s stock after purchasing an additional 24,239 shares during the period. Allspring Global Investments Holdings LLC’s holdings in American Water Works were worth $323,671,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in AWK. Farther Finance Advisors LLC increased its stake in shares of American Water Works by 45.2% during the first quarter. Farther Finance Advisors LLC now owns 2,326 shares of the utilities provider’s stock worth $342,000 after purchasing an additional 724 shares during the period. GAMMA Investing LLC increased its stake in American Water Works by 39.9% during the 1st quarter. GAMMA Investing LLC now owns 4,171 shares of the utilities provider’s stock worth $615,000 after acquiring an additional 1,189 shares during the period. CX Institutional bought a new position in American Water Works during the 1st quarter worth $218,000. Simon Quick Advisors LLC bought a new position in American Water Works during the 1st quarter worth $209,000. Finally, Everhart Financial Group Inc. increased its stake in American Water Works by 15.2% during the 1st quarter. Everhart Financial Group Inc. now owns 2,470 shares of the utilities provider’s stock worth $364,000 after acquiring an additional 326 shares during the period. Institutional investors own 86.58% of the company’s stock.

American Water Works Trading Up 1.2%

Shares of AWK stock opened at $142.78 on Monday. The stock’s fifty day moving average price is $140.87 and its two-hundred day moving average price is $142.16. The company has a market cap of $27.86 billion, a PE ratio of 25.73, a P/E/G ratio of 3.43 and a beta of 0.70. American Water Works Company, Inc. has a fifty-two week low of $118.74 and a fifty-two week high of $155.50. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.35.

American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, July 30th. The utilities provider reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.05). The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.22 billion. American Water Works had a net margin of 21.91% and a return on equity of 10.34%. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.42 EPS. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. Equities analysts predict that American Water Works Company, Inc. will post 5.71 EPS for the current fiscal year.

American Water Works Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Tuesday, August 12th were issued a dividend of $0.8275 per share. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $3.31 annualized dividend and a dividend yield of 2.3%. American Water Works’s dividend payout ratio (DPR) is 59.64%.

Analyst Ratings Changes

A number of research firms have commented on AWK. Argus raised their price objective on American Water Works from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, August 14th. Barclays lowered their price objective on American Water Works from $138.00 to $128.00 and set an “underweight” rating on the stock in a research note on Thursday, July 10th. Wells Fargo & Company lowered their price objective on American Water Works from $147.00 to $141.00 and set an “equal weight” rating on the stock in a research note on Friday, August 1st. Mizuho raised their price objective on American Water Works from $148.00 to $149.00 and gave the stock a “neutral” rating in a research note on Friday, August 1st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of American Water Works in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $143.57.

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.