American Water Works (NYSE:AWK) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of American Water Works (NYSE:AWK - Free Report) from a hold rating to a sell rating in a report published on Wednesday.

Several other research analysts have also commented on the company. Wells Fargo & Company lifted their target price on American Water Works from $133.00 to $142.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 13th. UBS Group upgraded American Water Works from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $151.00 to $155.00 in a research report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. decreased their target price on American Water Works from $147.00 to $128.00 and set a "neutral" rating for the company in a research report on Tuesday, January 28th. Three analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, American Water Works has a consensus rating of "Hold" and an average target price of $141.86.

American Water Works Trading Down 0.6 %

NYSE:AWK traded down $0.91 during mid-day trading on Wednesday, reaching $140.90. The company's stock had a trading volume of 2,605,712 shares, compared to its average volume of 1,144,972. American Water Works has a twelve month low of $113.34 and a twelve month high of $152.07. The company's fifty day simple moving average is $131.33 and its two-hundred day simple moving average is $134.44. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.39 and a quick ratio of 0.35. The stock has a market cap of $27.47 billion, a P/E ratio of 26.14, a P/E/G ratio of 2.80 and a beta of 0.69.

Remove Ads

American Water Works (NYSE:AWK - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.22 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.09. American Water Works had a return on equity of 10.29% and a net margin of 22.44%. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.11 billion. On average, equities analysts predict that American Water Works will post 5.71 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Crews Bank & Trust acquired a new position in American Water Works during the 4th quarter valued at approximately $26,000. Providence First Trust Co acquired a new position in American Water Works during the 4th quarter valued at approximately $27,000. Whipplewood Advisors LLC bought a new stake in American Water Works during the 4th quarter valued at $28,000. Capital A Wealth Management LLC acquired a new position in American Water Works during the 4th quarter worth $33,000. Finally, EverSource Wealth Advisors LLC boosted its position in American Water Works by 54.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 293 shares of the utilities provider's stock worth $36,000 after acquiring an additional 103 shares during the period. Institutional investors and hedge funds own 86.58% of the company's stock.

About American Water Works

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 3.5 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.