American Water (NYSE:AWK) has earned a consensus rating of “Hold” from the fourteen research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $88.24.
Several equities research analysts recently commented on the company. Bank of America cut American Water from a “buy” rating to a “neutral” rating and raised their target price for the stock from $85.70 to $91.00 in a research note on Thursday, January 11th. Zacks Investment Research cut American Water from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. HSBC raised American Water from a “hold” rating to a “buy” rating and raised their target price for the stock from $74.63 to $80.15 in a research note on Friday, March 23rd. Guggenheim reaffirmed a “hold” rating and set a $82.00 target price on shares of American Water in a research note on Friday, February 23rd. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $88.00 target price (down previously from $91.00) on shares of American Water in a research note on Thursday, February 22nd.
A number of large investors have recently made changes to their positions in AWK. Resources Investment Advisors Inc. bought a new position in American Water in the fourth quarter worth approximately $152,000. Truewealth LLC bought a new position in shares of American Water in the fourth quarter valued at approximately $189,000. Lakeview Capital Partners LLC bought a new position in shares of American Water in the fourth quarter valued at approximately $214,000. Pinnacle Associates Ltd. bought a new position in shares of American Water in the fourth quarter valued at approximately $218,000. Finally, Haverford Trust Co. bought a new position in shares of American Water in the fourth quarter valued at approximately $221,000. Institutional investors and hedge funds own 84.89% of the company’s stock.
American Water (NYSE:AWK) last released its earnings results on Tuesday, February 20th. The utilities provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.66 by $0.03. American Water had a return on equity of 10.03% and a net margin of 12.69%. The business had revenue of $821.00 million during the quarter, compared to analysts’ expectations of $843.36 million. During the same quarter last year, the firm posted $0.57 earnings per share. The firm’s revenue was up 2.4% on a year-over-year basis. equities analysts expect that American Water will post 3.26 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Friday, May 11th will be issued a $0.455 dividend. The ex-dividend date of this dividend is Thursday, May 10th. This represents a $1.82 annualized dividend and a yield of 2.12%. This is a positive change from American Water’s previous quarterly dividend of $0.42. American Water’s dividend payout ratio is presently 54.79%.
About American Water
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. The company operates approximately 72 surface water treatment plants; 527 groundwater treatment plants; 8 combined treatment plants; 127 wastewater treatment plants; 50,382 miles of transmission, distribution, and collection mains and pipes; 1,103 groundwater wells; 1,428 water and wastewater pumping stations; 1,313 treated water storage facilities; and 80 dams.
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