American Water Works (NYSE:AWK) was downgraded by investment analysts at Janney Montgomery Scott from a “buy” rating to a “neutral” rating in a research note issued to investors on Friday, MarketBeat.com reports. The analysts noted that the move was a valuation call.

Several other equities analysts have also recently issued reports on AWK. Boenning Scattergood reissued a “hold” rating on shares of American Water Works in a report on Thursday. BidaskClub cut American Water Works from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Bank of America Corporation assumed coverage on American Water Works in a report on Tuesday, October 24th. They issued a “buy” rating and a $95.00 price objective for the company. Robert W. Baird reissued a “hold” rating and issued a $82.00 price objective on shares of American Water Works in a report on Sunday, October 1st. Finally, Zacks Investment Research cut American Water Works from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $85.63.

American Water Works (NYSE:AWK) traded down $0.69 during trading on Friday, reaching $88.76. The company’s stock had a trading volume of 951,784 shares, compared to its average volume of 905,183. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.29 and a current ratio of 0.49. The firm has a market cap of $15,832.57, a PE ratio of 30.61, a P/E/G ratio of 3.89 and a beta of 0.25.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.08. The business had revenue of $936.00 million during the quarter, compared to analysts’ expectations of $992.58 million. American Water Works had a return on equity of 9.69% and a net margin of 15.82%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.05 EPS. research analysts predict that American Water Works will post 3.01 earnings per share for the current fiscal year.

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In related news, COO Walter Lynch sold 3,335 shares of the company’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $82.05, for a total value of $273,636.75. Following the completion of the transaction, 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 the SEC website. Corporate insiders own 0.34% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in American Water Works by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 18,185,767 shares of the utilities provider’s stock worth $1,417,580,000 after purchasing an additional 465,748 shares during the period. Pictet Asset Management Ltd. raised its holdings in shares of American Water Works by 3.2% during the second quarter. Pictet Asset Management Ltd. now owns 4,004,935 shares of the utilities provider’s stock valued at $313,105,000 after acquiring an additional 125,587 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of American Water Works by 0.5% during the second quarter. Franklin Resources Inc. now owns 2,680,122 shares of the utilities provider’s stock valued at $208,915,000 after acquiring an additional 12,280 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of American Water Works by 11.0% during the second quarter. Wells Fargo & Company MN now owns 2,532,449 shares of the utilities provider’s stock valued at $197,405,000 after acquiring an additional 251,271 shares during the last quarter. Finally, Bessemer Group Inc. raised its holdings in shares of American Water Works by 0.6% during the third quarter. Bessemer Group Inc. now owns 1,946,771 shares of the utilities provider’s stock valued at $157,514,000 after acquiring an additional 11,197 shares during the last quarter. 79.82% of the stock is owned by institutional investors.

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.

Analyst Recommendations for American Water Works (NYSE:AWK)

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