American Water Works (NYSE:AWK) Now Covered by JPMorgan Chase & Co.

Analysts at JPMorgan Chase & Co. started coverage on shares of American Water Works (NYSE:AWK) in a note issued to investors on Friday, Marketbeat.com reports. The brokerage set a “neutral” rating and a $127.00 price target on the utilities provider’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 7.41% from the company’s previous close.

AWK has been the subject of several other reports. Robert W. Baird upped their target price on American Water Works from $117.00 to $128.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Janney Montgomery Scott upped their target price on American Water Works from $121.00 to $153.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. ValuEngine cut American Water Works from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Co upped their target price on American Water Works from $122.00 to $128.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. American Water Works currently has an average rating of “Hold” and an average price target of $129.17.

NYSE AWK traded up $0.39 on Friday, hitting $118.24. 527,801 shares of the company’s stock were exchanged, compared to its average volume of 951,416. The stock has a 50-day moving average of $121.84 and a 200-day moving average of $118.42. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 1.40. American Water Works has a 52 week low of $85.89 and a 52 week high of $129.89. The stock has a market cap of $21.30 billion, a price-to-earnings ratio of 35.83, a P/E/G ratio of 4.05 and a beta of 0.06.

American Water Works (NYSE:AWK) last released its earnings results on Wednesday, October 30th. The utilities provider reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.03. American Water Works had a return on equity of 10.77% and a net margin of 17.85%. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the company earned $1.20 earnings per share. The company’s quarterly revenue was up 3.8% on a year-over-year basis. As a group, analysts predict that American Water Works will post 3.6 earnings per share for the current year.

In other news, Director George Mackenzie sold 10,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $129.18, for a total value of $1,291,800.00. Following the completion of the transaction, the director now directly owns 25,338 shares in the company, valued at approximately $3,273,162.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Walter Lynch sold 6,908 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $126.91, for a total value of $876,694.28. Following the completion of the transaction, the chief operating officer now owns 113,574 shares of the company’s stock, valued at $14,413,676.34. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Next Capital Management LLC lifted its stake in shares of American Water Works by 145.8% in the 2nd quarter. Next Capital Management LLC now owns 236 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 140 shares during the last quarter. Orrstown Financial Services Inc. raised its position in American Water Works by 208.7% during the 3rd quarter. Orrstown Financial Services Inc. now owns 318 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 215 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in American Water Works during the 2nd quarter worth $38,000. Vestor Capital LLC bought a new position in American Water Works during the 2nd quarter worth $41,000. Finally, SRS Capital Advisors Inc. bought a new position in American Water Works during the 2nd quarter worth $44,000. Institutional investors own 85.10% of the company’s stock.

American Water Works Company Profile

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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