Allspring Global Investments Holdings LLC Has $323.67 Million Position in American Water Works Company, Inc. $AWK

Key Points

• Allspring Global Investments Holdings LLC increased its stake in American Water Works by 1.1%, holding over 2.27 million shares worth approximately $323.67 million as of the end of the 2nd quarter.
• Institutional ownership of American Water Works is high, with 86.58% of the stock held by institutional investors and hedge funds.
• American Water Works reported quarterly earnings of $1.48 per share, missing expectations, but had a revenue increase of 11.1% year-over-year.

Allspring Global Investments Holdings LLC lifted its position in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 1.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,270,420 shares of the utilities provider's stock after buying an additional 24,239 shares during the period. Allspring Global Investments Holdings LLC owned about 1.16% of American Water Works worth $323,671,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of American Water Works during the second quarter worth about $28,000. WPG Advisers LLC acquired a new position in shares of American Water Works during the first quarter worth about $29,000. Flaharty Asset Management LLC acquired a new position in shares of American Water Works during the first quarter worth about $30,000. Cloud Capital Management LLC acquired a new position in shares of American Water Works during the first quarter worth about $29,000. Finally, REAP Financial Group LLC boosted its position in shares of American Water Works by 157.3% during the second quarter. REAP Financial Group LLC now owns 283 shares of the utilities provider's stock worth $39,000 after buying an additional 173 shares during the period. 86.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AWK has been the subject of several recent research reports. Barclays reduced their price target on American Water Works from $138.00 to $128.00 and set an "underweight" rating for the company in a research report on Thursday, July 10th. UBS Group reduced their price target on American Water Works from $156.00 to $151.00 and set a "neutral" rating for the company in a research report on Tuesday, August 12th. Mizuho increased their price target on American Water Works from $148.00 to $149.00 and gave the company a "neutral" rating in a research report on Friday, August 1st. Weiss Ratings reissued a "hold (c+)" rating on shares of American Water Works in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company reduced their price target on American Water Works from $147.00 to $141.00 and set an "equal weight" rating for the company in a research report on Friday, August 1st. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, American Water Works currently has a consensus rating of "Hold" and an average price target of $143.57.

American Water Works Price Performance

NYSE:AWK opened at $142.78 on Monday. The company has a quick ratio of 0.32, a current ratio of 0.35 and a debt-to-equity ratio of 1.15. The stock's 50 day moving average price is $140.87 and its two-hundred day moving average price is $142.16. The firm has a market capitalization of $27.86 billion, a price-to-earnings 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 12-month low of $118.74 and a 12-month high of $155.50.

American Water Works (NYSE:AWK - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.05). The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.22 billion. American Water Works had a net margin of 21.91% and a return on equity of 10.34%. American Water Works's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.42 EPS. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. On average, analysts anticipate that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 12th were paid a $0.8275 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $3.31 annualized dividend and a yield of 2.3%. American Water Works's dividend payout ratio is currently 59.64%.

About American Water Works

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.

Want to see what other hedge funds are holding AWK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Water Works Company, Inc. (NYSE:AWK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.