American Water Works (NYSE:AWK) Now Covered by Analysts at Truist Financial

Truist Financial began coverage on shares of American Water Works (NYSE:AWKFree Report) in a research report report published on Tuesday morning, Marketbeat reports. The brokerage issued a hold rating and a $137.00 price objective on the utilities provider’s stock.

A number of other research analysts also recently issued reports on AWK. Wells Fargo & Company lowered their price target on American Water Works from $142.00 to $126.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of American Water Works in a report on Friday, March 27th. Wall Street Zen downgraded American Water Works from a “sell” rating to a “strong sell” rating in a report on Saturday. Bank of America raised American Water Works from an “underperform” rating to a “neutral” rating and upped their price target for the company from $117.00 to $139.00 in a report on Monday, January 12th. Finally, Barclays upped their price target on American Water Works from $122.00 to $124.00 and gave the company an “underweight” rating in a report on Monday. One equities research analyst has rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $141.20.

Get Our Latest Stock Report on American Water Works

American Water Works Trading Down 1.0%

American Water Works stock opened at $131.92 on Tuesday. The company has a current ratio of 0.46, a quick ratio of 0.44 and a debt-to-equity ratio of 1.18. The business’s fifty day simple moving average is $134.87 and its two-hundred day simple moving average is $132.99. American Water Works has a 12 month low of $121.28 and a 12 month high of $150.51. The company has a market capitalization of $25.76 billion, a price-to-earnings ratio of 23.18, a price-to-earnings-growth ratio of 2.94 and a beta of 0.74.

American Water Works (NYSE:AWKGet Free Report) last released its earnings results on Wednesday, February 18th. The utilities provider reported $1.24 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.04). American Water Works had a return on equity of 10.38% and a net margin of 21.61%.The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the firm posted $1.15 earnings per share. The company’s revenue was up 5.8% compared to the same quarter last year. American Water Works has set its FY 2026 guidance at 6.020-6.120 EPS. As a group, equities analysts predict that American Water Works will post 6.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. increased its stake in shares of American Water Works by 2.0% in the third quarter. Oppenheimer Asset Management Inc. now owns 3,856 shares of the utilities provider’s stock valued at $537,000 after purchasing an additional 77 shares during the period. SeaCrest Wealth Management LLC increased its stake in shares of American Water Works by 3.5% in the fourth quarter. SeaCrest Wealth Management LLC now owns 2,269 shares of the utilities provider’s stock valued at $289,000 after purchasing an additional 77 shares during the period. Peddock Capital Advisors LLC increased its stake in shares of American Water Works by 2.9% in the fourth quarter. Peddock Capital Advisors LLC now owns 2,824 shares of the utilities provider’s stock valued at $369,000 after purchasing an additional 79 shares during the period. Cahaba Wealth Management Inc. increased its stake in shares of American Water Works by 0.4% in the third quarter. Cahaba Wealth Management Inc. now owns 21,251 shares of the utilities provider’s stock valued at $2,958,000 after purchasing an additional 80 shares during the period. Finally, Salomon & Ludwin LLC increased its stake in shares of American Water Works by 71.7% in the fourth quarter. Salomon & Ludwin LLC now owns 194 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 81 shares during the period. Institutional investors own 86.58% of the company’s stock.

Key Stories Impacting American Water Works

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About American Water Works

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American Water Works Company, Inc (NYSE: AWK) is a publicly traded utility company that provides water and wastewater services in the United States. Its core business is the operation, management and maintenance of regulated water and wastewater systems that deliver potable water, collect and treat wastewater, and provide related customer services to residential, commercial and industrial customers as well as municipalities. The company’s operations include water treatment and distribution, wastewater collection and treatment, meter reading and billing, emergency repairs, and long-term infrastructure planning and capital project execution.

In addition to its regulated utility operations, American Water offers complementary nonregulated services and solutions that support system reliability and customer needs.

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