American Water Works (AWK) Receives Buy Rating from Janney Montgomery Scott

Janney Montgomery Scott restated their buy rating on shares of American Water Works (NYSE:AWK) in a research note published on Thursday morning. Janney Montgomery Scott currently has a $102.00 price target on the utilities provider’s stock.

A number of other equities analysts have also issued reports on AWK. Wells Fargo & Co reissued a buy awk rating on shares of American Water Works in a report on Monday, December 24th. Robert W. Baird upgraded shares of American Water Works from a neutral rating to an outperform rating and set a $103.00 price objective for the company in a research report on Thursday, December 6th. Finally, Zacks Investment Research upgraded shares of American Water Works from a hold rating to a buy rating and set a $103.00 price objective for the company in a research report on Monday, November 26th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $97.62.

Shares of AWK stock traded up $0.45 during mid-day trading on Thursday, hitting $100.83. 7,712 shares of the stock were exchanged, compared to its average volume of 880,287. The firm has a market cap of $18.23 billion, a price-to-earnings ratio of 30.57, a PEG ratio of 3.53 and a beta of 0.25. American Water Works has a 12-month low of $77.73 and a 12-month high of $100.47. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.43 and a current ratio of 0.37.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Tuesday, February 19th. The utilities provider reported $0.69 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.69. The company had revenue of $850.00 million for the quarter, compared to analyst estimates of $823.93 million. American Water Works had a return on equity of 10.36% and a net margin of 16.48%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.69 earnings per share. As a group, research analysts predict that American Water Works will post 3.59 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Thursday, February 7th will be given a dividend of $0.455 per share. The ex-dividend date of this dividend is Wednesday, February 6th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 1.81%. American Water Works’s payout ratio is 55.15%.

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc raised its position in shares of American Water Works by 2.3% during the 3rd 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 last quarter. BlackRock Inc. raised its position in shares of American Water Works by 2.2% during the 4th quarter. BlackRock Inc. now owns 14,335,088 shares of the utilities provider’s stock worth $1,301,195,000 after purchasing an additional 311,893 shares during the last quarter. Pictet Asset Management Ltd. raised its position in shares of American Water Works by 1.2% during the 3rd quarter. Pictet Asset Management Ltd. now owns 4,449,653 shares of the utilities provider’s stock worth $391,436,000 after purchasing an additional 52,914 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of American Water Works by 3.7% during the 3rd quarter. Wells Fargo & Company MN now owns 3,799,156 shares of the utilities provider’s stock worth $334,212,000 after purchasing an additional 135,184 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of American Water Works by 0.9% during the 4th quarter. Bank of America Corp DE now owns 3,528,169 shares of the utilities provider’s stock worth $320,252,000 after purchasing an additional 32,537 shares during the last quarter. Institutional investors own 83.18% 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 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.

Further Reading: Economic Reports

Analyst Recommendations for American Water Works (NYSE:AWK)

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