American Water Works Company Inc (NYSE:AWK) has been assigned a consensus recommendation of “Hold” from the seven analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $129.60.
A number of brokerages have recently commented on AWK. Janney Montgomery Scott increased their price objective on American Water Works from $121.00 to $153.00 and gave the company a “buy” rating in a report on Monday, October 7th. Robert W. Baird increased their price objective on American Water Works from $117.00 to $128.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Bank of America lowered American Water Works from a “neutral” rating to an “underperform” rating and set a $116.00 price objective on the stock. in a report on Monday, July 15th. They noted that the move was a valuation call. Wells Fargo & Co increased their price objective on American Water Works from $122.00 to $128.00 and gave the company a “market perform” rating in a report on Wednesday, August 14th. Finally, ValuEngine lowered American Water Works from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd.
In other American Water Works news, COO Walter Lynch sold 6,908 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $126.91, for a total value of $876,694.28. Following the sale, the chief operating officer now owns 113,574 shares of the company’s stock, valued at approximately $14,413,676.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director George Mackenzie sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $129.18, for a total value of $1,291,800.00. Following the completion of the sale, the director now directly owns 25,338 shares in the company, valued at approximately $3,273,162.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,931 shares of company stock worth $2,639,065. 0.36% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in AWK. Price T Rowe Associates Inc. MD grew its holdings in American Water Works by 17.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 8,771,839 shares of the utilities provider’s stock valued at $1,017,533,000 after buying an additional 1,293,688 shares during the last quarter. BlackRock Inc. grew its holdings in shares of American Water Works by 5.7% during the 2nd quarter. BlackRock Inc. now owns 15,396,801 shares of the utilities provider’s stock worth $1,786,029,000 after purchasing an additional 827,507 shares in the last quarter. Nuveen Asset Management LLC acquired a new stake in shares of American Water Works during the 2nd quarter worth approximately $59,360,000. Mirova grew its holdings in shares of American Water Works by 2,355.8% during the 2nd quarter. Mirova now owns 428,126 shares of the utilities provider’s stock worth $49,663,000 after purchasing an additional 410,693 shares in the last quarter. Finally, California Public Employees Retirement System grew its holdings in shares of American Water Works by 23.4% during the 2nd quarter. California Public Employees Retirement System now owns 1,370,379 shares of the utilities provider’s stock worth $158,964,000 after purchasing an additional 259,864 shares in the last quarter. 85.01% of the stock is currently owned by hedge funds and other institutional investors.
Shares of AWK traded down $1.55 during midday trading on Monday, reaching $119.56. 619,391 shares of the stock were exchanged, compared to its average volume of 976,343. American Water Works has a 12-month low of $85.89 and a 12-month high of $129.89. The firm has a 50 day simple moving average of $122.95 and a 200-day simple moving average of $117.18. The company has a quick ratio of 0.53, a current ratio of 0.56 and a debt-to-equity ratio of 1.43. The company has a market cap of $22.10 billion, a price-to-earnings ratio of 36.23, a P/E/G ratio of 4.21 and a beta of 0.09.
American Water Works (NYSE:AWK) last posted its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.94 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.94. American Water Works had a return on equity of 10.51% and a net margin of 16.53%. The company had revenue of $882.00 million during the quarter, compared to the consensus estimate of $907.56 million. During the same period last year, the business earned $0.83 EPS. The business’s quarterly revenue was up 3.4% on a year-over-year basis. Research analysts expect that American Water Works will post 3.6 earnings per share for the current fiscal year.
American Water Works Company Profile
American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, such as 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; and other utilities and community water and wastewater systems.
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