American Water Works (NYSE:AWK) has received an average rating of “Hold” from the twelve research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $84.72.

AWK has been the topic of several analyst reports. Bank of America Corporation initiated coverage on American Water Works in a research report on Tuesday. They set a “buy” rating and a $95.00 target price on the stock. BidaskClub raised American Water Works from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research raised 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. Wells Fargo & Company set a $89.00 target price on American Water Works and gave the company a “hold” rating in a research report on Thursday, October 19th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $82.00 target price on shares of American Water Works in a research report on Sunday, October 1st.

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In other American Water Works news, COO Walter Lynch sold 3,335 shares of the business’s stock in a transaction 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 transaction, the chief operating officer now owns 94,702 shares of the company’s stock, valued at $7,770,299.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.34% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of AWK. Wellington Management Group LLP raised its stake in shares of American Water Works by 89.3% in the first quarter. Wellington Management Group LLP now owns 67,064 shares of the utilities provider’s stock valued at $5,216,000 after buying an additional 31,644 shares during the period. Thrivent Financial For Lutherans raised its stake in shares of American Water Works by 6.1% in the first quarter. Thrivent Financial For Lutherans now owns 6,560 shares of the utilities provider’s stock valued at $510,000 after buying an additional 380 shares during the period. MARSHALL WACE ASIA Ltd bought a new stake in shares of American Water Works in the first quarter valued at $637,000. Dimensional Fund Advisors LP raised its stake in shares of American Water Works by 2.4% in the first quarter. Dimensional Fund Advisors LP now owns 418,472 shares of the utilities provider’s stock valued at $32,541,000 after buying an additional 9,787 shares during the period. Finally, United Capital Financial Advisers LLC bought a new stake in shares of American Water Works in the first quarter valued at $258,000. Hedge funds and other institutional investors own 79.60% of the company’s stock.

Shares of American Water Works (NYSE AWK) traded up 0.64% during midday trading on Thursday, hitting $87.49. The stock had a trading volume of 779,060 shares. The company’s 50 day moving average is $83.37 and its 200 day moving average is $80.50. American Water Works has a 52 week low of $69.41 and a 52 week high of $88.15. The firm has a market cap of $15.60 billion, a P/E ratio of 33.03 and a beta of 0.25.

American Water Works (NYSE:AWK) last announced 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 firm 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 company’s revenue was up 2.1% on a year-over-year basis. During the same period last year, the business posted $0.77 EPS. On average, equities analysts predict that American Water Works will post $3.01 earnings per share for the current fiscal year.

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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