American Water Works (NYSE:AWK) traded down 1.1% during mid-day trading on Monday . The stock traded as low as $76.84 and last traded at $76.91, with a volume of 642,925 shares changing hands. The stock had previously closed at $77.76.

Several brokerages recently weighed in on AWK. Bank of America Corp. cut shares of American Water Works from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $71.92 to $88.00 in a research report on Wednesday, July 6th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of American Water Works from a “sell” rating to a “hold” rating and set a $93.00 price target on the stock in a research report on Friday, July 8th. Barclays PLC lifted their price objective on shares of American Water Works from $75.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, May 6th. Argus assumed coverage on shares of American Water Works in a research note on Friday, June 24th. They set a “buy” rating and a $88.00 price objective for the company. Finally, Vetr raised shares of American Water Works from a “buy” rating to a “strong-buy” rating and set a $90.33 price objective for the company in a research note on Thursday, August 4th. Eight equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $78.04.

The company has a market cap of $13.62 billion and a PE ratio of 27.91. The stock’s 50-day moving average is $81.40 and its 200-day moving average is $73.56.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.04. During the same period in the previous year, the business posted $0.68 earnings per share. The business had revenue of $827 million for the quarter, compared to analyst estimates of $832.47 million. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. Analysts forecast that American Water Works will post $2.83 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Monday, August 8th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Thursday, August 4th.

A number of institutional investors have recently made changes to their positions in AWK. Utah Retirement Systems boosted its position in shares of American Water Works by 0.6% in the fourth quarter. Utah Retirement Systems now owns 32,295 shares of the company’s stock worth $1,929,000 after buying an additional 200 shares during the period. Victory Capital Management Inc. boosted its position 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 period. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its position 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 period. Calvert Investment Management Inc. boosted its position in shares of American Water Works by 57.9% in the fourth quarter. Calvert Investment Management Inc. now owns 38,222 shares of the company’s stock worth $2,284,000 after buying an additional 14,014 shares during the period. Finally, Bank of Montreal Can boosted its position in shares of American Water Works by 9.4% in the fourth quarter. Bank of Montreal Can now owns 223,744 shares of the company’s stock worth $13,368,000 after buying an additional 19,162 shares during the period.

American Water Works Company, Inc is a holding company. The Company is a water and wastewater utility company. The Company operates through two segments: the Regulated Businesses and the Market-Based Businesses. Its Regulated Businesses segment involves the ownership of subsidiaries that provide water and wastewater utility services to residential, commercial, industrial and other customers, including sale for resale and public authority customers.

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