American Water Works Company Inc (AWK) Receives Consensus Rating of “Buy” from Brokerages

Share on StockTwits

Shares of American Water Works Company Inc (NYSE:AWK) have received a consensus rating of “Buy” from the twelve ratings firms that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $90.42.

A number of equities analysts have recently commented on the company. ValuEngine raised American Water Works from a “hold” rating to a “buy” rating in a report on Monday, September 17th. Evercore ISI assumed coverage on American Water Works in a report on Monday, September 17th. They issued an “outperform” rating and a $96.00 target price for the company. Zacks Investment Research raised American Water Works from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a report on Monday, July 23rd. Finally, Boenning Scattergood reaffirmed a “neutral” rating on shares of American Water Works in a report on Thursday, June 28th.

In other American Water Works news, COO Walter Lynch sold 10,000 shares of the company’s stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $89.57, for a total value of $895,700.00. Following the completion of the transaction, the chief operating officer now owns 112,031 shares of the company’s stock, valued at approximately $10,034,616.67. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Loyd A. Warnock sold 10,520 shares of the company’s stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $87.86, for a total value of $924,287.20. Following the completion of the transaction, the senior vice president now directly owns 12,322 shares of the company’s stock, valued at approximately $1,082,610.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,634 shares of company stock valued at $1,918,888. Insiders own 0.35% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Creative Planning grew its position in shares of American Water Works by 5.5% in the 2nd quarter. Creative Planning now owns 12,154 shares of the utilities provider’s stock valued at $1,038,000 after buying an additional 632 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of American Water Works by 3.3% in the 2nd quarter. CIBC Asset Management Inc now owns 20,416 shares of the utilities provider’s stock valued at $1,743,000 after buying an additional 643 shares during the last quarter. Murphy Capital Management Inc. grew its position in shares of American Water Works by 4.0% in the 3rd quarter. Murphy Capital Management Inc. now owns 17,530 shares of the utilities provider’s stock valued at $1,542,000 after buying an additional 675 shares during the last quarter. Meadow Creek Investment Management LLC grew its position in shares of American Water Works by 7.5% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 10,144 shares of the utilities provider’s stock valued at $866,000 after buying an additional 704 shares during the last quarter. Finally, Ascension Asset Management LLC grew its position in shares of American Water Works by 5.7% in the 2nd quarter. Ascension Asset Management LLC now owns 13,350 shares of the utilities provider’s stock valued at $1,140,000 after buying an additional 725 shares during the last quarter. Hedge funds and other institutional investors own 83.37% of the company’s stock.

Shares of American Water Works stock traded up $1.62 during trading on Thursday, reaching $89.62. 17,035 shares of the company’s stock were exchanged, compared to its average volume of 892,688. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.27 and a current ratio of 0.28. American Water Works has a 1-year low of $76.04 and a 1-year high of $92.37. The stock has a market capitalization of $15.88 billion, a P/E ratio of 29.20, a price-to-earnings-growth ratio of 3.45 and a beta of 0.11.

American Water Works (NYSE:AWK) last posted its quarterly earnings results on Wednesday, August 1st. The utilities provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.02. American Water Works had a return on equity of 10.32% and a net margin of 13.94%. The company had revenue of $853.00 million during the quarter, compared to analysts’ expectations of $866.02 million. During the same quarter in the previous year, the firm earned $0.73 EPS. American Water Works’s revenue was up 1.1% on a year-over-year basis. On average, research analysts forecast that American Water Works will post 3.27 earnings per share for the current year.

American Water Works Company Profile

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states. The company operates approximately 72 surface water treatment plants; 527 groundwater treatment plants; 8 combined treatment plants; 127 wastewater treatment plants; 50,382 miles of transmission, distribution, and collection mains and pipes; 1,103 groundwater wells; 1,428 water and wastewater pumping stations; 1,313 treated water storage facilities; and 80 dams.

Featured Article: Hedge Funds Explained

Analyst Recommendations for American Water Works (NYSE:AWK)

Receive News & Ratings for American Water Works Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Water Works and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply