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

American Water Works (NYSE:AWKGet Rating) had its target price upped by UBS Group from $149.00 to $159.00 in a research note published on Tuesday morning, Marketbeat.com reports. The firm currently has a neutral rating on the utilities provider’s stock.

A number of other equities analysts have also weighed in on AWK. Janney Montgomery Scott upgraded American Water Works from a neutral rating to a buy rating in a research note on Friday, June 24th. Barclays reduced their price target on American Water Works from $172.00 to $157.00 and set an equal weight rating on the stock in a research report on Monday, July 18th. Wells Fargo & Company increased their price target on American Water Works from $139.00 to $152.00 and gave the stock an underweight rating in a research report on Monday, July 18th. Finally, Northcoast Research began coverage on American Water Works in a research report on Monday, July 18th. They set a neutral rating on the stock. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, American Water Works presently has an average rating of Hold and an average target price of $172.63.

American Water Works Price Performance

Shares of NYSE AWK opened at $155.64 on Tuesday. The firm has a market cap of $28.29 billion, a P/E ratio of 21.77, a price-to-earnings-growth ratio of 4.39 and a beta of 0.43. The company has a current ratio of 0.59, a quick ratio of 0.54 and a debt-to-equity ratio of 1.46. American Water Works has a 1-year low of $129.45 and a 1-year high of $189.65. The business’s 50 day moving average is $148.36 and its 200-day moving average is $153.24.

American Water Works (NYSE:AWKGet Rating) last announced its earnings results on Wednesday, July 27th. The utilities provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.05. The company 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%. The firm’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.14 earnings per share. Equities research analysts predict that American Water Works will post 4.45 earnings per share for the current year.

American Water Works Dividend Announcement

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

Insider Buying and Selling at American Water Works

In related news, EVP Melanie M. Kennedy sold 1,029 shares of the firm’s stock in a transaction on Friday, May 20th. The stock was sold at an average price of $145.52, for a total transaction of $149,740.08. Following the sale, the executive vice president now owns 12,054 shares of the company’s stock, valued at approximately $1,754,098.08. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Melanie M. Kennedy sold 693 shares of the firm’s stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $152.10, for a total transaction of $105,405.30. Following the sale, the executive vice president now owns 11,361 shares of the company’s stock, valued at approximately $1,728,008.10. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Melanie M. Kennedy sold 1,029 shares of the firm’s stock in a transaction on Friday, May 20th. The stock was sold at an average price of $145.52, for a total value of $149,740.08. Following 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. Company insiders own 0.09% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AWK. Compagnie Lombard Odier SCmA bought a new stake in American Water Works in the 4th quarter valued at about $25,000. First PREMIER Bank bought a new stake in American Water Works in the 1st quarter valued at about $25,000. Heritage Financial Services LLC bought a new stake in American Water Works in the 2nd quarter valued at about $25,000. Industrial Alliance Investment Management Inc. bought a new stake in American Water Works in the 4th quarter valued at about $31,000. Finally, Quent Capital LLC bought a new stake in American Water Works in the 4th quarter valued at about $32,000. 82.77% of the stock is owned by institutional investors.

About American Water Works

(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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