American Water Works (NYSE:AWK) shares hit a new 52-week high on Tuesday . The company traded as high as $86.12 and last traded at $85.85, with a volume of 439,589 shares trading hands. The stock had previously closed at $85.21.
A number of brokerages have recently weighed in on AWK. Zacks Investment Research upgraded American Water Works from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. BidaskClub downgraded American Water Works from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Robert W. Baird restated a “hold” rating and issued a $82.00 target price on shares of American Water Works in a research note on Sunday, October 1st. Finally, Boenning Scattergood restated a “hold” rating on shares of American Water Works in a research note on Friday, September 22nd. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $82.86.
The company’s 50-day moving average price is $82.18 and its 200 day moving average price is $79.99. The stock has a market cap of $15.31 billion, a PE ratio of 32.42 and a beta of 0.25.
American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.07). American Water Works had a net margin of 14.20% and a return on equity of 9.70%. The firm had revenue of $844.00 million during the quarter, compared to analyst estimates of $869.52 million. During the same period in the prior year, the business earned $0.77 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. Analysts forecast that American Water Works will post $3.00 EPS for the current fiscal year.
In other American Water Works news, COO Walter Lynch sold 3,335 shares of American Water Works stock in a transaction dated Monday, August 28th. The stock was 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 of the company’s stock, valued at approximately $7,770,299.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.34% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Swiss National Bank grew its holdings in shares of American Water Works by 3.1% in the 2nd quarter. Swiss National Bank now owns 701,922 shares of the utilities provider’s stock valued at $54,715,000 after acquiring an additional 21,000 shares in the last quarter. Scout Investments Inc. grew its holdings in shares of American Water Works by 5.7% in the 2nd quarter. Scout Investments Inc. now owns 520,340 shares of the utilities provider’s stock valued at $40,561,000 after acquiring an additional 28,279 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of American Water Works by 1.3% in the 2nd quarter. Prudential Financial Inc. now owns 257,075 shares of the utilities provider’s stock valued at $20,039,000 after acquiring an additional 3,368 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of American Water Works by 9.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,103,953 shares of the utilities provider’s stock valued at $85,920,000 after acquiring an additional 95,303 shares in the last quarter. Finally, State of Wisconsin Investment Board grew its holdings in shares of American Water Works by 93.3% in the 2nd quarter. State of Wisconsin Investment Board now owns 92,431 shares of the utilities provider’s stock valued at $7,205,000 after acquiring an additional 44,620 shares in the last quarter. 79.63% of the stock is currently owned by hedge funds and other institutional investors.
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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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