Brokerages Set American Water Works Company Inc (AWK) Price Target at $89.57

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American Water Works Company Inc (NYSE:AWK) has been given an average rating of “Buy” by the twelve ratings firms that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $89.57.

Several analysts have issued reports on the company. Zacks Investment Research raised American Water Works from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a research report on Monday, July 23rd. Evercore ISI assumed coverage on American Water Works in a research report on Monday, September 17th. They set an “outperform” rating and a $96.00 target price on the stock. Finally, ValuEngine raised American Water Works from a “hold” rating to a “buy” rating in a research report on Monday, September 17th.

In other news, SVP Loyd A. Warnock sold 10,520 shares of the stock in a transaction on Friday, August 31st. The stock was sold at an average price of $87.86, for a total transaction of $924,287.20. Following the completion of the sale, the senior vice president now owns 12,322 shares in the company, valued at approximately $1,082,610.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Melanie M. Kennedy sold 1,114 shares of the stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $88.78, for a total value of $98,900.92. The disclosure for this sale can be found here. Insiders have sold a total of 21,634 shares of company stock worth $1,918,888 in the last ninety days. Insiders own 0.35% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of American Water Works by 3.1% during the 3rd quarter. BlackRock Inc. now owns 14,023,195 shares of the utilities provider’s stock valued at $1,233,619,000 after purchasing an additional 417,354 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of American Water Works by 3.7% during the 3rd quarter. Wells Fargo & Company MN now owns 3,799,156 shares of the utilities provider’s stock valued at $334,212,000 after purchasing an additional 135,184 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of American Water Works by 1.7% during the 2nd quarter. Northern Trust Corp now owns 3,584,418 shares of the utilities provider’s stock valued at $306,037,000 after purchasing an additional 60,070 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of American Water Works by 35.7% during the 2nd quarter. Bessemer Group Inc. now owns 3,037,757 shares of the utilities provider’s stock valued at $259,363,000 after purchasing an additional 798,684 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of American Water Works by 4.3% during the 2nd quarter. Legal & General Group Plc now owns 1,796,598 shares of the utilities provider’s stock valued at $153,393,000 after purchasing an additional 74,613 shares during the last quarter. Hedge funds and other institutional investors own 83.51% of the company’s stock.

NYSE:AWK traded up $0.72 during midday trading on Monday, hitting $89.61. The stock had a trading volume of 704,375 shares, compared to its average volume of 917,863. American Water Works has a one year low of $76.04 and a one year high of $92.79. The stock has a market cap of $16.27 billion, a P/E ratio of 29.57, a price-to-earnings-growth ratio of 3.50 and a beta of 0.10. The company has a quick ratio of 0.43, a current ratio of 0.46 and a debt-to-equity ratio of 1.29.

American Water Works (NYSE:AWK) last announced its quarterly earnings data on Wednesday, October 31st. The utilities provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $976.00 million for the quarter, compared to analysts’ expectations of $946.35 million. During the same quarter in the prior year, the firm earned $1.08 earnings per share. American Water Works’s revenue was up 4.3% compared to the same quarter last year. On average, sell-side analysts anticipate that American Water Works will post 3.3 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 4th. Shareholders of record on Monday, November 12th will be given a dividend of $0.455 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $1.82 annualized dividend and a yield of 2.03%. American Water Works’s dividend payout ratio (DPR) is presently 60.07%.

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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Analyst Recommendations for American Water Works (NYSE:AWK)

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