Several other analysts have also issued reports on the company. Zacks Investment Research upgraded American Water Works from a “hold” rating to a “buy” rating and set a $123.00 target price on the stock in a report on Thursday, May 16th. Boenning Scattergood reiterated a “hold” rating on shares of American Water Works in a report on Thursday, May 2nd. Janney Montgomery Scott reiterated a “buy” rating and set a $121.00 target price (up previously from $102.00) on shares of American Water Works in a report on Thursday, May 2nd. Finally, Bank of America upped their target price on American Water Works from $92.00 to $103.00 and gave the stock a “neutral” rating in a report on Thursday, February 21st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $109.67.
AWK opened at $115.38 on Monday. American Water Works has a 52-week low of $78.04 and a 52-week high of $119.28. The stock has a market cap of $20.91 billion, a P/E ratio of 34.96, a P/E/G ratio of 4.00 and a beta of 0.19. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.30 and a current ratio of 0.32.
American Water Works (NYSE:AWK) last released its earnings results on Wednesday, May 1st. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.02). American Water Works had a return on equity of 10.25% and a net margin of 16.44%. The company had revenue of $813.00 million for the quarter, compared to the consensus estimate of $792.73 million. During the same quarter in the previous year, the company posted $0.59 EPS. The business’s revenue was up 6.8% on a year-over-year basis. Equities research analysts predict that American Water Works will post 3.6 EPS for the current year.
In other American Water Works news, insider Susan N. Story sold 28,457 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $113.84, for a total value of $3,239,544.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Loyd A. Warnock sold 9,502 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $111.04, for a total value of $1,055,102.08. Following the completion of the sale, the senior vice president now owns 18,314 shares in the company, valued at approximately $2,033,586.56. The disclosure for this sale can be found here. Insiders sold 66,556 shares of company stock worth $7,477,635 in the last 90 days. Corporate insiders own 0.36% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in AWK. Barrett Asset Management LLC bought a new stake in American Water Works in the first quarter valued at approximately $25,000. Larson Financial Group LLC bought a new stake in American Water Works in the fourth quarter valued at approximately $28,000. Citizens Financial Group Inc RI bought a new stake in American Water Works in the first quarter valued at approximately $30,000. Capital Financial Planning LLC bought a new stake in American Water Works in the fourth quarter valued at approximately $31,000. Finally, Cresset Asset Management LLC bought a new stake in American Water Works in the first quarter valued at approximately $31,000. Hedge funds and other institutional investors own 84.42% of the company’s stock.
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 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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