American Water Works (NYSE:AWK) has earned an average rating of “Hold” from the twelve research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $86.34.
AWK has been the subject of several analyst reports. Zacks Investment Research raised shares of American Water Works from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Janney Montgomery Scott lowered shares of American Water Works from a “buy” rating to a “neutral” rating in a research note on Friday, November 3rd. They noted that the move was a valuation call. Boenning Scattergood reaffirmed a “hold” rating on shares of American Water Works in a research note on Thursday, November 2nd. Wells Fargo & Company set a $89.00 price objective on shares of American Water Works and gave the company a “hold” rating in a research note on Thursday, October 19th. Finally, BidaskClub raised shares of American Water Works from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th.
Shares of American Water Works (NYSE:AWK) traded down $0.67 during trading hours on Monday, hitting $89.02. 2,047,600 shares of the company’s stock were exchanged, compared to its average volume of 857,199. The firm has a market cap of $15,878.98, a price-to-earnings ratio of 30.70, a P/E/G ratio of 3.90 and a beta of 0.25. American Water Works has a 52 week low of $69.96 and a 52 week high of $91.39. The company has a quick ratio of 0.47, a current ratio of 0.49 and a debt-to-equity ratio of 1.21.
American Water Works (NYSE:AWK) last released its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.08. American Water Works had a net margin of 15.82% and a return on equity of 9.69%. The business had revenue of $936.00 million during the quarter, compared to analyst estimates of $992.58 million. During the same quarter in the previous year, the business earned $1.05 EPS. American Water Works’s quarterly revenue was up .6% compared to the same quarter last year. sell-side analysts expect that American Water Works will post 3.01 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be issued a dividend of $0.415 per share. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $1.66 annualized dividend and a dividend yield of 1.86%. American Water Works’s payout ratio is 56.27%.
In related news, insider Deborah A. Degillio sold 822 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $89.75, for a total value of $73,774.50. Following the sale, the insider now owns 3,659 shares of the company’s stock, valued at $328,395.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Michael A. Sgro sold 841 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $90.03, for a total transaction of $75,715.23. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,191 shares of company stock worth $890,337. Insiders own 0.34% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Whittier Trust Co. increased its stake in American Water Works by 1.7% in the third quarter. Whittier Trust Co. now owns 213,681 shares of the utilities provider’s stock valued at $17,287,000 after acquiring an additional 3,607 shares during the period. Swiss National Bank boosted its position in American Water Works by 3.1% in the second quarter. Swiss National Bank now owns 701,922 shares of the utilities provider’s stock valued at $54,715,000 after buying an additional 21,000 shares in the last quarter. Forsta AP Fonden boosted its position in American Water Works by 17.5% in the third quarter. Forsta AP Fonden now owns 168,800 shares of the utilities provider’s stock valued at $13,658,000 after buying an additional 25,100 shares in the last quarter. Ameriprise Financial Inc. boosted its position in American Water Works by 9.4% in the second quarter. Ameriprise Financial Inc. now owns 1,103,953 shares of the utilities provider’s stock valued at $85,920,000 after buying an additional 95,303 shares in the last quarter. Finally, Scout Investments Inc. boosted its position in American Water Works by 5.7% in the second quarter. Scout Investments Inc. now owns 520,340 shares of the utilities provider’s stock valued at $40,561,000 after buying an additional 28,279 shares in the last quarter. 79.60% of the stock is currently owned by institutional investors and hedge funds.
American Water Works Company Profile
American Water Works Company, Inc is a holding company for regulated and market-based subsidiaries throughout the United States and Ontario, Canada. The Company’s Regulated Businesses segment provides water and wastewater services as public utilities in 16 states in the United States as of December 31, 2016.
Receive News & Ratings for American Water Works Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Water Works and related companies with MarketBeat.com's FREE daily email newsletter.