Vetr lowered shares of American Water Works Company Inc (NYSE:AWK) from a buy rating to a hold rating in a report published on Tuesday. The brokerage currently has $77.79 price objective on the utilities provider’s stock.

A number of other equities analysts have also weighed in on AWK. Robert W. Baird set a $82.00 target price on shares of American Water Works Company and gave the stock a buy rating in a research note on Sunday, December 18th. Macquarie assumed coverage on shares of American Water Works Company in a research note on Wednesday, January 18th. They set a neutral rating on the stock. Zacks Investment Research raised shares of American Water Works Company from a hold rating to a buy rating and set a $83.00 target price on the stock in a research note on Monday, November 28th. Janney Montgomery Scott raised shares of American Water Works Company from a neutral rating to a buy rating and lifted their target price for the stock from $73.31 to $80.00 in a research note on Tuesday, December 20th. Finally, HSBC Holdings plc downgraded shares of American Water Works Company from a buy rating to a hold rating and set a $79.00 target price on the stock. in a research note on Wednesday, March 15th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of Buy and an average price target of $82.09.

Shares of American Water Works Company (NYSE:AWK) opened at 80.51 on Tuesday. The stock has a market capitalization of $14.35 billion, a P/E ratio of 30.73 and a beta of 0.19. The stock has a 50 day moving average price of $77.40 and a 200 day moving average price of $73.85. American Water Works Company has a 52 week low of $69.41 and a 52 week high of $85.24.

American Water Works Company (NYSE:AWK) last announced its earnings results on Tuesday, February 21st. The utilities provider reported $0.57 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.57. American Water Works Company had a net margin of 14.19% and a return on equity of 9.85%. The business had revenue of $802 million for the quarter, compared to analyst estimates of $820.46 million. During the same quarter last year, the business earned $0.55 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. On average, equities research analysts expect that American Water Works Company will post $3.05 EPS for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Friday, May 5th will be issued a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 2.06%. This is a boost from American Water Works Company’s previous quarterly dividend of $0.38. American Water Works Company’s payout ratio is 57.47%.

In other American Water Works Company news, SVP Mark F. Strauss sold 13,011 shares of the business’s stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $77.57, for a total transaction of $1,009,263.27. Following the completion of the transaction, the senior vice president now owns 48,135 shares in the company, valued at approximately $3,733,831.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.32% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Fund Advisors increased its stake in shares of American Water Works Company by 3.0% in the third quarter. BlackRock Fund Advisors now owns 3,899,896 shares of the utilities provider’s stock valued at $291,868,000 after buying an additional 114,488 shares during the period. Northern Trust Corp increased its stake in shares of American Water Works Company by 0.5% in the third quarter. Northern Trust Corp now owns 3,527,858 shares of the utilities provider’s stock valued at $264,025,000 after buying an additional 17,288 shares during the period. Norges Bank bought a new stake in shares of American Water Works Company during the fourth quarter valued at approximately $219,984,000. Janus Capital Management LLC increased its stake in shares of American Water Works Company by 2.5% in the fourth quarter. Janus Capital Management LLC now owns 2,853,779 shares of the utilities provider’s stock valued at $206,499,000 after buying an additional 69,163 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of American Water Works Company by 30.2% in the third quarter. Wells Fargo & Company MN now owns 1,961,849 shares of the utilities provider’s stock valued at $146,824,000 after buying an additional 455,011 shares during the period. Institutional investors and hedge funds own 81.00% of the company’s stock.

About American Water Works Company

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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