HSBC Holdings plc downgraded shares of American Water Works Company Inc (NYSE:AWK) from a buy rating to a hold rating in a research note published on Wednesday. The brokerage currently has $79.00 target price on the stock.

Other equities research analysts have also recently issued reports about the company. Robert W. Baird set a $82.00 target price on American Water Works Company and gave the company a buy rating in a research note on Sunday, December 18th. Vetr upgraded American Water Works Company from a hold rating to a buy rating and set a $80.29 target price on the stock in a research note on Tuesday, March 7th. Zacks Investment Research cut American Water Works Company from a buy rating to a hold rating in a research note on Tuesday, November 15th. Janney Montgomery Scott upgraded American Water Works Company from a neutral rating to a buy rating and raised their target price for the company from $73.31 to $80.00 in a research note on Tuesday, December 20th. Finally, Hilliard Lyons upgraded American Water Works Company from a neutral rating to a buy rating and set a $84.00 target price on the stock in a research note on Tuesday, January 17th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $82.09.

Analyst Recommendations for American Water Works Company (NYSE:AWK)

Shares of American Water Works Company (NYSE:AWK) opened at 75.93 on Wednesday. The firm has a market capitalization of $13.53 billion, a PE ratio of 28.98 and a beta of 0.19. The company has a 50-day moving average of $74.72 and a 200-day moving average of $73.33. American Water Works Company has a 52 week low of $67.02 and a 52 week high of $85.24.

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American Water Works Company (NYSE:AWK) last posted its earnings results on Tuesday, February 21st. The company reported $0.57 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.57. The company had revenue of $802 million for the quarter, compared to analysts’ expectations of $820.46 million. American Water Works Company had a return on equity of 9.85% and a net margin of 14.19%. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the business posted $0.55 earnings per share. On average, equities analysts forecast that American Water Works Company will post $3.05 earnings per share for the current fiscal year.

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In related news, SVP Mark F. Strauss sold 13,011 shares of American Water Works Company stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $77.57, for a total transaction of $1,009,263.27. Following the sale, the senior vice president now directly owns 48,135 shares in the company, valued at $3,733,831.95. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.32% of the stock is owned by insiders.

Several large investors have recently modified their holdings of the stock. Cognios Capital LLC boosted its stake in shares of American Water Works Company by 0.3% in the third quarter. Cognios Capital LLC now owns 3,661 shares of the company’s stock worth $274,000 after buying an additional 11 shares in the last quarter. Washington Trust Bank boosted its stake in shares of American Water Works Company by 1.0% in the third quarter. Washington Trust Bank now owns 2,093 shares of the company’s stock worth $157,000 after buying an additional 21 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of American Water Works Company by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,204 shares of the company’s stock worth $738,000 after buying an additional 43 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in shares of American Water Works Company by 1.4% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 4,531 shares of the company’s stock worth $339,000 after buying an additional 64 shares in the last quarter. Finally, Gateway Investment Advisers LLC boosted its stake in shares of American Water Works Company by 0.7% in the third quarter. Gateway Investment Advisers LLC now owns 16,389 shares of the company’s stock worth $1,227,000 after buying an additional 111 shares in the last quarter. Institutional investors and hedge funds own 81.00% of the company’s stock.

American Water Works Company Company Profile

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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