The American Water Works (AWK) Coverage Initiated by Analysts at Robert W. Baird

The American Water Works (AWK) Coverage Initiated by Analysts at Robert W. Baird

Robert W. Baird assumed coverage on shares of American Water Works (NYSE:AWK) in a research report sent to investors on Friday morning. The firm issued an outperform rating and a $82.00 target price on the stock.

Several other research analysts have also recently weighed in on AWK. Zacks Investment Research upgraded American Water Works from a sell rating to a hold rating and set a $93.00 price target for the company in a research report on Friday, July 8th. Barclays PLC cut their price objective on American Water Works from $87.00 to $81.00 and set an overweight rating for the company in a research report on Tuesday, September 6th. Vetr upgraded American Water Works from a buy rating to a strong-buy rating and set a $90.33 price objective for the company in a research report on Thursday, August 4th. Argus assumed coverage on American Water Works in a research report on Friday, June 24th. They issued a buy rating and a $88.00 price objective for the company. Finally, Bank of America Corp. cut American Water Works from a buy rating to a neutral rating and boosted their price objective for the company from $71.92 to $88.00 in a research report on Wednesday, July 6th. They noted that the move was a valuation call. Six analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $82.17.

American Water Works (NYSE:AWK) traded up 0.18% on Friday, hitting $71.86. The stock had a trading volume of 169,148 shares. American Water Works has a 12 month low of $55.13 and a 12 month high of $85.24. The company has a market cap of $12.78 billion, a PE ratio of 26.21 and a beta of 0.17. The company has a 50-day moving average of $73.99 and a 200 day moving average of $75.79.

American Water Works (NYSE:AWK) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.04. The company earned $827 million during the quarter, compared to analysts’ expectations of $832.47 million. American Water Works had a return on equity of 9.62% and a net margin of 15.14%. American Water Works’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the business earned $0.68 earnings per share. On average, analysts predict that American Water Works will post $2.83 EPS for the current fiscal year.

In other American Water Works news, SVP Mark F. Strauss sold 15,467 shares of the business’s stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $76.08, for a total transaction of $1,176,729.36. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Walter Lynch sold 6,514 shares of the business’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $76.43, for a total value of $497,865.02. Following the transaction, the chief operating officer now directly owns 91,389 shares in the company, valued at approximately $6,984,861.27. The disclosure for this sale can be found here. Company insiders own 0.32% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in American Water Works by 5.0% in the first quarter. JPMorgan Chase & Co. now owns 1,098,580 shares of the company’s stock worth $75,724,000 after buying an additional 52,242 shares during the period. NN Investment Partners Holdings N.V. bought a new position in American Water Works during the first quarter worth $1,540,000. Menta Capital LLC bought a new position in American Water Works during the first quarter worth $283,000. M&T Bank Corp raised its position in American Water Works by 34.7% in the first quarter. M&T Bank Corp now owns 13,837 shares of the company’s stock worth $953,000 after buying an additional 3,568 shares during the period. Finally, ING Groep NV bought a new position in American Water Works during the first quarter worth $281,000. 82.62% of the stock is currently owned by institutional investors.

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