American Water Works (NYSE:AWK) had its price target increased by research analysts at Argus to $105.00 in a research note issued on Friday, The Fly reports. The brokerage currently has a “buy” rating on the utilities provider’s stock. Argus’ price target suggests a potential upside of 14.60% from the company’s previous close.
A number of other equities research analysts have also commented on the stock. Zacks Investment Research upgraded shares of American Water Works from a “hold” rating to a “buy” rating and set a $101.00 price target for the company in a report on Tuesday, December 19th. Robert W. Baird upped their price target on shares of American Water Works from $82.00 to $87.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. Janney Montgomery Scott lowered shares of American Water Works from a “buy” rating to a “neutral” rating in a report on Friday, November 3rd. They noted that the move was a valuation call. Boenning Scattergood reiterated a “hold” rating on shares of American Water Works in a report on Thursday, November 2nd. Finally, Bank of America began coverage on shares of American Water Works in a report on Tuesday, October 24th. They set a “buy” rating and a $95.00 price target for the company. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. American Water Works has an average rating of “Hold” and an average price target of $90.51.
Shares of American Water Works (NYSE:AWK) opened at $91.62 on Friday. The firm has a market cap of $16,203.62, a P/E ratio of 31.06, a PEG ratio of 4.04 and a beta of 0.27. The company has a quick ratio of 0.47, a current ratio of 0.49 and a debt-to-equity ratio of 1.21. American Water Works has a 1-year low of $69.96 and a 1-year high of $92.37.
In other American Water Works news, COO Walter Lynch sold 5,000 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $89.95, for a total transaction of $449,750.00. Following the transaction, the chief operating officer now directly owns 97,667 shares of the company’s stock, valued at approximately $8,785,146.65. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Deborah A. Degillio sold 822 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $89.75, for a total transaction of $73,774.50. Following the transaction, the insider now directly owns 3,659 shares in the company, valued at $328,395.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,856 shares of company stock worth $616,700. Insiders own 0.34% of the company’s stock.
A number of institutional investors have recently modified their holdings of AWK. Parametric Portfolio Associates LLC grew its position in shares of American Water Works by 12.8% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 319,068 shares of the utilities provider’s stock worth $25,816,000 after buying an additional 36,192 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in shares of American Water Works in the 3rd quarter worth about $383,000. Atlantic Trust LLC grew its position in shares of American Water Works by 835.6% in the 3rd quarter. Atlantic Trust LLC now owns 25,309 shares of the utilities provider’s stock worth $2,048,000 after buying an additional 22,604 shares during the period. Cetera Investment Advisers grew its position in shares of American Water Works by 12.2% in the 3rd quarter. Cetera Investment Advisers now owns 5,730 shares of the utilities provider’s stock worth $463,000 after buying an additional 622 shares during the period. Finally, IFM Investors Pty Ltd purchased a new stake in shares of American Water Works in the 3rd quarter worth about $436,000. 80.79% of the stock is currently owned by institutional investors and hedge funds.
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.
