American Water Works Company Inc (AWK) Given Average Recommendation of “Hold” by Analysts
American Water Works Company Inc (NYSE:AWK) has been assigned an average rating of “Hold” from the twelve research firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $89.17.
A number of analysts have recently weighed in on AWK shares. Argus upped their price target on shares of American Water Works from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, December 29th. Zacks Investment Research upgraded shares of American Water Works from a “hold” rating to a “buy” rating and set a $101.00 target price on the stock in a report on Tuesday, December 19th. Bank of America began coverage on shares of American Water Works in a report on Tuesday, October 24th. They issued a “buy” rating and a $95.00 target price on the stock. Boenning Scattergood reiterated a “hold” rating on shares of American Water Works in a report on Thursday, November 2nd. Finally, Wells Fargo & Co set a $89.00 target price on shares of American Water Works and gave the stock a “hold” rating in a report on Thursday, October 19th.
In related news, insider Deborah A. Degillio sold 822 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were 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 approximately $328,395.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael A. Sgro sold 841 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $90.03, for a total transaction of $75,715.23. The disclosure for this sale can be found here. Insiders sold a total of 6,856 shares of company stock worth $616,700 over the last quarter. Insiders own 0.34% of the company’s stock.
Shares of American Water Works (NYSE AWK) traded down $0.62 during trading hours on Friday, hitting $81.22. 1,101,786 shares of the stock were exchanged, compared to its average volume of 1,190,000. The firm has a market cap of $14,490.00, a price-to-earnings ratio of 27.53, a P/E/G ratio of 3.35 and a beta of 0.14. American Water Works has a 12 month low of $71.70 and a 12 month high of $92.37. The company has a current ratio of 0.49, a quick ratio of 0.47 and a debt-to-equity ratio of 1.21.
American Water Works (NYSE:AWK) last issued its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $1.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.08. The company had revenue of $936.00 million during the quarter, compared to analyst estimates of $992.58 million. American Water Works had a net margin of 15.82% and a return on equity of 9.69%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.05 EPS. equities analysts forecast that American Water Works will post 3.02 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, February 7th will be issued a $0.415 dividend. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 2.04%. American Water Works’s payout ratio is currently 56.27%.
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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.
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