In a report released to clients and investors, the rating was changed from 'hold' to'sell'.
Several other brokerages also published reports recently on AWK. In a Monday report, Bank of America raised their price target on American Water Works shares from $134.00 up to $140.00. Royal Bank of Canada reiterated an 'outperform rating' and set a price target of $180.00 on American Water Works shares in a report published on Tuesday, 7th March. TheStreet downgraded shares of American Water Works on Wednesday, Feb. 15th from a "b" rating to a "c+". Five analysts have given the company a hold or buy rating. One analyst has given the stock a sell. Trading on Tuesday saw a gain of $0.91, bringing the price to $152.42. The company's shares were traded at a volume of 825,166, as opposed to the average of 1,140.662. American Water Works's 1-year low is $122.77, and its 1-year high is $162.59. The company has a moving average of $144.47 for the past 50 days and a moving average of $147.24 for the last two hundred days. The company's current ratio is 0.44. It has a quick rate of 0.41, and a debt to equity ratio of 1.42. The company has a market capitalization of $29.67 Billion, a P/E of 33.80 and a PEG of 3.92. It also has a beta value of 0.57.
The last time ) released its quarterly results was on Thursday, 16th February. The utilities provider posted $0.81 per share for the quarter. This was $0.06 higher than the consensus estimate of $ 0.75. American Water Works' net margin was 21.62%, and its return on equity was 10.76%. The company's revenue was $931.00 millions during the quarter compared with analysts' expectations of 923.74. In the same quarter of the year before, the company had earned $0.85 per share. American Water Works revenue decreased 2.1% from the previous year. Analysts predict that American Water Works's earnings per share will be 4.77 for the current fiscal year.
Inflows of Institutional Capital and Outflows
AWK shares have been bought and sold by a number of institutional investors in recent months. Dimensional Fund Advisors LP increased its stake in American Water Works in the first quarter by 5.1%. Dimensional Fund Advisors LP owns now 623,854 of the utilities provider’s stock valued at $1003,268,000. This is after purchasing an additional 30,316 in the last quarter. Aviva PLC increased its stake in American Water Works from 33.1% to 78,509 shares in the first quarter. Aviva PLC owns 78.509 shares worth $12.996,000 of the utilities provider stock after purchasing an additional 19.512 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in American Water Works shares by 53.1% during the first quarter. Sequoia Financial Advisors LLC owns 2,079 of the utilities provider’s stock, worth $344,000, after buying an additional 721 in the last quarter. Vanguard Group Inc. increased its holdings in American Water Works shares by 2.0% in the first quarter. Vanguard Group Inc. owns 21,960 717 shares worth $3,635,157,000 of the utilities provider’s stock after buying an additional 434 737 shares last quarter. Brown Brothers Harriman & Co. increased its holdings in American Water Works shares by 21.9% during the first quarter. Brown Brothers Harriman & Co. owns 2,186 of the utilities provider’s stock, worth $362,000, after buying an additional 392 in the last quarter. 83.06% is owned by institutional investors.
American Water Works
American Water Works Co, Inc provides complementary water and waste-water services. It is divided into three segments: Market-Based Business, Regulated Businesses and Other. Customers can get water and wastewater services from the Regulated Businesses segment. The Market-Based Businesses segment consists of the military services group that enters long-term agreements with the U.S.
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