American Water Works Company, Inc. (NYSE:AWK) Receives $140.60 Average PT from Analysts

Shares of American Water Works Company, Inc. (NYSE:AWKGet Free Report) have been given an average recommendation of “Hold” by the eleven research firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $140.60.

Several analysts recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of American Water Works in a research report on Wednesday, June 24th. JPMorgan Chase & Co. boosted their price objective on shares of American Water Works from $138.00 to $147.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Wells Fargo & Company set a $131.00 target price on American Water Works in a research note on Tuesday, April 21st. UBS Group raised their target price on American Water Works from $140.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Finally, Bank of America reaffirmed a “neutral” rating on shares of American Water Works in a report on Thursday, July 16th.

Check Out Our Latest Stock Report on AWK

Institutional Trading of American Water Works

Several large investors have recently bought and sold shares of AWK. Aberdeen Group plc grew its holdings in American Water Works by 10.7% during the 4th quarter. Aberdeen Group plc now owns 489,371 shares of the utilities provider’s stock worth $63,863,000 after acquiring an additional 47,352 shares during the period. TSP Capital Management Group LLC bought a new position in shares of American Water Works in the 4th quarter worth about $1,559,000. Louisiana State Employees Retirement System acquired a new position in shares of American Water Works in the 1st quarter valued at about $1,347,000. Cbre Investment Management Listed Real Assets LLC lifted its stake in shares of American Water Works by 82.7% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 21,430 shares of the utilities provider’s stock valued at $2,797,000 after purchasing an additional 9,698 shares during the period. Finally, Country Trust Bank boosted its position in shares of American Water Works by 6.8% during the 4th quarter. Country Trust Bank now owns 178,599 shares of the utilities provider’s stock valued at $23,307,000 after purchasing an additional 11,401 shares in the last quarter. 86.58% of the stock is owned by institutional investors and hedge funds.

American Water Works Trading Up 2.5%

AWK opened at $137.94 on Friday. The stock has a market capitalization of $26.94 billion, a price-to-earnings ratio of 24.46, a P/E/G ratio of 2.72 and a beta of 0.61. The company has a quick ratio of 0.34, a current ratio of 0.37 and a debt-to-equity ratio of 1.16. American Water Works has a twelve month low of $120.57 and a twelve month high of $147.87. The company has a 50-day simple moving average of $128.78 and a 200 day simple moving average of $130.89.

American Water Works (NYSE:AWKGet Free Report) last released its earnings results on Wednesday, April 29th. The utilities provider reported $1.01 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.09). The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.17 billion. American Water Works had a net margin of 21.17% and a return on equity of 10.20%. American Water Works’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.05 earnings per share. Analysts predict that American Water Works will post 6.09 EPS for the current fiscal year.

About American Water Works

(Get Free Report)

American Water Works Company, Inc (NYSE: AWK) is a publicly traded utility company that provides water and wastewater services in the United States. Its core business is the operation, management and maintenance of regulated water and wastewater systems that deliver potable water, collect and treat wastewater, and provide related customer services to residential, commercial and industrial customers as well as municipalities. The company’s operations include water treatment and distribution, wastewater collection and treatment, meter reading and billing, emergency repairs, and long-term infrastructure planning and capital project execution.

In addition to its regulated utility operations, American Water offers complementary nonregulated services and solutions that support system reliability and customer needs.

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Analyst Recommendations for American Water Works (NYSE:AWK)

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