Shares of American Water Works Company Inc (NYSE:AWK) have been given a consensus rating of “Hold” by the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $129.40.
A number of analysts recently commented on AWK shares. Wells Fargo & Co restated a “hold” rating on shares of American Water Works in a research note on Friday. Robert W. Baird increased their target price on shares of American Water Works from $117.00 to $128.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. ValuEngine lowered shares of American Water Works from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. assumed coverage on shares of American Water Works in a report on Friday, November 15th. They set a “neutral” rating and a $127.00 target price on the stock. Finally, Janney Montgomery Scott increased their price target on shares of American Water Works from $121.00 to $153.00 and gave the company a “buy” rating in a research report on Monday, October 7th.
Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in American Water Works by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 21,855,515 shares of the utilities provider’s stock valued at $2,535,240,000 after purchasing an additional 174,708 shares in the last quarter. BlackRock Inc. grew its stake in shares of American Water Works by 5.7% in the second quarter. BlackRock Inc. now owns 15,396,801 shares of the utilities provider’s stock worth $1,786,029,000 after acquiring an additional 827,507 shares during the period. State Street Corp grew its stake in shares of American Water Works by 3.0% in the third quarter. State Street Corp now owns 9,374,832 shares of the utilities provider’s stock worth $1,164,635,000 after acquiring an additional 271,977 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of American Water Works by 17.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 8,771,839 shares of the utilities provider’s stock worth $1,017,533,000 after acquiring an additional 1,293,688 shares during the period. Finally, Pictet Asset Management Ltd. grew its stake in shares of American Water Works by 4.5% in the third quarter. Pictet Asset Management Ltd. now owns 4,584,664 shares of the utilities provider’s stock worth $569,553,000 after acquiring an additional 196,138 shares during the period. 84.04% of the stock is owned by institutional investors and hedge funds.
American Water Works (NYSE:AWK) last posted its quarterly earnings results on Wednesday, October 30th. The utilities provider reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.03. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.01 billion. American Water Works had a net margin of 17.85% and a return on equity of 10.77%. The business’s revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.20 earnings per share. On average, equities analysts forecast that American Water Works will post 3.61 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 4th. Shareholders of record on Friday, February 7th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $2.00 annualized dividend and a yield of 1.62%. American Water Works’s payout ratio is currently 60.61%.
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 serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, such as food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities; and other utilities and community water and wastewater systems.
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