Parallel Advisors LLC Buys 263 Shares of American Water Works Company, Inc. (NYSE:AWK)

Parallel Advisors LLC boosted its stake in American Water Works Company, Inc. (NYSE:AWK) by 5.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,888 shares of the utilities provider’s stock after purchasing an additional 263 shares during the quarter. Parallel Advisors LLC’s holdings in American Water Works were worth $631,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of American Water Works by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 24,648,326 shares of the utilities provider’s stock valued at $3,012,272,000 after purchasing an additional 624,977 shares during the last quarter. Impax Asset Management Group plc boosted its stake in American Water Works by 3.7% during the second quarter. Impax Asset Management Group plc now owns 6,902,257 shares of the utilities provider’s stock worth $890,422,000 after buying an additional 247,745 shares during the period. Allspring Global Investments Holdings LLC increased its position in American Water Works by 1.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,143,437 shares of the utilities provider’s stock valued at $261,949,000 after acquiring an additional 25,887 shares during the last quarter. Norges Bank purchased a new stake in shares of American Water Works in the fourth quarter valued at $275,476,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of American Water Works by 945.5% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,806,146 shares of the utilities provider’s stock valued at $238,397,000 after acquiring an additional 1,633,389 shares during the period. Hedge funds and other institutional investors own 86.58% of the company’s stock.

Insider Buying and Selling

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

American Water Works Stock Performance

AWK opened at $149.09 on Tuesday. The firm’s 50-day moving average price is $142.14 and its 200-day moving average price is $131.05. The company has a market cap of $29.05 billion, a P/E ratio of 30.24, a price-to-earnings-growth ratio of 3.49 and a beta of 0.69. The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 1.24. American Water Works Company, Inc. has a 52-week low of $113.34 and a 52-week high of $149.78.

American Water Works (NYSE:AWK) last announced its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.05). The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.10 billion. American Water Works had a return on equity of 9.60% and a net margin of 21.93%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.44 earnings per share. As a group, equities analysts anticipate that American Water Works Company, Inc. will post 5.27 EPS for the current fiscal year.

American Water Works Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Tuesday, August 13th were paid a $0.765 dividend. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $3.06 annualized dividend and a dividend yield of 2.05%. American Water Works’s dividend payout ratio is presently 62.07%.

Analyst Ratings Changes

Separately, Wells Fargo & Company downgraded shares of American Water Works from an “equal weight” rating to an “underweight” rating and upped their price target for the company from $127.00 to $138.00 in a report on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $135.60.

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.