Robert W. Baird upgraded shares of American Water Works (NYSE:AWK) from a neutral rating to an outperform rating in a report issued on Thursday, MarketBeat Ratings reports. The firm currently has $103.00 price target on the utilities provider’s stock.
A number of other research analysts also recently commented on AWK. ValuEngine downgraded American Water Works from a buy rating to a hold rating in a report on Tuesday, August 28th. Evercore ISI started coverage on American Water Works in a report on Monday, September 17th. They issued an outperform rating and a $96.00 price objective on the stock. Finally, Zacks Investment Research upgraded American Water Works from a sell rating to a hold rating in a report on Tuesday, October 23rd. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. American Water Works has a consensus rating of Buy and a consensus price target of $93.02.
Shares of NYSE AWK opened at $97.80 on Thursday. The company has a current ratio of 0.46, a quick ratio of 0.43 and a debt-to-equity ratio of 1.29. American Water Works has a 1-year low of $76.04 and a 1-year high of $98.18. The stock has a market cap of $17.66 billion, a price-to-earnings ratio of 32.28, a P/E/G ratio of 3.80 and a beta of 0.12.
American Water Works (NYSE:AWK) last released its quarterly earnings data on Wednesday, October 31st. The utilities provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.04. American Water Works had a return on equity of 10.57% and a net margin of 13.31%. The business had revenue of $976.00 million for the quarter, compared to the consensus estimate of $946.35 million. During the same quarter in the prior year, the business posted $1.08 EPS. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, research analysts expect that American Water Works will post 3.3 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Thursday, February 7th will be issued a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.86%. American Water Works’s payout ratio is currently 60.07%.
In other news, COO Walter Lynch sold 5,000 shares of the stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $91.69, for a total value of $458,450.00. Following the transaction, the chief operating officer now owns 107,031 shares in the company, valued at approximately $9,813,672.39. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Karl F. Kurz purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 13th. The shares were purchased at an average price of $91.30 per share, for a total transaction of $91,300.00. The disclosure for this purchase can be found here. Corporate insiders own 0.35% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in AWK. BlackRock Inc. grew its stake in American Water Works by 3.3% during the 2nd quarter. BlackRock Inc. now owns 13,605,841 shares of the utilities provider’s stock worth $1,161,668,000 after buying an additional 437,246 shares during the last quarter. Vanguard Group Inc. grew its stake in American Water Works by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 19,220,656 shares of the utilities provider’s stock worth $1,690,841,000 after buying an additional 436,131 shares during the last quarter. Carillon Tower Advisers Inc. grew its stake in American Water Works by 1,172.0% during the 2nd quarter. Carillon Tower Advisers Inc. now owns 305,600 shares of the utilities provider’s stock worth $26,092,000 after buying an additional 281,575 shares during the last quarter. Renaissance Technologies LLC grew its stake in American Water Works by 47.0% during the 3rd quarter. Renaissance Technologies LLC now owns 715,800 shares of the utilities provider’s stock worth $62,969,000 after buying an additional 228,700 shares during the last quarter. Finally, Sabal Trust CO purchased a new position in American Water Works during the 3rd quarter worth approximately $18,921,000. Hedge funds and other institutional investors own 83.08% of the company’s stock.
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.
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