Boenning Scattergood restated their hold rating on shares of American Water Works (NYSE:AWK) in a research note issued to investors on Friday morning.

A number of other brokerages also recently weighed in on AWK. BidaskClub downgraded American Water Works from a buy rating to a hold rating in a report on Thursday, August 3rd. Zacks Investment Research upgraded American Water Works from a sell rating to a hold rating in a report on Wednesday, May 31st. Northcoast Research initiated coverage on American Water Works in a report on Thursday, May 25th. They issued a neutral rating on the stock. Finally, Vetr downgraded American Water Works from a buy rating to a hold rating and set a $84.04 target price on the stock. in a report on Wednesday, June 14th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $82.86.

American Water Works (NYSE:AWK) traded up 0.29% during midday trading on Friday, hitting $82.03. 991,006 shares of the company traded hands. The stock has a 50 day moving average price of $81.58 and a 200-day moving average price of $79.19. American Water Works has a 12-month low of $69.41 and a 12-month high of $83.06. The company has a market cap of $14.62 billion, a PE ratio of 30.97 and a beta of 0.25.

American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.07). The business had revenue of $844.00 million during the quarter, compared to analyst estimates of $869.52 million. American Water Works had a net margin of 14.20% and a return on equity of 9.70%. American Water Works’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 EPS. Analysts expect that American Water Works will post $3.00 EPS for the current year.

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The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Wednesday, August 9th were issued a $0.415 dividend. The ex-dividend date of this dividend was Monday, August 7th. This represents a $1.66 dividend on an annualized basis and a yield of 2.02%. American Water Works’s dividend payout ratio is currently 62.64%.

In related news, COO Walter Lynch sold 3,335 shares of the stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $82.05, for a total value of $273,636.75. Following the transaction, the chief operating officer now owns 94,702 shares in the company, valued at $7,770,299.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.34% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Focused Wealth Management Inc boosted its position in American Water Works by 0.3% during the first quarter. Focused Wealth Management Inc now owns 4,367 shares of the utilities provider’s stock worth $340,000 after purchasing an additional 13 shares during the period. Flagship Harbor Advisors LLC boosted its position in American Water Works by 0.3% during the first quarter. Flagship Harbor Advisors LLC now owns 3,757 shares of the utilities provider’s stock worth $293,000 after purchasing an additional 13 shares during the period. Day & Ennis LLC boosted its position in American Water Works by 0.4% during the first quarter. Day & Ennis LLC now owns 3,329 shares of the utilities provider’s stock worth $259,000 after purchasing an additional 14 shares during the period. Clifford Swan Investment Counsel LLC boosted its position in American Water Works by 0.5% during the first quarter. Clifford Swan Investment Counsel LLC now owns 9,183 shares of the utilities provider’s stock worth $714,000 after purchasing an additional 43 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its position in American Water Works by 0.5% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 9,253 shares of the utilities provider’s stock worth $720,000 after purchasing an additional 50 shares during the period. 79.77% of the stock is owned by hedge funds and other institutional investors.

About American Water Works

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.

Analyst Recommendations for American Water Works (NYSE:AWK)

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