UBS Group Boosts American Water Works (NYSE:AWK) Price Target to $159.00

American Water Works (NYSE:AWKGet Rating) had its price target raised by UBS Group from $149.00 to $159.00 in a report released on Tuesday, Marketbeat Ratings reports. UBS Group currently has a neutral rating on the utilities provider’s stock.

Several other analysts have also commented on AWK. Northcoast Research began coverage on American Water Works in a research note on Monday, July 18th. They issued a neutral rating on the stock. Wells Fargo & Company lifted their price objective on American Water Works from $139.00 to $152.00 and gave the company an underweight rating in a research report on Monday, July 18th. Barclays cut their price objective on American Water Works from $172.00 to $157.00 and set an equal weight rating for the company in a research report on Monday, July 18th. Finally, Janney Montgomery Scott upgraded American Water Works from a neutral rating to a buy rating in a research report on Friday, June 24th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $172.63.

American Water Works Price Performance

Shares of AWK stock opened at $155.64 on Tuesday. The stock’s fifty day simple moving average is $148.36 and its 200 day simple moving average is $153.24. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.59 and a quick ratio of 0.54. The firm has a market cap of $28.29 billion, a price-to-earnings ratio of 21.77, a P/E/G ratio of 4.39 and a beta of 0.43. American Water Works has a one year low of $129.45 and a one year high of $189.65.

American Water Works (NYSE:AWKGet Rating) last announced its quarterly earnings results on Wednesday, July 27th. The utilities provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.15 by $0.05. The business had revenue of $937.00 million for the quarter, compared to analyst estimates of $979.52 million. American Water Works had a return on equity of 11.06% and a net margin of 33.99%. American Water Works’s quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.14 EPS. On average, analysts expect that American Water Works will post 4.45 earnings per share for the current fiscal year.

American Water Works Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Tuesday, August 9th will be issued a $0.655 dividend. The ex-dividend date is Monday, August 8th. This represents a $2.62 dividend on an annualized basis and a yield of 1.68%. American Water Works’s dividend payout ratio is presently 36.64%.

Insider Activity at American Water Works

In related news, EVP Melanie M. Kennedy sold 1,029 shares of the company’s stock in a transaction dated Friday, May 20th. The stock was sold at an average price of $145.52, for a total value of $149,740.08. Following the completion of the sale, the executive vice president now owns 12,054 shares in the company, valued at $1,754,098.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other American Water Works news, EVP Melanie M. Kennedy sold 693 shares of the business’s stock in a transaction dated Wednesday, June 1st. The stock was sold at an average price of $152.10, for a total value of $105,405.30. Following the completion of the transaction, the executive vice president now directly owns 11,361 shares of the company’s stock, valued at $1,728,008.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Melanie M. Kennedy sold 1,029 shares of the business’s stock in a transaction dated Friday, May 20th. The shares were sold at an average price of $145.52, for a total value of $149,740.08. Following the completion of the transaction, the executive vice president now directly owns 12,054 shares of the company’s stock, valued at $1,754,098.08. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AWK. Commonwealth Equity Services LLC grew its stake in American Water Works by 0.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 89,060 shares of the utilities provider’s stock valued at $16,820,000 after acquiring an additional 286 shares during the period. Illinois Municipal Retirement Fund grew its stake in American Water Works by 51.1% in the fourth quarter. Illinois Municipal Retirement Fund now owns 6,186 shares of the utilities provider’s stock valued at $1,168,000 after acquiring an additional 2,092 shares during the period. Dupont Capital Management Corp acquired a new position in shares of American Water Works during the fourth quarter worth about $196,000. CWM LLC acquired a new position in shares of American Water Works during the fourth quarter worth about $838,000. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of American Water Works by 10.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 324,511 shares of the utilities provider’s stock worth $61,287,000 after buying an additional 29,994 shares during the period. 82.77% of the stock is owned by institutional investors and hedge funds.

American Water Works Company Profile

(Get Rating)

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, including food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities, such as schools and universities; and other utilities and community water and wastewater systems.

Further Reading

Analyst Recommendations for American Water Works (NYSE:AWK)

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