American Water (AWK) Given Consensus Recommendation of “Hold” by Analysts

American Water (NYSE:AWK) has received a consensus recommendation of “Hold” from the fourteen brokerages that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $88.24.

Several research analysts have issued reports on AWK shares. Bank of America set a $84.00 price target on shares of American Water and gave the stock a “hold” rating in a report on Thursday, February 22nd. Guggenheim lowered shares of American Water from a “buy” rating to a “neutral” rating in a report on Tuesday, January 2nd. Argus raised their price target on shares of American Water from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, December 29th. UBS raised their price target on shares of American Water from $89.00 to $91.00 and gave the stock a “buy” rating in a report on Friday, March 23rd. Finally, Janney Montgomery Scott upgraded shares of American Water from a “neutral” rating to a “buy” rating and raised their price target for the stock from $87.00 to $92.00 in a report on Monday, April 16th. They noted that the move was a valuation call.

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American Water stock traded up $0.70 during trading hours on Thursday, reaching $84.98. 181,557 shares of the stock were exchanged, compared to its average volume of 1,120,290. The company has a market capitalization of $14,939.44, a price-to-earnings ratio of 27.82, a PEG ratio of 3.44 and a beta of 0.16. The company has a quick ratio of 0.29, a current ratio of 0.31 and a debt-to-equity ratio of 1.21. American Water has a twelve month low of $74.63 and a twelve month high of $92.37.

American Water (NYSE:AWK) last announced its quarterly earnings data on Tuesday, February 20th. The utilities provider reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03. The firm had revenue of $821.00 million for the quarter, compared to the consensus estimate of $843.36 million. American Water had a net margin of 12.69% and a return on equity of 10.03%. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.57 earnings per share. sell-side analysts expect that American Water will post 3.26 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Friday, May 11th will be issued a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a yield of 2.14%. This is an increase from American Water’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Thursday, May 10th. American Water’s payout ratio is currently 54.79%.

A number of institutional investors and hedge funds have recently bought and sold shares of AWK. Zimmer Partners LP grew its holdings in American Water by 284.5% during the 4th quarter. Zimmer Partners LP now owns 932,500 shares of the utilities provider’s stock valued at $85,314,000 after buying an additional 690,000 shares in the last quarter. Amundi Pioneer Asset Management Inc. purchased a new position in shares of American Water in the 4th quarter worth approximately $53,365,000. Wells Fargo & Company MN boosted its holdings in shares of American Water by 11.0% in the 4th quarter. Wells Fargo & Company MN now owns 3,051,998 shares of the utilities provider’s stock worth $279,228,000 after purchasing an additional 303,098 shares during the period. BlackRock Inc. boosted its holdings in shares of American Water by 2.1% in the 4th quarter. BlackRock Inc. now owns 13,263,914 shares of the utilities provider’s stock worth $1,213,515,000 after purchasing an additional 276,485 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of American Water by 96.3% in the 4th quarter. Renaissance Technologies LLC now owns 522,800 shares of the utilities provider’s stock worth $47,831,000 after purchasing an additional 256,500 shares during the period. 84.89% of the stock is currently owned by hedge funds and other institutional investors.

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About American Water

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.

Analyst Recommendations for American Water (NYSE:AWK)

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