Boenning Scattergood reaffirmed their neutral rating on shares of American Water Works (NYSE:AWK) in a research report report published on Thursday morning. Boenning Scattergood also issued estimates for American Water Works’ Q1 2019 earnings at $0.58 EPS, Q2 2019 earnings at $0.87 EPS, Q3 2019 earnings at $1.33 EPS and Q4 2019 earnings at $0.71 EPS.
“We recently hosted Ormat CEO Isaac Angel for investor meetings on the West Coast. Key investor focus areas included: (1) status of Ormat’s Puna, HI plant; (2) risk profile on international project development; (3) competitiveness of geothermal vs. other renewables; (4) US Geothermal synergies/pipeline and (5) Ormat’s strategy for energy storage growth. While management spoke to these areas, we also believe Ormat’s improved technology competitiveness across geothermal sub-markets may be an underappreciated element of the story. We see that competitiveness helping Ormat execute to plan toward its FY22 target of $600M adj. EBITDA, primarily via geothermal asset expansions and repowering. We update our model to reflect ORA’s recently restated financials and maintain our Perform rating.”,” Boenning Scattergood’s analyst wrote.
Other analysts also recently issued reports about the company. Argus reiterated a buy rating and set a $105.00 target price on shares of American Water Works in a research report on Tuesday, May 8th. Janney Montgomery Scott upgraded American Water Works from a neutral rating to a buy rating and lifted their target price for the stock from $87.00 to $92.00 in a research report on Monday, April 16th. They noted that the move was a valuation call. ValuEngine upgraded American Water Works from a hold rating to a buy rating in a research report on Monday, April 2nd. UBS Group lifted their target price on American Water Works from $89.00 to $91.00 and gave the stock a buy rating in a research report on Friday, March 23rd. Finally, HSBC upgraded American Water Works from a hold rating to a buy rating and lifted their target price for the stock from $74.63 to $80.15 in a research report on Friday, March 23rd. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. American Water Works has an average rating of Buy and a consensus target price of $88.68.
NYSE:AWK opened at $85.38 on Thursday. American Water Works has a twelve month low of $76.04 and a twelve month high of $92.37. The firm has a market cap of $15.20 billion, a PE ratio of 28.18, a price-to-earnings-growth ratio of 3.35 and a beta of 0.15. The company has a quick ratio of 0.27, a current ratio of 0.29 and a debt-to-equity ratio of 1.17.
American Water Works (NYSE:AWK) last released its earnings results on Wednesday, May 2nd. The utilities provider reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.04. American Water Works had a return on equity of 10.20% and a net margin of 13.06%. The business had revenue of $761.00 million during the quarter, compared to the consensus estimate of $726.74 million. During the same period last year, the company earned $0.52 earnings per share. The business’s revenue for the quarter was up .7% compared to the same quarter last year. sell-side analysts anticipate that American Water Works will post 3.27 earnings per share for the current year.
In other American Water Works news, EVP Michael A. Sgro sold 16,026 shares of American Water Works stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $80.54, for a total value of $1,290,734.04. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Loyd A. Warnock sold 2,870 shares of American Water Works stock in a transaction dated Thursday, May 24th. The shares were sold at an average price of $81.45, for a total value of $233,761.50. Following the completion of the transaction, the senior vice president now owns 14,410 shares in the company, valued at approximately $1,173,694.50. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Synovus Financial Corp purchased a new position in American Water Works in the first quarter valued at about $114,000. Signaturefd LLC purchased a new position in American Water Works in the first quarter valued at about $121,000. McKinley Carter Wealth Services Inc. purchased a new position in American Water Works in the first quarter valued at about $148,000. Smithfield Trust Co. grew its stake in American Water Works by 268.7% in the first quarter. Smithfield Trust Co. now owns 1,825 shares of the utilities provider’s stock valued at $150,000 after purchasing an additional 1,330 shares during the last quarter. Finally, Point72 Asia Hong Kong Ltd purchased a new position in American Water Works in the first quarter valued at about $152,000. Institutional investors own 83.69% of the company’s stock.
About American Water Works
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.
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