American Water Works (NYSE:AWK) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Thursday.

According to Zacks, “Year to date shares of American Water Works Company have gained higher than the industry. American Water Works continues to add customers and expand its market reach through acquisitions and organic growth. Year to date, the water utility has added 22,000 customers through closed acquisitions and organic growth. Thanks to its ongoing capital expenditure we expect the company to improve its water and wastewater systems, providing efficient services to its expanding customer base.  Unimpressive performance in the market-based businesses has proved detrimental to the company’s earnings. It is subject to stringent regulations, fluctuating weather patterns and risk of accidents due to old and soiled pipelines.”

A number of other brokerages have also commented on AWK. BidaskClub lowered American Water Works from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Vetr lowered American Water Works from a “buy” rating to a “hold” rating and set a $84.04 price objective on the stock. in a report on Wednesday, June 14th. Finally, Northcoast Research began coverage on American Water Works in a report on Thursday, May 25th. They set a “neutral” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. American Water Works presently has a consensus rating of “Hold” and an average price target of $82.86.

American Water Works (NYSE:AWK) traded up 1.04% during trading on Thursday, reaching $82.21. The company’s stock had a trading volume of 551,006 shares. The firm has a market capitalization of $14.66 billion, a price-to-earnings ratio of 31.03 and a beta of 0.25. The stock’s 50-day moving average is $81.46 and its 200 day moving average is $79.06. American Water Works has a 52-week low of $69.41 and a 52-week high of $83.06.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.73 EPS for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.07). The company had revenue of $844.00 million for the quarter, compared to analyst estimates of $869.52 million. American Water Works had a net margin of 14.20% and a return on equity of 9.70%. The business’s revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.77 EPS. On average, analysts predict that American Water Works will post $3.01 EPS for the current fiscal year.

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In other American Water Works news, COO Walter Lynch sold 3,335 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $82.05, for a total value of $273,636.75. Following the sale, the chief operating officer now owns 94,702 shares of the company’s stock, valued at approximately $7,770,299.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.34% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Focused Wealth Management Inc grew its holdings in American Water Works by 0.3% in the 1st quarter. Focused Wealth Management Inc now owns 4,367 shares of the utilities provider’s stock valued at $340,000 after buying an additional 13 shares during the last quarter. Flagship Harbor Advisors LLC grew its holdings in shares of American Water Works by 0.3% during the 1st quarter. Flagship Harbor Advisors LLC now owns 3,757 shares of the utilities provider’s stock worth $293,000 after purchasing an additional 13 shares in the last quarter. Day & Ennis LLC grew its holdings in shares of American Water Works by 0.4% during the 1st quarter. Day & Ennis LLC now owns 3,329 shares of the utilities provider’s stock worth $259,000 after purchasing an additional 14 shares in the last quarter. Clifford Swan Investment Counsel LLC grew its holdings in shares of American Water Works by 0.5% during the 1st quarter. Clifford Swan Investment Counsel LLC now owns 9,183 shares of the utilities provider’s stock worth $714,000 after purchasing an additional 43 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of American Water Works by 0.5% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 9,253 shares of the utilities provider’s stock worth $720,000 after purchasing an additional 50 shares in the last quarter. 79.93% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for American Water Works (NYSE:AWK)

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