A number of other brokerages also recently issued reports on AWK. Robert W. Baird raised their price target on shares of American Water Works from $117.00 to $128.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. ValuEngine lowered shares of American Water Works from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. initiated coverage on American Water Works in a report on Friday, November 15th. They issued a “neutral” rating and a $127.00 price objective on the stock. Finally, Janney Montgomery Scott increased their price objective on American Water Works from $121.00 to $153.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. American Water Works currently has a consensus rating of “Hold” and a consensus price target of $129.17.
Shares of AWK stock opened at $122.67 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 1.40. American Water Works has a twelve month low of $85.89 and a twelve month high of $129.89. The company’s 50-day moving average price is $120.28 and its 200-day moving average price is $119.69. The stock has a market cap of $22.18 billion, a price-to-earnings ratio of 37.17, a PEG ratio of 4.15 and a beta of 0.06.
A number of hedge funds and other institutional investors have recently bought and sold shares of AWK. Vanguard Group Inc. increased its position in shares of American Water Works by 0.8% during the second quarter. Vanguard Group Inc. now owns 21,855,515 shares of the utilities provider’s stock valued at $2,535,240,000 after acquiring an additional 174,708 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of American Water Works by 5.7% in the 2nd quarter. BlackRock Inc. now owns 15,396,801 shares of the utilities provider’s stock worth $1,786,029,000 after acquiring an additional 827,507 shares during the last quarter. State Street Corp boosted its position in shares of American Water Works by 3.0% during the 3rd quarter. State Street Corp now owns 9,374,832 shares of the utilities provider’s stock worth $1,164,635,000 after purchasing an additional 271,977 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of American Water Works by 17.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 8,771,839 shares of the utilities provider’s stock worth $1,017,533,000 after purchasing an additional 1,293,688 shares during the period. Finally, Pictet Asset Management Ltd. increased its holdings in American Water Works by 4.5% in the 3rd quarter. Pictet Asset Management Ltd. now owns 4,584,664 shares of the utilities provider’s stock valued at $569,553,000 after purchasing an additional 196,138 shares during the last quarter. 83.97% of the stock is currently owned by institutional investors.
American Water Works Company Profile
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 serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, such as 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; and other utilities and community water and wastewater systems.
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