Stock analysts at Northcoast Research started coverage on shares of American Water Works Company Inc (NYSE:AWK) in a research note issued on Thursday, The Fly reports. The firm set a “neutral” rating on the utilities provider’s stock.

AWK has been the subject of a number of other research reports. Vetr upgraded American Water Works Company from a “hold” rating to a “buy” rating and set a $82.36 price target for the company in a report on Monday, May 1st. HSBC Holdings plc cut American Water Works Company from a “buy” rating to a “hold” rating and set a $79.00 price objective for the company. in a report on Wednesday, March 15th. Zacks Investment Research cut American Water Works Company from a “hold” rating to a “sell” rating in a report on Tuesday, April 25th. Finally, Robert W. Baird cut American Water Works Company from an “outperform” rating to a “neutral” rating and boosted their price objective for the stock from $69.41 to $82.00 in a report on Wednesday, April 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $82.60.

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

American Water Works Company (NYSE:AWK) opened at 77.04 on Thursday. The firm has a market cap of $13.73 billion, a PE ratio of 28.75 and a beta of 0.19. The company’s 50 day moving average price is $77.84 and its 200 day moving average price is $74.78. American Water Works Company has a 52-week low of $69.41 and a 52-week high of $85.24.

American Water Works Company (NYSE:AWK) last posted its quarterly earnings results on Wednesday, May 3rd. The utilities provider reported $0.52 EPS for the quarter, hitting analysts’ consensus estimates of $0.52. American Water Works Company had a return on equity of 9.85% and a net margin of 14.19%. The business had revenue of $756 million during the quarter, compared to analysts’ expectations of $759.54 million. During the same quarter last year, the company posted $0.46 earnings per share. American Water Works Company’s quarterly revenue was up 1.7% on a year-over-year basis. Analysts predict that American Water Works Company will post $3.03 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Friday, May 5th will be issued a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Wednesday, May 3rd. This is a boost from American Water Works Company’s previous quarterly dividend of $0.38. American Water Works Company’s payout ratio is currently 57.47%.

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In other news, SVP Mark F. Strauss sold 13,011 shares of American Water Works Company stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $77.57, for a total value of $1,009,263.27. Following the completion of the sale, the senior vice president now directly owns 48,135 shares in the company, valued at $3,733,831.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Loyd A. Warnock sold 1,263 shares of American Water Works Company stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $75.21, for a total transaction of $94,990.23. Following the completion of the sale, the senior vice president now owns 7,055 shares of the company’s stock, valued at $530,606.55. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,572 shares of company stock valued at $1,278,315. Corporate insiders own 0.32% of the company’s stock.

Several large investors have recently added to or reduced their stakes in AWK. Parallel Advisors LLC increased its stake in American Water Works Company by 24.7% in the first quarter. Parallel Advisors LLC now owns 1,482 shares of the utilities provider’s stock worth $115,000 after buying an additional 294 shares during the last quarter. Van ECK Associates Corp increased its stake in American Water Works Company by 18.0% in the first quarter. Van ECK Associates Corp now owns 1,548 shares of the utilities provider’s stock worth $120,000 after buying an additional 236 shares during the last quarter. Crestwood Advisors Group LLC acquired a new stake in American Water Works Company during the first quarter worth $121,000. Sunbelt Securities Inc. acquired a new stake in American Water Works Company during the fourth quarter worth $124,000. Finally, Seven Eight Capital LP acquired a new stake in American Water Works Company during the fourth quarter worth $137,000. Institutional investors 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.

12 Month Chart for NYSE:AWK

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