American Water Works (NYSE:AWK) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, September 17th.
Other analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of American Water Works from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a report on Monday, July 23rd. Evercore ISI began coverage on shares of American Water Works in a report on Monday, September 17th. They set an “outperform” rating and a $96.00 price objective on the stock. Finally, Boenning Scattergood reissued a “neutral” rating on shares of American Water Works in a report on Thursday, June 28th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. American Water Works currently has a consensus rating of “Buy” and a consensus target price of $90.42.
NYSE:AWK traded up $0.28 during mid-day trading on Monday, hitting $87.73. The stock had a trading volume of 966,949 shares, compared to its average volume of 893,700. The company has a quick ratio of 0.27, a current ratio of 0.28 and a debt-to-equity ratio of 1.11. American Water Works has a twelve month low of $76.04 and a twelve month high of $92.37. The stock has a market cap of $15.88 billion, a price-to-earnings ratio of 28.95, a price-to-earnings-growth ratio of 3.45 and a beta of 0.11.
American Water Works (NYSE:AWK) last released its quarterly earnings data on Wednesday, August 1st. The utilities provider reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.02. American Water Works had a net margin of 13.94% and a return on equity of 10.32%. The company had revenue of $853.00 million for the quarter, compared to analysts’ expectations of $866.02 million. During the same quarter last year, the company earned $0.73 earnings per share. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, equities analysts anticipate that American Water Works will post 3.27 EPS for the current year.
In other news, SVP Loyd A. Warnock sold 10,520 shares of American Water Works stock in a transaction on Friday, August 31st. The shares were sold at an average price of $87.86, for a total value of $924,287.20. Following the transaction, the senior vice president now directly owns 12,322 shares of the company’s stock, valued at approximately $1,082,610.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Walter Lynch sold 10,000 shares of American Water Works stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of $89.57, for a total transaction of $895,700.00. Following the completion of the transaction, the chief operating officer now directly owns 112,031 shares in the company, valued at $10,034,616.67. The disclosure for this sale can be found here. Insiders sold a total of 21,634 shares of company stock worth $1,918,888 over the last ninety days. Corporate insiders own 0.35% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Bank of Montreal Can increased its holdings in shares of American Water Works by 39.1% in the 3rd quarter. Bank of Montreal Can now owns 331,623 shares of the utilities provider’s stock valued at $29,172,000 after acquiring an additional 93,180 shares during the period. Eagle Capital Management LLC increased its holdings in shares of American Water Works by 2.1% in the 3rd quarter. Eagle Capital Management LLC now owns 37,581 shares of the utilities provider’s stock valued at $3,306,000 after acquiring an additional 755 shares during the period. Murphy Capital Management Inc. increased its holdings in shares of American Water Works by 4.0% in the 3rd quarter. Murphy Capital Management Inc. now owns 17,530 shares of the utilities provider’s stock valued at $1,542,000 after acquiring an additional 675 shares during the period. Personal Capital Advisors Corp increased its holdings in shares of American Water Works by 47.3% in the 3rd quarter. Personal Capital Advisors Corp now owns 8,088 shares of the utilities provider’s stock valued at $712,000 after acquiring an additional 2,596 shares during the period. Finally, Pennsylvania Trust Co increased its holdings in shares of American Water Works by 2.0% in the 3rd quarter. Pennsylvania Trust Co now owns 36,552 shares of the utilities provider’s stock valued at $3,215,000 after acquiring an additional 730 shares during the period. 83.37% of the stock is currently owned by institutional investors and hedge funds.
About American Water Works
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. The company operates approximately 72 surface water treatment plants; 527 groundwater treatment plants; 8 combined treatment plants; 127 wastewater treatment plants; 50,382 miles of transmission, distribution, and collection mains and pipes; 1,103 groundwater wells; 1,428 water and wastewater pumping stations; 1,313 treated water storage facilities; and 80 dams.
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