American Water Works (NYSE:AWK) – Northcoast Research issued their FY2017 EPS estimates for shares of American Water Works in a report released on Monday. Northcoast Research analyst A. Cohen forecasts that the utilities provider will post earnings per share of $2.98 for the year. Northcoast Research has a “Neutral” rating on the stock. Northcoast Research also issued estimates for American Water Works’ FY2018 earnings at $3.27 EPS.
American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 EPS for the quarter, missing the consensus estimate of $0.80 by $0.07. The business had revenue of $844 million for the quarter, compared to analysts’ expectations of $869.52 million. American Water Works had a net margin of 14.20% and a return on equity of 9.70%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.77 earnings per share.
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A number of other brokerages have also weighed in on AWK. BidaskClub lowered shares of American Water Works from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Vetr lowered shares of American Water Works from a “buy” rating to a “hold” rating and set a $84.04 price objective on the stock. in a report on Wednesday, June 14th. Zacks Investment Research lowered shares of American Water Works from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Robert W. Baird lowered shares of American Water Works from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from $69.41 to $82.00 in a report on Wednesday, April 26th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. American Water Works has a consensus rating of “Hold” and an average price target of $82.63.
American Water Works (NYSE:AWK) opened at 81.31 on Wednesday. American Water Works has a 1-year low of $69.41 and a 1-year high of $82.89. The stock has a 50 day moving average price of $80.00 and a 200-day moving average price of $77.33. The stock has a market capitalization of $14.47 billion, a P/E ratio of 30.67 and a beta of 0.25.
Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in American Water Works by 3.9% in the first quarter. Vanguard Group Inc. now owns 17,720,019 shares of the utilities provider’s stock valued at $1,378,085,000 after buying an additional 657,026 shares during the last quarter. BlackRock Inc. raised its stake in American Water Works by 1,423.2% in the first quarter. BlackRock Inc. now owns 14,519,771 shares of the utilities provider’s stock valued at $1,129,202,000 after buying an additional 13,566,529 shares during the last quarter. Pictet Asset Management Ltd. raised its stake in American Water Works by 3.2% in the second quarter. Pictet Asset Management Ltd. now owns 4,004,935 shares of the utilities provider’s stock valued at $313,105,000 after buying an additional 125,587 shares during the last quarter. Bessemer Group Inc. raised its stake in American Water Works by 0.5% in the second quarter. Bessemer Group Inc. now owns 1,935,574 shares of the utilities provider’s stock valued at $150,879,000 after buying an additional 9,699 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in American Water Works by 8.3% in the first quarter. Geode Capital Management LLC now owns 1,757,631 shares of the utilities provider’s stock valued at $136,500,000 after buying an additional 134,282 shares during the last quarter. 81.08% of the stock is currently owned by institutional investors.
In other American Water Works news, SVP Loyd A. Warnock sold 2,236 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $75.73, for a total value of $169,332.28. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Loyd A. Warnock sold 1,263 shares of the company’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $75.21, for a total transaction of $94,990.23. Following the completion of the sale, the senior vice president now directly owns 7,055 shares in the company, valued at $530,606.55. The disclosure for this sale can be found here. 0.34% of the stock is currently owned by corporate insiders.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Wednesday, August 9th will be issued a $0.415 dividend. This represents a $1.66 annualized dividend and a yield of 2.04%. The ex-dividend date is Monday, August 7th. American Water Works’s payout ratio is 62.64%.
American Water Works Company Profile
American Water Works Company, Inc is a holding company for regulated and market-based subsidiaries throughout the United States and Ontario, Canada. The Company’s Regulated Businesses segment provides water and wastewater services as public utilities in 16 states in the United States as of December 31, 2016.
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