American Water Works (NYSE:AWK) Receives New Coverage from Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. started coverage on shares of American Water Works (NYSE:AWK) in a research note released on Friday morning, Briefing.com Automated Import reports. The brokerage issued a neutral rating and a $127.00 target price on the utilities provider’s stock.

Other equities research analysts also recently issued research reports about the stock. ValuEngine downgraded shares of American Water Works from a buy rating to a hold rating in a research note on Wednesday, October 2nd. Janney Montgomery Scott boosted their target price on shares of American Water Works from $121.00 to $153.00 and gave the company a buy rating in a research note on Monday, October 7th. Robert W. Baird boosted their target price on shares of American Water Works from $117.00 to $128.00 and gave the company an outperform rating in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Co boosted their target price on shares of American Water Works from $122.00 to $128.00 and gave the company a market perform rating in a research note on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $129.17.

American Water Works stock traded up $0.44 on Friday, hitting $118.68. The company’s stock had a trading volume of 561,606 shares, compared to its average volume of 976,656. The firm has a market cap of $21.30 billion, a P/E ratio of 35.96, a price-to-earnings-growth ratio of 4.05 and a beta of 0.06. The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 1.40. The company has a fifty day moving average price of $121.47 and a 200-day moving average price of $118.60. American Water Works has a one year low of $85.89 and a one year high of $129.89.

American Water Works (NYSE:AWK) last announced its quarterly earnings results on Wednesday, October 30th. The utilities provider reported $1.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.03. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates 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 for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.20 EPS. Analysts anticipate that American Water Works will post 3.6 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Tuesday, November 12th will be paid a $0.50 dividend. The ex-dividend date is Friday, November 8th. This represents a $2.00 annualized dividend and a dividend yield of 1.69%. American Water Works’s dividend payout ratio is presently 60.61%.

In related news, COO Walter Lynch sold 6,908 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $126.91, for a total transaction of $876,694.28. Following the transaction, the chief operating officer now owns 113,574 shares in the company, valued at approximately $14,413,676.34. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director George Mackenzie sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $129.18, for a total transaction of $1,291,800.00. Following the transaction, the director now owns 25,338 shares in the company, valued at approximately $3,273,162.84. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. ETF Managers Group LLC lifted its position in American Water Works by 4.8% during the 2nd quarter. ETF Managers Group LLC now owns 1,846 shares of the utilities provider’s stock valued at $213,000 after purchasing an additional 85 shares during the period. World Asset Management Inc lifted its position in American Water Works by 0.8% during the 3rd quarter. World Asset Management Inc now owns 11,350 shares of the utilities provider’s stock valued at $1,410,000 after purchasing an additional 89 shares during the period. Kings Point Capital Management lifted its position in American Water Works by 17.6% during the 2nd quarter. Kings Point Capital Management now owns 643 shares of the utilities provider’s stock valued at $75,000 after purchasing an additional 96 shares during the period. JNBA Financial Advisors lifted its position in American Water Works by 28.6% during the 2nd quarter. JNBA Financial Advisors now owns 450 shares of the utilities provider’s stock valued at $52,000 after purchasing an additional 100 shares during the period. Finally, Pinnacle Associates Ltd. lifted its position in American Water Works by 3.9% during the 2nd quarter. Pinnacle Associates Ltd. now owns 2,655 shares of the utilities provider’s stock valued at $308,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 84.78% of the company’s stock.

About American Water Works

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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Analyst Recommendations for American Water Works (NYSE:AWK)

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