Allspring Global Investments Holdings LLC Sells 2,879 Shares of American Water Works Company, Inc. (NYSE:AWK)

Allspring Global Investments Holdings LLC reduced its position in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 0.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,246,181 shares of the utilities provider's stock after selling 2,879 shares during the period. American Water Works makes up approximately 0.6% of Allspring Global Investments Holdings LLC's investment portfolio, making the stock its 29th biggest position. Allspring Global Investments Holdings LLC owned 1.15% of American Water Works worth $330,189,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of AWK. Vanguard Group Inc. increased its holdings in American Water Works by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 25,107,225 shares of the utilities provider's stock valued at $3,125,598,000 after purchasing an additional 217,582 shares during the period. Geode Capital Management LLC increased its stake in American Water Works by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 4,671,050 shares of the utilities provider's stock valued at $579,981,000 after buying an additional 106,857 shares during the last quarter. Amundi increased its stake in American Water Works by 11.9% in the 4th quarter. Amundi now owns 4,490,423 shares of the utilities provider's stock valued at $553,687,000 after buying an additional 477,411 shares during the last quarter. Northern Trust Corp increased its stake in American Water Works by 11.1% in the 4th quarter. Northern Trust Corp now owns 3,357,726 shares of the utilities provider's stock valued at $418,003,000 after buying an additional 335,683 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of American Water Works by 120.7% during the 4th quarter. Victory Capital Management Inc. now owns 3,174,395 shares of the utilities provider's stock worth $395,180,000 after purchasing an additional 1,736,258 shares during the last quarter. Institutional investors and hedge funds own 86.58% of the company's stock.

Insiders Place Their Bets

In other American Water Works news, CAO Melissa K. Wikle sold 2,825 shares of the business's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $143.28, for a total value of $404,766.00. Following the transaction, the chief accounting officer now owns 7,572 shares in the company, valued at approximately $1,084,916.16. The trade was a 27.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is currently owned by insiders.

American Water Works Price Performance

NYSE AWK traded down $0.63 on Friday, reaching $137.79. 1,564,672 shares of the company's stock traded hands, compared to its average volume of 1,226,981. The stock has a market cap of $26.87 billion, a PE ratio of 25.10, a P/E/G ratio of 3.28 and a beta of 0.71. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.49 and a quick ratio of 0.44. American Water Works Company, Inc. has a 12 month low of $118.74 and a 12 month high of $155.50. The stock has a 50-day simple moving average of $142.67 and a 200 day simple moving average of $136.29.

American Water Works (NYSE:AWK - Get Free Report) last issued its earnings results on Wednesday, April 30th. The utilities provider reported $1.05 EPS for the quarter, missing analysts' consensus estimates of $1.06 by ($0.01). The business had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.09 billion. American Water Works had a return on equity of 10.35% and a net margin of 22.24%. American Water Works's revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.95 EPS. As a group, research analysts predict that American Water Works Company, Inc. will post 5.71 earnings per share for the current year.

American Water Works Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 13th were paid a $0.8275 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This is an increase from American Water Works's previous quarterly dividend of $0.77. This represents a $3.31 annualized dividend and a yield of 2.40%. American Water Works's payout ratio is currently 60.29%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on AWK shares. Evercore ISI raised their price target on shares of American Water Works from $139.00 to $148.00 and gave the stock an "in-line" rating in a research note on Friday, May 2nd. Wall Street Zen lowered shares of American Water Works from a "hold" rating to a "sell" rating in a research note on Wednesday, May 14th. UBS Group lowered shares of American Water Works from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 25th. Wells Fargo & Company lifted their price objective on shares of American Water Works from $142.00 to $147.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Finally, Barclays started coverage on shares of American Water Works in a research note on Tuesday, April 22nd. They issued an "underweight" rating and a $138.00 price objective for the company. Four research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $143.22.

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.