Shares of American Water Works (NYSE:AWK) have been assigned a consensus rating of “Hold” from the eleven research firms that are presently covering the firm, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $82.17.

Several brokerages recently issued reports on AWK. BidaskClub cut shares of American Water Works from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Robert W. Baird reiterated a “hold” rating and set a $82.00 price target on shares of American Water Works in a research report on Sunday. Boenning Scattergood reiterated a “hold” rating on shares of American Water Works in a research report on Friday, September 22nd. Zacks Investment Research cut shares of American Water Works from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Vetr cut shares of American Water Works from a “buy” rating to a “hold” rating and set a $84.04 price target on the stock. in a research report on Wednesday, June 14th.

American Water Works (NYSE:AWK) traded up 0.93% during trading on Friday, hitting $82.51. 736,336 shares of the stock were exchanged. American Water Works has a 52 week low of $69.41 and a 52 week high of $83.14. The stock has a market cap of $14.70 billion, a P/E ratio of 31.49 and a beta of 0.25. The stock has a 50 day moving average of $81.73 and a 200-day moving average of $79.61.

American Water Works (NYSE:AWK) last announced its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, missing the 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 company had revenue of $844.00 million for the quarter, compared to analysts’ expectations of $869.52 million. During the same quarter in the prior year, the firm earned $0.77 EPS. American Water Works’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities analysts expect that American Water Works will post $3.00 EPS for the current fiscal year.

In related news, COO Walter Lynch sold 15,169 shares of the business’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $82.00, for a total transaction of $1,243,858.00. Following the sale, the chief operating officer now owns 111,171 shares of the company’s stock, valued at $9,116,022. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.34% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Swiss National Bank boosted its stake in American Water Works by 3.1% during the second quarter. Swiss National Bank now owns 701,922 shares of the utilities provider’s stock worth $54,715,000 after acquiring an additional 21,000 shares in the last quarter. Scout Investments Inc. boosted its stake in American Water Works by 5.7% during the second quarter. Scout Investments Inc. now owns 520,340 shares of the utilities provider’s stock worth $40,561,000 after acquiring an additional 28,279 shares in the last quarter. Prudential Financial Inc. boosted its stake in American Water Works by 1.3% during the second quarter. Prudential Financial Inc. now owns 257,075 shares of the utilities provider’s stock worth $20,039,000 after acquiring an additional 3,368 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in American Water Works by 9.4% during the second quarter. Ameriprise Financial Inc. now owns 1,103,953 shares of the utilities provider’s stock worth $85,920,000 after acquiring an additional 95,303 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in American Water Works by 11.0% during the second quarter. Wells Fargo & Company MN now owns 2,532,449 shares of the utilities provider’s stock worth $197,405,000 after acquiring an additional 251,271 shares in the last quarter. 79.77% of the stock is currently owned by institutional investors and hedge funds.

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About American Water Works

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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