Shares of American Water Works (NYSE:AWK) have received a consensus recommendation of “Buy” from the twelve ratings firms that are presently covering the firm. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $81.52.
A number of research analysts have recently weighed in on AWK shares. Bank of America Corporation upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and raised their price target for the company from $77.00 to $84.00 in a report on Wednesday, November 9th. Vetr downgraded shares of American Water Works from a “strong-buy” rating to a “buy” rating and set a $82.00 price target on the stock. in a report on Tuesday, January 31st. Janney Montgomery Scott upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $73.31 to $80.00 in a report on Tuesday, December 20th. Robert W. Baird set a $82.00 target price on shares of American Water Works and gave the stock a “buy” rating in a report on Sunday, December 18th. Finally, Hilliard Lyons upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and set a $84.00 target price on the stock in a report on Tuesday, January 17th.
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Shares of American Water Works (NYSE:AWK) opened at 73.22 on Tuesday. American Water Works has a 1-year low of $63.63 and a 1-year high of $85.24. The company has a 50-day moving average price of $72.17 and a 200-day moving average price of $73.66. The stock has a market cap of $13.03 billion, a price-to-earnings ratio of 28.17 and a beta of 0.19.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 1st. Stockholders of record on Tuesday, February 7th will be given a dividend of $0.375 per share. The ex-dividend date is Friday, February 3rd. This represents a $1.50 annualized dividend and a dividend yield of 2.05%. American Water Works’s dividend payout ratio (DPR) is currently 57.47%.
Several hedge funds have recently modified their holdings of the stock. BlackRock Fund Advisors raised its position in American Water Works by 3.0% in the third quarter. BlackRock Fund Advisors now owns 3,899,896 shares of the company’s stock worth $291,868,000 after buying an additional 114,488 shares during the period. Northern Trust Corp raised its position in American Water Works by 0.5% in the third quarter. Northern Trust Corp now owns 3,527,858 shares of the company’s stock worth $264,025,000 after buying an additional 17,288 shares during the period. Wells Fargo & Company MN raised its position in American Water Works by 30.2% in the third quarter. Wells Fargo & Company MN now owns 1,961,849 shares of the company’s stock worth $146,824,000 after buying an additional 455,011 shares during the period. Bank of New York Mellon Corp raised its position in American Water Works by 0.6% in the third quarter. Bank of New York Mellon Corp now owns 1,614,291 shares of the company’s stock worth $120,813,000 after buying an additional 10,352 shares during the period. Finally, Lord Abbett & CO. LLC raised its position in American Water Works by 1.7% in the second quarter. Lord Abbett & CO. LLC now owns 1,315,177 shares of the company’s stock worth $111,146,000 after buying an additional 21,709 shares during the period. Institutional investors and hedge funds own 81.00% of the company’s stock.
About American Water Works
American Water Works Company, Inc is a holding company. The Company is a water and wastewater utility company. The Company operates through two segments: the Regulated Businesses and the Market-Based Businesses. Its Regulated Businesses segment involves the ownership of subsidiaries that provide water and wastewater utility services to residential, commercial, industrial and other customers, including sale for resale and public authority customers.
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