Northcoast Research Comments on American Water Works’ Q3 2017 Earnings (AWK)
American Water Works (NYSE:AWK) – Stock analysts at Northcoast Research issued their Q3 2017 earnings per share (EPS) estimates for American Water Works in a research note issued to investors on Monday. Northcoast Research analyst A. Cohen anticipates that the utilities provider will post earnings per share of $1.07 for the quarter. Northcoast Research currently has a “Neutral” rating on the stock. Northcoast Research also issued estimates for American Water Works’ Q4 2017 earnings at $0.66 EPS, Q1 2018 earnings at $0.57 EPS, Q2 2018 earnings at $0.86 EPS, Q3 2018 earnings at $1.10 EPS and Q4 2018 earnings at $0.74 EPS.
Several other research analysts have also recently commented on the stock. BidaskClub cut shares of American Water Works from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Zacks Investment Research cut shares of American Water Works from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Vetr cut shares of American Water Works from a “buy” rating to a “hold” rating and set a $84.04 target price for the company. in a research report on Wednesday, June 14th. Finally, Robert W. Baird cut shares of American Water Works from an “outperform” rating to a “neutral” rating and upped their target price for the stock from $69.41 to $82.00 in a research report on Wednesday, April 26th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $82.63.
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Shares of American Water Works (AWK) opened at 81.39 on Tuesday. The stock has a market cap of $14.49 billion, a price-to-earnings ratio of 30.70 and a beta of 0.25. The firm has a 50-day moving average price of $80.00 and a 200-day moving average price of $77.25. American Water Works has a one year low of $69.41 and a one year high of $82.89.
American Water Works (NYSE:AWK) last announced its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.80 by $0.07. American Water Works had a net margin of 14.20% and a return on equity of 9.70%. The business had revenue of $844 million during the quarter, compared to analysts’ expectations of $869.52 million. During the same period in the prior year, the firm posted $0.77 EPS. American Water Works’s revenue for the quarter was up 2.1% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Wednesday, August 9th will be issued a $0.415 dividend. This represents a $1.66 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Monday, August 7th. American Water Works’s dividend payout ratio (DPR) is presently 62.64%.
In other news, SVP Loyd A. Warnock sold 1,263 shares of the stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $75.21, for a total value of $94,990.23. Following the completion of the transaction, the senior vice president now directly owns 7,055 shares in the company, valued at $530,606.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.34% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Prudential Financial Inc. boosted its position in American Water Works by 1.3% in the second quarter. Prudential Financial Inc. now owns 257,075 shares of the utilities provider’s stock valued at $20,039,000 after buying an additional 3,368 shares during the period. Cutter & CO Brokerage Inc. boosted its position in American Water Works by 2.5% in the second quarter. Cutter & CO Brokerage Inc. now owns 73,837 shares of the utilities provider’s stock valued at $5,756,000 after buying an additional 1,832 shares during the period. Venturi Wealth Management LLC boosted its position in American Water Works by 5.4% in the second quarter. Venturi Wealth Management LLC now owns 48,167 shares of the utilities provider’s stock valued at $3,755,000 after buying an additional 2,484 shares during the period. Victory Capital Management Inc. boosted its position in American Water Works by 17.7% in the second quarter. Victory Capital Management Inc. now owns 28,546 shares of the utilities provider’s stock valued at $2,225,000 after buying an additional 4,303 shares during the period. Finally, Peddock Capital Advisors LLC bought a new position in American Water Works during the second quarter valued at about $131,000. Institutional investors and hedge funds own 81.08% of the company’s stock.
American Water Works 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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