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.
About American Water Works