Boenning Scattergood Weighs in on American Water Works’ Q4 2017 Earnings (AWK)
American Water Works (NYSE:AWK) – Equities researchers at Boenning Scattergood upped their Q4 2017 EPS estimates for American Water Works in a research report issued on Thursday. Boenning Scattergood analyst R. Connors now anticipates that the utilities provider will post earnings per share of $0.64 for the quarter, up from their previous forecast of $0.62. Boenning Scattergood also issued estimates for American Water Works’ Q2 2018 earnings at $0.82 EPS and Q3 2018 earnings at $1.16 EPS.
Several other research firms have also recently issued reports on AWK. BidaskClub cut shares of American Water Works from a “buy” rating to a “hold” rating in a report on Thursday. Zacks Investment Research raised shares of American Water Works from a “sell” rating to a “hold” rating in a report on Wednesday, May 31st. Robert W. Baird cut shares of American Water Works from an “outperform” rating to a “neutral” rating and upped their price target for the company from $69.41 to $82.00 in a report on Wednesday, April 26th. Northcoast Research started coverage on shares of American Water Works in a report on Thursday, May 25th. They issued a “neutral” rating on the stock. Finally, Vetr cut shares of American Water Works from a “buy” rating to a “hold” rating and set a $84.04 price target on the stock. in a report on Wednesday, June 14th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $82.63.
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Shares of American Water Works (NYSE AWK) opened at 81.08 on Monday. The firm has a market capitalization of $14.43 billion, a price-to-earnings ratio of 30.58 and a beta of 0.25. American Water Works has a 52 week low of $69.41 and a 52 week high of $82.89. The company’s 50-day moving average is $80.00 and its 200 day moving average is $77.25.
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 Thomson Reuters’ 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 company had revenue of $844 million for the quarter, compared to analyst estimates of $869.52 million. During the same quarter in the prior year, the business earned $0.77 earnings per share. American Water Works’s revenue was up 2.1% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Wednesday, August 9th will be issued a dividend of $0.415 per share. The ex-dividend date is Monday, August 7th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 2.05%. American Water Works’s dividend payout ratio (DPR) is 62.64%.
In other American Water Works news, SVP Loyd A. Warnock sold 2,236 shares of the stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $75.73, for a total transaction of $169,332.28. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Loyd A. Warnock sold 1,263 shares of the stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $75.21, for a total transaction of $94,990.23. Following the sale, the senior vice president now directly owns 7,055 shares in the company, valued at $530,606.55. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of AWK. BlackRock Inc. boosted its stake in shares of American Water Works by 1,423.2% in the first quarter. BlackRock Inc. now owns 14,519,771 shares of the utilities provider’s stock worth $1,129,202,000 after buying an additional 13,566,529 shares during the period. Vanguard Group Inc. boosted its stake in shares of American Water Works by 3.9% in the first quarter. Vanguard Group Inc. now owns 17,720,019 shares of the utilities provider’s stock worth $1,378,085,000 after buying an additional 657,026 shares during the period. Harbour Capital Advisors LLC boosted its stake in shares of American Water Works by 7,096.4% in the second quarter. Harbour Capital Advisors LLC now owns 655,949 shares of the utilities provider’s stock worth $8,415,000 after buying an additional 646,834 shares during the period. Cambiar Investors LLC acquired a new stake in shares of American Water Works during the first quarter worth $41,992,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of American Water Works by 93.7% in the first quarter. JPMorgan Chase & Co. now owns 861,315 shares of the utilities provider’s stock worth $66,985,000 after buying an additional 416,651 shares during the period. 81.08% of the stock is currently 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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