American Water Works (NYSE:AWK) received a $89.00 price objective from equities research analysts at Wells Fargo & Company in a research note issued on Thursday. The brokerage presently has a “hold” rating on the utilities provider’s stock. Wells Fargo & Company’s price objective indicates a potential upside of 1.41% from the company’s previous close.

Several other brokerages have also recently issued reports on AWK. BidaskClub cut shares of American Water Works from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Zacks Investment Research raised shares of American Water Works from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Robert W. Baird reissued a “hold” rating and issued a $82.00 price objective on shares of American Water Works in a research note on Sunday, October 1st. Finally, Boenning Scattergood reissued a “hold” rating on shares of American Water Works in a research note on Friday, September 22nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $83.63.

American Water Works (NYSE AWK) traded up 0.60% during mid-day trading on Thursday, hitting $87.76. 1,100,294 shares of the stock traded hands. The stock has a market cap of $15.65 billion, a PE ratio of 32.99 and a beta of 0.25. American Water Works has a 12-month low of $69.41 and a 12-month high of $87.87. The company has a 50 day moving average of $82.90 and a 200-day moving average of $80.28.

American Water Works (NYSE:AWK) last announced its earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.07). The business had revenue of $844.00 million during 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.77 earnings per share. Equities research analysts forecast that American Water Works will post $3.00 earnings per share for the current year.

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In other American Water Works news, COO Walter Lynch sold 15,169 shares of the business’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $82.00, for a total transaction of $1,243,858.00. Following the sale, the chief operating officer now directly owns 111,171 shares in the company, valued at approximately $9,116,022. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.34% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in AWK. Cornerstone Advisors Inc. boosted its position in shares of American Water Works by 349.5% in the 2nd quarter. Cornerstone Advisors Inc. now owns 1,344 shares of the utilities provider’s stock worth $105,000 after buying an additional 1,045 shares in the last quarter. Pinebridge Investments L.P. purchased a new stake in shares of American Water Works in the 2nd quarter worth about $118,000. Peddock Capital Advisors LLC purchased a new stake in shares of American Water Works in the 2nd quarter worth about $131,000. Aviance Capital Management LLC purchased a new stake in shares of American Water Works in the 2nd quarter worth about $147,000. Finally, Almanack Investment Partners LLC. purchased a new stake in shares of American Water Works in the 2nd quarter worth about $154,000. Institutional investors and hedge funds own 79.63% 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.

Analyst Recommendations for American Water Works (NYSE:AWK)

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