American Water Works (NYSE:AWK) was downgraded by stock analysts at Janney Montgomery Scott from a “buy” rating to a “neutral” rating in a research note issued to investors on Friday, November 3rd, Marketbeat reports. The analysts noted that the move was a valuation call.
A number of other equities analysts also recently weighed in on AWK. BidaskClub downgraded American Water Works from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Boenning Scattergood reiterated a “hold” rating on shares of American Water Works in a research note on Thursday, November 2nd. Robert W. Baird reiterated a “hold” rating and set a $82.00 price objective on shares of American Water Works in a research note on Sunday, October 1st. Zacks Investment Research cut American Water Works from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Bank of America Corporation assumed coverage on American Water Works in a research note on Tuesday, October 24th. They issued a “buy” rating and a $95.00 price target on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. American Water Works presently has a consensus rating of “Hold” and a consensus price target of $85.63.
Shares of American Water Works (NYSE:AWK) traded up $0.08 during trading hours on Friday, reaching $88.66. The company’s stock had a trading volume of 646,638 shares, compared to its average volume of 856,698. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.49 and a quick ratio of 0.47. The company has a market cap of $15,800.00, a PE ratio of 30.48, a P/E/G ratio of 3.88 and a beta of 0.25. American Water Works has a 12-month low of $69.96 and a 12-month high of $91.39.
American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.08. American Water Works had a return on equity of 9.69% and a net margin of 15.82%. The business had revenue of $936.00 million during the quarter, compared to analyst estimates of $992.58 million. During the same period in the previous year, the firm earned $1.05 EPS. American Water Works’s quarterly revenue was up .6% compared to the same quarter last year. sell-side analysts expect that American Water Works will post 3.01 EPS for the current fiscal year.
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In other American Water Works news, insider Deborah A. Degillio sold 822 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $89.75, for a total value of $73,774.50. Following the sale, the insider now directly owns 3,659 shares in the company, valued at $328,395.25. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Walter Lynch sold 3,335 shares of the business’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $82.05, for a total value of $273,636.75. Following the sale, the chief operating officer now owns 94,702 shares in the company, valued at $7,770,299.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,191 shares of company stock valued at $890,337. 0.34% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC bought a new position in American Water Works in the 3rd quarter worth about $383,000. Atlantic Trust LLC boosted its holdings in shares of American Water Works by 835.6% in the 3rd quarter. Atlantic Trust LLC now owns 25,309 shares of the utilities provider’s stock worth $2,048,000 after purchasing an additional 22,604 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of American Water Works by 12.2% in the 3rd quarter. Cetera Investment Advisers now owns 5,730 shares of the utilities provider’s stock worth $463,000 after purchasing an additional 622 shares in the last quarter. IFM Investors Pty Ltd purchased a new position in shares of American Water Works in the 3rd quarter worth about $436,000. Finally, California Public Employees Retirement System boosted its holdings in American Water Works by 7.2% during the 3rd quarter. California Public Employees Retirement System now owns 551,944 shares of the utilities provider’s stock valued at $44,658,000 after acquiring an additional 37,144 shares during the period. Institutional investors and hedge funds own 79.60% of the company’s stock.
About American Water Works
American Water Works Company, Inc is a holding company for regulated and market-based subsidiaries throughout the United States and Ontario, Canada. The Company’s Regulated Businesses segment provides water and wastewater services as public utilities in 16 states in the United States as of December 31, 2016.
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