American Water Works (AWK) Receives Average Rating of “Hold” from Brokerages
Shares of American Water Works (NYSE:AWK) have been given a consensus rating of “Hold” by the twelve ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $84.72.
AWK has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of American Water Works from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Wells Fargo & Company set a $89.00 price target on shares of American Water Works and gave the company a “hold” rating in a research note on Thursday, October 19th. BidaskClub upgraded shares of American Water Works from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Boenning Scattergood restated a “hold” rating on shares of American Water Works in a research note on Friday, September 22nd. Finally, Bank of America Corp initiated coverage on shares of American Water Works in a research note on Tuesday, October 24th. They set a “buy” rating and a $95.00 price target on the stock.
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Shares of American Water Works (NYSE AWK) remained flat at $87.76 on Thursday. The company had a trading volume of 641,256 shares. American Water Works has a one year low of $69.41 and a one year high of $88.20. The stock has a 50 day moving average price of $83.89 and a 200 day moving average price of $80.71. The firm has a market capitalization of $15.65 billion, a PE ratio of 33.13 and a beta of 0.25.
American Water Works (NYSE:AWK) last announced its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 EPS for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.07). The business had revenue of $844.00 million for the quarter, compared to analysts’ expectations of $869.52 million. American Water Works had a net margin of 14.20% and a return on equity of 9.70%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 earnings per share. Equities research analysts predict that American Water Works will post $3.01 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 10th will be issued a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a yield of 1.89%. American Water Works’s dividend payout ratio (DPR) is presently 62.64%.
In related news, COO Walter Lynch sold 3,335 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $82.05, for a total transaction of $273,636.75. Following the sale, the chief operating officer now owns 94,702 shares of the company’s stock, valued at approximately $7,770,299.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.34% of the company’s stock.
A number of institutional investors have recently bought and sold shares of AWK. Wellington Management Group LLP increased its holdings in American Water Works by 89.3% during the 1st quarter. Wellington Management Group LLP now owns 67,064 shares of the utilities provider’s stock worth $5,216,000 after acquiring an additional 31,644 shares during the period. Thrivent Financial For Lutherans increased its holdings in shares of American Water Works by 6.1% in the 1st quarter. Thrivent Financial For Lutherans now owns 6,560 shares of the utilities provider’s stock worth $510,000 after buying an additional 380 shares during the last quarter. MARSHALL WACE ASIA Ltd bought a new position in shares of American Water Works in the 1st quarter worth $637,000. Dimensional Fund Advisors LP increased its holdings in shares of American Water Works by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 418,472 shares of the utilities provider’s stock worth $32,541,000 after buying an additional 9,787 shares during the last quarter. Finally, United Capital Financial Advisers LLC bought a new position in shares of American Water Works in the 1st quarter worth $258,000. 79.82% of the stock is currently owned by institutional investors and hedge funds.
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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