Impax Asset Management Group plc Purchases 247,745 Shares of American Water Works Company, Inc. (NYSE:AWK)

Impax Asset Management Group plc increased its position in American Water Works Company, Inc. (NYSE:AWK) by 3.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,902,257 shares of the utilities provider’s stock after purchasing an additional 247,745 shares during the quarter. American Water Works makes up 3.6% of Impax Asset Management Group plc’s portfolio, making the stock its 3rd biggest position. Impax Asset Management Group plc owned 3.54% of American Water Works worth $890,422,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AWK. Blue Barn Wealth LLC acquired a new position in shares of American Water Works in the 2nd quarter valued at $286,000. Waverton Investment Management Ltd increased its holdings in American Water Works by 23.2% in the second quarter. Waverton Investment Management Ltd now owns 274,049 shares of the utilities provider’s stock valued at $35,387,000 after purchasing an additional 51,643 shares during the last quarter. Belpointe Asset Management LLC lifted its stake in American Water Works by 191.1% in the second quarter. Belpointe Asset Management LLC now owns 6,338 shares of the utilities provider’s stock valued at $819,000 after buying an additional 4,161 shares during the period. Larson Financial Group LLC boosted its holdings in American Water Works by 172.4% during the second quarter. Larson Financial Group LLC now owns 1,389 shares of the utilities provider’s stock worth $179,000 after buying an additional 879 shares during the last quarter. Finally, Fortis Capital Advisors LLC bought a new position in American Water Works during the second quarter worth about $532,000. 86.58% of the stock is owned by institutional investors.

American Water Works Stock Up 0.6 %

AWK stock traded up $0.89 during trading hours on Friday, reaching $145.40. 15,031 shares of the stock were exchanged, compared to its average volume of 1,228,416. The firm’s 50-day moving average is $139.58 and its 200-day moving average is $129.55. American Water Works Company, Inc. has a 12 month low of $113.34 and a 12 month high of $149.00. The company has a market cap of $28.33 billion, a price-to-earnings ratio of 29.29, a PEG ratio of 3.40 and a beta of 0.69. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.64 and a quick ratio of 0.58.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.05). The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.10 billion. American Water Works had a return on equity of 9.60% and a net margin of 21.93%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.44 earnings per share. On average, equities research analysts expect that American Water Works Company, Inc. will post 5.26 earnings per share for the current year.

American Water Works Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 13th were given a $0.765 dividend. This represents a $3.06 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date was Tuesday, August 13th. American Water Works’s dividend payout ratio is presently 62.07%.

Insider Transactions at American Water Works

In other news, Director Martha Clark Goss sold 710 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $142.85, for a total value of $101,423.50. Following the completion of the sale, the director now owns 36,880 shares of the company’s stock, valued at approximately $5,268,308. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.08% of the company’s stock.

Wall Street Analyst Weigh In

AWK has been the topic of a number of analyst reports. Wells Fargo & Company downgraded shares of American Water Works from an “equal weight” rating to an “underweight” rating and increased their price target for the company from $127.00 to $138.00 in a research report on Wednesday, July 31st. UBS Group increased their target price on shares of American Water Works from $124.00 to $139.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, American Water Works has an average rating of “Hold” and a consensus price target of $141.17.

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.