American Water Works (NYSE:AWK) was down 1.1% during mid-day trading on Monday . The stock traded as low as $82.36 and last traded at $82.47, with a volume of 1,119,090 shares. The stock had previously closed at $83.36.

Several equities research analysts have recently issued reports on AWK shares. US Capital Advisors restated a “hold” rating on shares of American Water Works in a report on Tuesday, April 19th. Barclays PLC raised their price objective on American Water Works from $75.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, May 6th. Zacks Investment Research cut American Water Works from a “buy” rating to a “hold” rating in a report on Tuesday, March 15th. Bank of America Corp. restated a “buy” rating on shares of American Water Works in a report on Tuesday, May 24th. Finally, Argus started coverage on American Water Works in a report on Friday, June 24th. They set a “buy” rating and a $88.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $74.00.

The company’s 50-day moving average is $78.49 and its 200-day moving average is $70.16. The company has a market cap of $14.71 billion and a P/E ratio of 31.10.

American Water Works (NYSE:AWK) last posted its earnings results on Wednesday, May 4th. The company reported $0.46 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.46. During the same quarter in the previous year, the company earned $0.41 EPS. The firm earned $743 million during the quarter, compared to the consensus estimate of $730.15 million. The business’s revenue was up 6.4% compared to the same quarter last year. On average, equities research analysts anticipate that American Water Works will post $2.83 EPS for the current fiscal year.

In other news, COO Walter Lynch sold 10,000 shares of the company’s stock in a transaction on Monday, May 16th. The shares were sold at an average price of $75.20, for a total value of $752,000.00. Following the completion of the sale, the chief operating officer now owns 94,764 shares in the company, valued at approximately $7,126,252.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Deborah A. Degillio sold 1,866 shares of the stock in a transaction dated Tuesday, May 17th. The shares were sold at an average price of $74.30, for a total transaction of $138,643.80. Following the transaction, the vice president now owns 3,145 shares of the company’s stock, valued at approximately $233,673.50. The disclosure for this sale can be found here.

A number of institutional investors recently bought and sold shares of AWK. Rhumbline Advisers raised its position in American Water Works by 1.2% in the fourth quarter. Rhumbline Advisers now owns 131,406 shares of the company’s stock valued at $7,852,000 after buying an additional 1,598 shares during the last quarter. Engineers Gate Manager LP raised its position in American Water Works by 535.0% in the fourth quarter. Engineers Gate Manager LP now owns 76,210 shares of the company’s stock valued at $4,554,000 after buying an additional 64,209 shares during the last quarter. Stevens Capital Management LP raised its position in American Water Works by 17.7% in the fourth quarter. Stevens Capital Management LP now owns 27,528 shares of the company’s stock valued at $1,645,000 after buying an additional 4,149 shares during the last quarter. New York State Common Retirement Fund raised its position in American Water Works by 3.6% in the fourth quarter. New York State Common Retirement Fund now owns 610,390 shares of the company’s stock valued at $36,471,000 after buying an additional 21,487 shares during the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its position in American Water Works by 9.3% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 75,000 shares of the company’s stock valued at $4,481,000 after buying an additional 6,400 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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