Allspring Global Investments Holdings LLC Purchases 117,170 Shares of American Water Works Company, Inc. (NYSE:AWK)

Allspring Global Investments Holdings LLC lifted its position in shares of American Water Works Company, Inc. (NYSE:AWK - Free Report) by 5.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,117,550 shares of the utilities provider's stock after purchasing an additional 117,170 shares during the quarter. Allspring Global Investments Holdings LLC owned about 1.09% of American Water Works worth $279,495,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. RFG Advisory LLC boosted its position in shares of American Water Works by 48.2% during the fourth quarter. RFG Advisory LLC now owns 11,093 shares of the utilities provider's stock valued at $1,464,000 after purchasing an additional 3,609 shares in the last quarter. Perennial Advisors LLC boosted its position in shares of American Water Works by 2.2% during the fourth quarter. Perennial Advisors LLC now owns 36,439 shares of the utilities provider's stock valued at $4,810,000 after purchasing an additional 801 shares in the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its position in shares of American Water Works by 0.4% during the fourth quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 29,581 shares of the utilities provider's stock valued at $3,904,000 after purchasing an additional 124 shares in the last quarter. First Merchants Corp boosted its holdings in American Water Works by 48.0% in the fourth quarter. First Merchants Corp now owns 17,492 shares of the utilities provider's stock worth $2,309,000 after acquiring an additional 5,671 shares in the last quarter. Finally, Sabal Trust CO bought a new stake in American Water Works in the fourth quarter worth $296,000. 86.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AWK has been the topic of several analyst reports. Evercore ISI downgraded American Water Works from an "outperform" rating to an "in-line" rating and dropped their target price for the stock from $160.00 to $135.00 in a report on Friday, February 16th. StockNews.com downgraded American Water Works from a "hold" rating to a "sell" rating in a report on Wednesday, April 3rd.

American Water Works Stock Up 1.3 %

Shares of AWK stock traded up $1.52 during mid-day trading on Monday, hitting $120.04. The company's stock had a trading volume of 1,217,019 shares, compared to its average volume of 1,424,722. American Water Works Company, Inc. has a 52-week low of $114.25 and a 52-week high of $153.43. The business has a 50-day moving average price of $120.43 and a 200 day moving average price of $124.79. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.59 and a current ratio of 0.65. The stock has a market cap of $23.39 billion, a price-to-earnings ratio of 24.24, a PEG ratio of 2.83 and a beta of 0.63.

American Water Works (NYSE:AWK - Get Free Report) last posted its quarterly earnings results on Thursday, February 15th. The utilities provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.04. The firm had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $1.02 billion. American Water Works had a return on equity of 9.70% and a net margin of 22.30%. The company's revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.81 earnings per share. Research analysts predict that American Water Works Company, Inc. will post 5.24 EPS for the current fiscal year.

Insider Activity at American Water Works

In related news, EVP Melanie M. Kennedy sold 843 shares of the company's stock in a transaction on Monday, March 4th. The stock was sold at an average price of $119.59, for a total transaction of $100,814.37. Following the completion of the sale, the executive vice president now owns 16,240 shares in the company, valued at $1,942,141.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.08% of the stock is owned by company insiders.

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.

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