American Water Works (NYSE:AWK)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $85.24 and last traded at $84.57, with a volume of 630,539 shares traded. The stock had previously closed at $84.10.

A number of brokerages recently issued reports on AWK. Bank of America Corp. cut shares of American Water Works from a “buy” rating to a “neutral” rating and upped their price target for the stock from $71.92 to $88.00 in a research note on Wednesday. They noted that the move was a valuation call. Boenning Scattergood lowered American Water Works from an “outperform” rating to a “neutral” rating in a research report on Monday, June 6th. Argus assumed coverage on American Water Works in a research report on Friday, June 24th. They issued a “buy” rating and a $88.00 target price for the company. Zacks Investment Research lowered American Water Works from a “buy” rating to a “hold” rating in a research report on Tuesday, March 15th. Finally, Barclays PLC boosted their target price on American Water Works from $75.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, May 6th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $74.00.

The firm has a market capitalization of $14.94 billion and a PE ratio of 31.59. The company’s 50 day moving average is $77.62 and its 200-day moving average is $69.55.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, May 4th. The company reported $0.46 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.46. The company had revenue of $743 million for the quarter, compared to the consensus estimate of $730.15 million. American Water Works’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.41 EPS. On average, equities research analysts expect that American Water Works will post $2.83 earnings per share for the current fiscal year.

In related news, VP Deborah A. Degillio sold 1,866 shares of the firm’s stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $74.30, for a total transaction of $138,643.80. Following the sale, the vice president now owns 3,145 shares of the company’s stock, valued at $233,673.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Loyd A. Warnock sold 483 shares of the firm’s stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $74.48, for a total value of $35,973.84. Following the sale, the senior vice president now directly owns 8,403 shares in the company, valued at approximately $625,855.44. The disclosure for this sale can be found here.

A number of large investors recently modified their holdings of AWK. Victory Capital Management Inc. increased its stake in shares of American Water Works by 2.4% in the fourth quarter. Victory Capital Management Inc. now owns 18,267 shares of the company’s stock worth $1,091,000 after buying an additional 422 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake in shares of American Water Works by 9.4% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 23,147 shares of the company’s stock worth $1,383,000 after buying an additional 1,980 shares during the last quarter. Stevens Capital Management LP increased its stake in shares of American Water Works by 17.7% in the fourth quarter. Stevens Capital Management LP now owns 27,528 shares of the company’s stock worth $1,645,000 after buying an additional 4,149 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of American Water Works by 37.3% in the fourth quarter. Principal Financial Group Inc. now owns 35,703 shares of the company’s stock worth $2,133,000 after buying an additional 9,705 shares during the last quarter. Finally, Private Advisor Group LLC increased its stake in shares of American Water Works by 113.9% in the fourth quarter. Private Advisor Group LLC now owns 43,052 shares of the company’s stock worth $2,572,000 after buying an additional 22,923 shares during the last quarter.

American Water Works Company, Inc is a water and wastewater utility holding company. Through its subsidiaries, the Company provides drinking water, wastewater and other water related services to approximately 15 million people in approximately 47 states of the United States and one Canadian province.

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