American Water Works Company, Inc. (NYSE:AWK – Get Rating) has received a consensus rating of “Hold” from the twelve brokerages that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $174.00.
A number of equities analysts recently weighed in on AWK shares. Zacks Investment Research upgraded American Water Works from a “sell” rating to a “hold” rating and set a $163.00 price target for the company in a research report on Wednesday, February 9th. HSBC raised American Water Works from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $190.00 to $182.00 in a research note on Wednesday, February 23rd. Barclays reduced their price objective on American Water Works from $187.00 to $166.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 9th. UBS Group raised American Water Works from a “sell” rating to a “neutral” rating and reduced their price objective for the stock from $164.00 to $161.00 in a research note on Monday, February 7th. Finally, StockNews.com began coverage on American Water Works in a research note on Thursday, March 31st. They issued a “hold” rating for the company.
AWK stock opened at $151.76 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.39. American Water Works has a 52-week low of $142.36 and a 52-week high of $189.65. The stock’s 50 day moving average is $157.07 and its two-hundred day moving average is $162.68. The company has a market capitalization of $27.58 billion, a PE ratio of 21.40, a P/E/G ratio of 4.01 and a beta of 0.44.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Tuesday, May 10th will be paid a dividend of $0.655 per share. The ex-dividend date is Monday, May 9th. This is an increase from American Water Works’s previous quarterly dividend of $0.60. This represents a $2.62 dividend on an annualized basis and a dividend yield of 1.73%. American Water Works’s dividend payout ratio (DPR) is 36.95%.
In other news, EVP Melanie M. Kennedy sold 1,029 shares of the stock in a transaction dated Friday, May 20th. The stock was sold at an average price of $145.52, for a total transaction of $149,740.08. Following the transaction, the executive vice president now owns 12,054 shares of the company’s stock, valued at approximately $1,754,098.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.09% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Advisory Services Network LLC increased its holdings in shares of American Water Works by 10.1% during the 1st quarter. Advisory Services Network LLC now owns 15,724 shares of the utilities provider’s stock valued at $2,603,000 after acquiring an additional 1,445 shares during the last quarter. Quilter Plc grew its holdings in American Water Works by 9.0% in the 1st quarter. Quilter Plc now owns 139,465 shares of the utilities provider’s stock valued at $23,086,000 after buying an additional 11,519 shares during the last quarter. Toroso Investments LLC grew its holdings in American Water Works by 25.7% in the 1st quarter. Toroso Investments LLC now owns 14,082 shares of the utilities provider’s stock valued at $2,331,000 after buying an additional 2,879 shares during the last quarter. Van Hulzen Asset Management LLC grew its holdings in American Water Works by 4.0% in the 1st quarter. Van Hulzen Asset Management LLC now owns 10,833 shares of the utilities provider’s stock valued at $1,793,000 after buying an additional 416 shares during the last quarter. Finally, Magnolia Wealth Management LLC acquired a new stake in American Water Works in the 1st quarter valued at approximately $443,000. 82.77% of the stock is currently owned by institutional investors and hedge funds.
About American Water Works (Get Rating)
American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, including 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, such as schools and universities; and other utilities and community water and wastewater systems.
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