American Water Works (NYSE:AWK)’s share price traded up 1.4% during trading on Wednesday . The company traded as high as $77.04 and last traded at $76.62, with a volume of 1,050,405 shares trading hands. The stock had previously closed at $75.53.

A number of equities analysts recently commented on the company. Bank of America Corp. lowered American Water Works from a “buy” rating to a “neutral” rating and increased their price target for the company from $71.92 to $88.00 in a research note on Wednesday, July 6th. They noted that the move was a valuation call. Zacks Investment Research raised American Water Works from a “sell” rating to a “hold” rating and set a $93.00 price target for the company in a research note on Friday, July 8th. Vetr raised American Water Works from a “buy” rating to a “strong-buy” rating and set a $90.33 price target for the company in a research note on Thursday, August 4th. Argus initiated coverage on American Water Works in a research note on Friday, June 24th. They issued a “buy” rating and a $88.00 price objective for the company. Finally, Boenning Scattergood lowered American Water Works from an “outperform” rating to a “neutral” rating in a research note on Monday, June 6th. Eight investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $78.04.

The firm has a market cap of $13.69 billion and a PE ratio of 28.07. The firm has a 50 day moving average of $81.08 and a 200 day moving average of $73.66.

American Water Works (NYSE:AWK) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.04. The business earned $827 million during the quarter, compared to analysts’ expectations of $832.47 million. During the same quarter in the prior year, the firm earned $0.68 EPS. American Water Works’s revenue for the quarter was up 5.8% on a year-over-year basis. Analysts anticipate that American Water Works will post $2.83 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Monday, August 8th will be paid a dividend of $0.375 per share. The ex-dividend date is Thursday, August 4th. This represents a $1.50 annualized dividend and a yield of 1.95%.

A number of large investors have recently bought and sold shares of AWK. Bank of Montreal Can raised its stake in American Water Works by 9.4% in the fourth quarter. Bank of Montreal Can now owns 223,744 shares of the company’s stock valued at $13,368,000 after buying an additional 19,162 shares during the period. Venturi Wealth Management LLC purchased a new stake in American Water Works during the fourth quarter valued at approximately $2,335,000. Calvert Investment Management Inc. raised its stake in American Water Works by 57.9% in the fourth quarter. Calvert Investment Management Inc. now owns 38,222 shares of the company’s stock valued at $2,284,000 after buying an additional 14,014 shares during the period. Utah Retirement Systems raised its stake in American Water Works by 0.6% in the fourth quarter. Utah Retirement Systems now owns 32,295 shares of the company’s stock valued at $1,929,000 after buying an additional 200 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its stake in 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 valued at $1,383,000 after buying an additional 1,980 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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