American Water Works (AWK) Given “Hold” Rating at Boenning Scattergood

Boenning Scattergood restated their hold rating on shares of American Water Works (NYSE:AWK) in a research note released on Thursday, AnalystRatings.com reports.

Other equities research analysts have also issued research reports about the stock. Janney Montgomery Scott reissued a buy rating and issued a $121.00 price target (up previously from $102.00) on shares of American Water Works in a report on Thursday. Wells Fargo & Co lowered shares of American Water Works from an outperform rating to a market perform rating and set a $111.00 price target for the company. in a report on Tuesday, March 26th. They noted that the move was a valuation call. Finally, Bank of America boosted their price target on shares of American Water Works from $92.00 to $103.00 and gave the stock a neutral rating in a report on Thursday, February 21st. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. American Water Works has a consensus rating of Buy and an average target price of $106.29.

Shares of NYSE AWK opened at $107.38 on Thursday. The firm has a market capitalization of $19.38 billion, a P/E ratio of 32.54, a P/E/G ratio of 3.71 and a beta of 0.25. The company has a quick ratio of 0.35, a current ratio of 0.32 and a debt-to-equity ratio of 1.28. American Water Works has a one year low of $77.73 and a one year high of $108.32.

American Water Works (NYSE:AWK) last issued its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $0.61 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.02). The company had revenue of $813.00 million during the quarter, compared to analysts’ expectations of $792.73 million. American Water Works had a return on equity of 10.25% and a net margin of 16.44%. American Water Works’s revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.59 EPS. Equities research analysts expect that American Water Works will post 3.58 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Monday, May 13th will be issued a dividend of $0.50 per share. This is a positive change from American Water Works’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, May 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.86%. American Water Works’s dividend payout ratio is presently 55.15%.

Several institutional investors have recently added to or reduced their stakes in the company. Enlightenment Research LLC purchased a new stake in shares of American Water Works during the first quarter worth $375,000. Nissay Asset Management Corp Japan ADV grew its holdings in shares of American Water Works by 4.1% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 122,917 shares of the utilities provider’s stock worth $12,815,000 after buying an additional 4,825 shares in the last quarter. Goelzer Investment Management Inc. purchased a new stake in shares of American Water Works during the first quarter worth $511,000. Stephens Inc. AR grew its holdings in shares of American Water Works by 1.1% during the first quarter. Stephens Inc. AR now owns 9,598 shares of the utilities provider’s stock worth $1,001,000 after buying an additional 103 shares in the last quarter. Finally, California Public Employees Retirement System grew its holdings in shares of American Water Works by 19.1% in the first quarter. California Public Employees Retirement System now owns 1,110,515 shares of the utilities provider’s stock valued at $115,782,000 after purchasing an additional 177,942 shares during the period. 85.39% of the stock is owned by institutional investors and hedge funds.

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 serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, such as 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; and other utilities and community water and wastewater systems.

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Analyst Recommendations for American Water Works (NYSE:AWK)

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