American Water Works (NYSE:AWK) Receives Consensus Recommendation of “Hold” from Analysts
Shares of American Water Works (NYSE:AWK) have been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $82.01.
Several equities analysts have issued reports on AWK shares. Robert W. Baird cut American Water Works from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $69.41 to $82.00 in a research report on Wednesday, April 26th. Northcoast Research started coverage on American Water Works in a research report on Thursday, May 25th. They set a “neutral” rating on the stock. BidaskClub upgraded American Water Works from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research upgraded American Water Works from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a research report on Tuesday, July 11th. Finally, Vetr upgraded American Water Works from a “hold” rating to a “buy” rating and set a $82.36 target price on the stock in a research report on Monday, May 1st.
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In other news, SVP Loyd A. Warnock sold 1,263 shares of the business’s stock in a transaction that occurred 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 owns 7,055 shares of the company’s stock, valued at approximately $530,606.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.34% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the company. Canada Pension Plan Investment Board raised its stake in shares of American Water Works by 38.2% in the first quarter. Canada Pension Plan Investment Board now owns 242,110 shares of the utilities provider’s stock valued at $18,829,000 after buying an additional 66,954 shares during the period. Mason Street Advisors LLC raised its stake in shares of American Water Works by 1.1% in the first quarter. Mason Street Advisors LLC now owns 24,628 shares of the utilities provider’s stock valued at $1,915,000 after buying an additional 278 shares during the period. British Columbia Investment Management Corp raised its stake in shares of American Water Works by 13.6% in the first quarter. British Columbia Investment Management Corp now owns 227,282 shares of the utilities provider’s stock valued at $17,676,000 after buying an additional 27,222 shares during the period. Bank of Nova Scotia raised its stake in shares of American Water Works by 943.7% in the first quarter. Bank of Nova Scotia now owns 40,810 shares of the utilities provider’s stock valued at $3,173,000 after buying an additional 36,900 shares during the period. Finally, National Investment Services Inc. WI purchased a new stake in shares of American Water Works during the first quarter valued at approximately $1,999,000. 81.08% of the stock is currently owned by institutional investors and hedge funds.
Shares of American Water Works (NYSE AWK) traded down 0.79% during trading on Friday, reaching $80.72. The company’s stock had a trading volume of 497,234 shares. American Water Works has a 52 week low of $69.41 and a 52 week high of $82.89. The company has a 50 day moving average price of $79.99 and a 200 day moving average price of $77.66. The firm has a market capitalization of $14.39 billion, a P/E ratio of 30.47 and a beta of 0.25.
American Water Works (NYSE:AWK) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share (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 business had revenue of $844 million for the quarter, compared to analyst estimates of $869.52 million. During the same quarter in the previous year, the firm posted $0.77 EPS. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities research analysts expect that American Water Works will post $3.01 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Wednesday, August 9th will be paid a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Monday, August 7th. American Water Works’s dividend payout ratio (DPR) is 62.64%.
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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