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 report issued to clients and investors on Friday. The analysts noted that the move was a valuation call.

Several other research analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of American Water Works from a “sell” rating to a “hold” rating in a research report on Thursday, September 14th. BidaskClub upgraded shares of American Water Works from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Wells Fargo & Company set a $89.00 target price on shares of American Water Works and gave the stock a “hold” rating in a research report on Thursday, October 19th. Boenning Scattergood reiterated a “hold” rating on shares of American Water Works in a research report on Friday, September 22nd. Finally, Robert W. Baird reiterated a “hold” rating and issued a $82.00 target price on shares of American Water Works in a research report on Sunday, October 1st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. American Water Works currently has a consensus rating of “Hold” and an average target price of $85.01.

American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $1.08 earnings per share for the quarter, hitting the consensus estimate of $1.08. American Water Works had a net margin of 15.82% and a return on equity of 9.79%. The firm had revenue of $936.00 million for the quarter, compared to analysts’ expectations of $992.58 million. During the same quarter in the prior year, the firm posted $1.05 earnings per share. The business’s quarterly revenue was up .6% on a year-over-year basis.

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In other American Water Works news, COO Walter Lynch sold 3,335 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $82.05, for a total transaction of $273,636.75. Following the completion of the sale, the chief operating officer now directly owns 94,702 shares in the company, valued at $7,770,299.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.34% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cornerstone Advisors Inc. boosted its position in American Water Works by 349.5% during the second quarter. Cornerstone Advisors Inc. now owns 1,344 shares of the utilities provider’s stock valued at $105,000 after buying an additional 1,045 shares during the period. Pinebridge Investments L.P. purchased a new stake in shares of American Water Works during the second quarter worth about $118,000. Peddock Capital Advisors LLC purchased a new stake in shares of American Water Works during the second quarter worth about $131,000. Aviance Capital Management LLC purchased a new stake in shares of American Water Works during the second quarter worth about $147,000. Finally, Almanack Investment Partners LLC. purchased a new stake in shares of American Water Works during the second quarter worth about $154,000. Institutional investors and hedge funds own 79.82% of the company’s stock.

American Water Works Company Profile

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.

Analyst Recommendations for American Water Works (NYSE:AWK)

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