American Water Works’ (AWK) Hold Rating Reaffirmed at Robert W. Baird
AWK has been the subject of a number of other research reports. BidaskClub downgraded shares of American Water Works from a buy rating to a hold rating in a report on Friday, June 30th. Zacks Investment Research upgraded shares of American Water Works from a hold rating to a buy rating and set a $87.00 target price for the company in a research note on Tuesday, July 11th. Vetr cut shares of American Water Works from a buy rating to a hold rating and set a $84.04 target price on the stock. in a report on Wednesday, June 14th. Finally, Boenning Scattergood reissued a hold rating on shares of American Water Works in a report on Friday, September 22nd. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. American Water Works currently has a consensus rating of Hold and an average target price of $82.86.
American Water Works (NYSE:AWK) opened at 80.91 on Friday. American Water Works has a 12 month low of $69.41 and a 12 month high of $83.14. The stock has a market capitalization of $14.42 billion, a P/E ratio of 30.88 and a beta of 0.25. The firm’s 50-day moving average is $81.58 and its 200 day moving average is $79.19.
American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.07). American Water Works had a return on equity of 9.70% and a net margin of 14.20%. The firm had revenue of $844.00 million during the quarter, compared to analyst estimates of $869.52 million. During the same quarter in the previous year, the business posted $0.77 EPS. American Water Works’s revenue was up 2.1% compared to the same quarter last year. On average, equities analysts anticipate that American Water Works will post $3.00 earnings per share for the current year.
In other American Water Works news, COO Walter Lynch sold 15,169 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $82.00, for a total value of $1,243,858.00. Following the sale, the chief operating officer now directly owns 111,171 shares in the company, valued at $9,116,022. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.34% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in AWK. Cornerstone Advisors Inc. increased its holdings in shares of American Water Works by 349.5% in the 2nd quarter. Cornerstone Advisors Inc. now owns 1,344 shares of the utilities provider’s stock worth $105,000 after acquiring an additional 1,045 shares during the period. Parallel Advisors LLC lifted its position in American Water Works by 24.7% in the 1st quarter. Parallel Advisors LLC now owns 1,482 shares of the utilities provider’s stock valued at $115,000 after purchasing an additional 294 shares during the last quarter. Pinebridge Investments L.P. bought a new stake in American Water Works in the 2nd quarter valued at about $118,000. Van ECK Associates Corp lifted its position in American Water Works by 18.0% in the 1st quarter. Van ECK Associates Corp now owns 1,548 shares of the utilities provider’s stock valued at $120,000 after purchasing an additional 236 shares during the last quarter. Finally, Peddock Capital Advisors LLC bought a new stake in American Water Works in the 2nd quarter valued at about $131,000. 79.77% of the stock is owned by institutional investors.
About American Water Works
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.
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