FY2017 EPS Estimates for American Water Works (AWK) Boosted by Northcoast Research

American Water Works (NYSE:AWK) – Equities researchers at Northcoast Research boosted their FY2017 earnings estimates for shares of American Water Works in a research report issued on Thursday. Northcoast Research analyst A. Cohen now forecasts that the utilities provider will earn $2.99 per share for the year, up from their prior estimate of $2.98.

AWK has been the topic of several other reports. Zacks Investment Research raised shares of American Water Works from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Wells Fargo & Company set a $89.00 price objective on shares of American Water Works and gave the company a “hold” rating in a research report on Thursday, October 19th. BidaskClub raised shares of American Water Works from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Janney Montgomery Scott cut shares of American Water Works from a “buy” rating to a “neutral” rating in a research report on Friday. They noted that the move was a valuation call. Finally, Boenning Scattergood reissued a “hold” rating on shares of American Water Works in a research report on Thursday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. American Water Works has a consensus rating of “Hold” and an average price target of $85.63.

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Shares of American Water Works (AWK) opened at $88.76 on Monday. The stock has a market cap of $15,832.60, a P/E ratio of 30.61, a price-to-earnings-growth ratio of 3.89 and a beta of 0.25. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.47 and a current ratio of 0.49.

American Water Works (NYSE:AWK) last posted its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $1.08 EPS for the quarter, meeting the consensus estimate of $1.08. The business had revenue of $936.00 million for the quarter, compared to analysts’ expectations of $992.58 million. American Water Works had a net margin of 15.82% and a return on equity of 9.69%. The firm’s revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.05 EPS.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be given a dividend of $0.415 per share. The ex-dividend date is Thursday, November 9th. This represents a $1.66 annualized dividend and a yield of 1.87%. American Water Works’s dividend payout ratio (DPR) is presently 56.27%.

In other American Water Works news, COO Walter Lynch sold 3,335 shares of the business’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $82.05, for a total transaction of $273,636.75. Following the sale, the chief operating officer now directly owns 94,702 shares of the company’s stock, valued at approximately $7,770,299.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.34% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. BNP Paribas Arbitrage SA raised its holdings in shares of American Water Works by 3.4% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 223,129 shares of the utilities provider’s stock valued at $18,053,000 after purchasing an additional 7,403 shares during the period. Global X MANAGEMENT CO LLC raised its holdings in shares of American Water Works by 17.2% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 7,938 shares of the utilities provider’s stock valued at $642,000 after purchasing an additional 1,164 shares during the period. Candriam Luxembourg S.C.A. raised its holdings in shares of American Water Works by 21.5% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 216,446 shares of the utilities provider’s stock valued at $17,513,000 after purchasing an additional 38,299 shares during the period. Bessemer Group Inc. raised its holdings in shares of American Water Works by 0.6% in the 3rd quarter. Bessemer Group Inc. now owns 1,946,771 shares of the utilities provider’s stock valued at $157,514,000 after purchasing an additional 11,197 shares during the period. Finally, Swiss National Bank raised its holdings in shares of American Water Works by 1.0% in the 3rd quarter. Swiss National Bank now owns 708,822 shares of the utilities provider’s stock valued at $57,351,000 after purchasing an additional 6,900 shares during the period. 79.82% of the stock is currently owned by 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.

Earnings History and Estimates for American Water Works (NYSE:AWK)

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