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American Water Works Company (NYSE:AWK) was downgraded by equities researchers at Wells Fargo & Co. from an “outperform” rating to a “market perform” rating in a research report issued on Tuesday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call.

Shares of American Water Works Company (NYSE:AWK) traded down 1.07% during mid-day trading on Tuesday, hitting $50.07. The stock had a trading volume of 507,943 shares. American Water Works Company has a 1-year low of $39.05 and a 1-year high of $50.64. The stock’s 50-day moving average is $48.73 and its 200-day moving average is $46.88. The company has a market cap of $8.957 billion and a P/E ratio of 23.43.

American Water Works Company (NYSE:AWK) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by $0.01. The company had revenue of $759.00 million for the quarter, compared to the consensus estimate of $780.41 million. During the same quarter in the previous year, the company posted $0.57 earnings per share. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, analysts predict that American Water Works Company will post $2.42 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Shareholders of record on Monday, August 11th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend is Thursday, August 7th.

Separately, analysts at Credit Suisse raised their price target on shares of American Water Works Company from $45.00 to $49.00 in a research note on Friday, August 8th. They now have a “neutral” rating on the stock. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $51.75.

In other American Water Works Company news, Director George Mackenzie sold 1,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $49.89, for a total value of $49,890.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

American Water Works Company, Inc (NYSE:AWK) is a water and wastewater utility company.

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