Investors Buy American Water Works (AWK) on Weakness

Investors purchased shares of American Water Works Company Inc (NYSE:AWK) on weakness during trading on Wednesday. $50.48 million flowed into the stock on the tick-up and $25.50 million flowed out of the stock on the tick-down, for a money net flow of $24.98 million into the stock. Of all stocks tracked, American Water Works had the 28th highest net in-flow for the day. American Water Works traded down ($0.04) for the day and closed at $98.66

AWK has been the topic of several recent analyst reports. Zacks Investment Research reaffirmed a “buy” rating and set a $104.00 price objective on shares of American Water Works in a report on Monday, December 31st. Wells Fargo & Co reaffirmed a “buy” rating on shares of American Water Works in a report on Wednesday, January 2nd. Robert W. Baird increased their price objective on shares of American Water Works from $103.00 to $104.00 and gave the company an “outperform” rating in a report on Wednesday, December 12th. Finally, Janney Montgomery Scott increased their price objective on shares of American Water Works from $96.00 to $102.00 and gave the company a “buy” rating in a report on Wednesday, December 12th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $95.22.

The company has a current ratio of 0.46, a quick ratio of 0.43 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $17.71 billion, a price-to-earnings ratio of 32.56, a PEG ratio of 3.50 and a beta of 0.25.

American Water Works (NYSE:AWK) last posted its quarterly earnings results on Tuesday, February 19th. The utilities provider reported $0.69 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.69. The firm had revenue of $850.00 million for the quarter, compared to the consensus estimate of $823.93 million. American Water Works had a net margin of 13.31% and a return on equity of 10.57%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period last year, the firm posted $0.69 earnings per share. As a group, analysts anticipate that American Water Works Company Inc will post 3.3 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Thursday, February 7th will be paid a $0.455 dividend. This represents a $1.82 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Wednesday, February 6th. American Water Works’s dividend payout ratio is currently 60.07%.

Several large investors have recently bought and sold shares of the company. Federated Investors Inc. PA raised its stake in American Water Works by 9,419.3% during the third quarter. Federated Investors Inc. PA now owns 923,280 shares of the utilities provider’s stock worth $81,221,000 after purchasing an additional 913,581 shares during the period. Vanguard Group Inc raised its stake in American Water Works by 2.3% during the third quarter. Vanguard Group Inc now owns 19,220,656 shares of the utilities provider’s stock worth $1,690,841,000 after purchasing an additional 436,131 shares during the period. BlackRock Inc. raised its stake in American Water Works by 3.1% during the third quarter. BlackRock Inc. now owns 14,023,195 shares of the utilities provider’s stock worth $1,233,619,000 after purchasing an additional 417,354 shares during the period. Amundi Pioneer Asset Management Inc. raised its stake in American Water Works by 66.3% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 692,358 shares of the utilities provider’s stock worth $62,845,000 after purchasing an additional 276,116 shares during the period. Finally, California Public Employees Retirement System raised its stake in American Water Works by 40.2% during the fourth quarter. California Public Employees Retirement System now owns 932,573 shares of the utilities provider’s stock worth $84,650,000 after purchasing an additional 267,380 shares during the period. 83.18% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: This news story was posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this news story on another site, it was copied illegally and reposted in violation of United States & international copyright & trademark legislation. The original version of this news story can be viewed at https://www.com-unik.info/2019/02/20/investors-buy-american-water-works-awk-on-weakness.html.

American Water Works Company Profile (NYSE:AWK)

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states. The company operates approximately 72 surface water treatment plants; 527 groundwater treatment plants; 8 combined treatment plants; 127 wastewater treatment plants; 50,382 miles of transmission, distribution, and collection mains and pipes; 1,103 groundwater wells; 1,428 water and wastewater pumping stations; 1,313 treated water storage facilities; and 80 dams.

See Also: What is the strike price in options trading?

Receive News & Ratings for American Water Works Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Water Works and related companies with MarketBeat.com's FREE daily email newsletter.



Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit