American Water Works Company Inc (AWK) Stock Rating Lowered by Vetr Inc.

American Water Works Company Inc (NYSE:AWK) was downgraded by equities research analysts at Vetr from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday. They currently have a $77.79 target price on the stock. Vetr‘s price objective would indicate a potential upside of 2.45% from the stock’s current price.

AWK has been the subject of a number of other reports. Zacks Investment Research cut American Water Works Company from a “buy” rating to a “hold” rating in a research report on Wednesday, March 15th. HSBC Holdings plc cut American Water Works Company from a “buy” rating to a “hold” rating and set a $79.00 price objective for the company. in a research report on Wednesday, March 15th. Janney Montgomery Scott upgraded American Water Works Company from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $73.31 to $80.00 in a research report on Tuesday, December 20th. Robert W. Baird set a $82.00 price objective on American Water Works Company and gave the company a “buy” rating in a research report on Sunday, December 18th. Finally, Macquarie began coverage on American Water Works Company in a research report on Wednesday, January 18th. They issued a “neutral” rating for the company. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. American Water Works Company currently has an average rating of “Buy” and a consensus price target of $82.09.

Analyst Recommendations for American Water Works Company (NYSE:AWK)

Shares of American Water Works Company (NYSE:AWK) opened at 75.93 on Tuesday. The company has a 50-day moving average price of $74.72 and a 200-day moving average price of $73.33. The company has a market capitalization of $13.53 billion, a P/E ratio of 28.98 and a beta of 0.19. American Water Works Company has a 12 month low of $67.02 and a 12 month high of $85.24.

American Water Works Company (NYSE:AWK) last announced its quarterly earnings results on Tuesday, February 21st. The company reported $0.57 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.57. American Water Works Company had a return on equity of 9.85% and a net margin of 14.19%. The company earned $802 million during the quarter, compared to the consensus estimate of $820.46 million. During the same period in the previous year, the company posted $0.55 earnings per share. American Water Works Company’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, analysts forecast that American Water Works Company will post $3.05 EPS for the current fiscal year.

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In other news, SVP Mark F. Strauss sold 13,011 shares of the business’s stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of $77.57, for a total value of $1,009,263.27. Following the completion of the sale, the senior vice president now directly owns 48,135 shares in the company, valued at $3,733,831.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.32% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the company. Cognios Capital LLC boosted its stake in shares of American Water Works Company by 0.3% in the third quarter. Cognios Capital LLC now owns 3,661 shares of the company’s stock valued at $274,000 after buying an additional 11 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of American Water Works Company by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,204 shares of the company’s stock valued at $738,000 after buying an additional 43 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in shares of American Water Works Company by 1.4% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 4,531 shares of the company’s stock valued at $339,000 after buying an additional 64 shares during the last quarter. Gateway Investment Advisers LLC boosted its stake in shares of American Water Works Company by 0.7% in the third quarter. Gateway Investment Advisers LLC now owns 16,389 shares of the company’s stock valued at $1,227,000 after buying an additional 111 shares during the last quarter. Finally, Johnson Investment Counsel Inc. boosted its stake in shares of American Water Works Company by 2.0% in the third quarter. Johnson Investment Counsel Inc. now owns 6,132 shares of the company’s stock valued at $458,000 after buying an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 81.00% of the company’s stock.

American Water Works Company 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.

5 Day Chart for NYSE:AWK

To view Vetr’s full report, visit Vetr’s official website.

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