Wells Fargo & Company Issues Positive Forecast for American Water Works (NYSE:AWK) Stock Price

American Water Works (NYSE:AWK) had its price target increased by Wells Fargo & Company from $133.00 to $142.00 in a report published on Thursday morning,Benzinga reports. The brokerage currently has an equal weight rating on the utilities provider’s stock.

Other analysts also recently issued reports about the company. StockNews.com upgraded American Water Works from a “sell” rating to a “hold” rating in a report on Tuesday. JPMorgan Chase & Co. dropped their price objective on American Water Works from $147.00 to $128.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Finally, UBS Group upgraded American Water Works from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $151.00 to $155.00 in a report on Tuesday, November 19th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $141.86.

American Water Works Trading Up 1.2 %

Shares of American Water Works stock opened at $142.56 on Thursday. American Water Works has a fifty-two week low of $113.34 and a fifty-two week high of $152.07. The firm has a market cap of $27.79 billion, a PE ratio of 26.45, a P/E/G ratio of 2.80 and a beta of 0.69. The business’s fifty day moving average is $128.82 and its two-hundred day moving average is $134.52. The company has a quick ratio of 0.35, a current ratio of 0.39 and a debt-to-equity ratio of 1.21.

American Water Works (NYSE:AWK) last released its quarterly earnings data on Wednesday, February 19th. The utilities provider reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.09. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.11 billion. American Water Works had a return on equity of 10.29% and a net margin of 22.44%. Analysts anticipate that American Water Works will post 5.71 earnings per share for the current year.

Institutional Trading of American Water Works

Several large investors have recently added to or reduced their stakes in the stock. IHT Wealth Management LLC increased its holdings in American Water Works by 1.2% in the 3rd quarter. IHT Wealth Management LLC now owns 6,424 shares of the utilities provider’s stock valued at $938,000 after purchasing an additional 76 shares in the last quarter. Assetmark Inc. grew its stake in shares of American Water Works by 31.7% during the third quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock valued at $54,000 after acquiring an additional 89 shares in the last quarter. Brookfield Corp ON grew its stake in shares of American Water Works by 0.3% during the third quarter. Brookfield Corp ON now owns 32,601 shares of the utilities provider’s stock valued at $4,768,000 after acquiring an additional 89 shares in the last quarter. Bleakley Financial Group LLC grew its stake in shares of American Water Works by 4.6% during the fourth quarter. Bleakley Financial Group LLC now owns 2,012 shares of the utilities provider’s stock valued at $250,000 after acquiring an additional 89 shares in the last quarter. Finally, Rosenberg Matthew Hamilton grew its stake in shares of American Water Works by 29.0% during the fourth quarter. Rosenberg Matthew Hamilton now owns 400 shares of the utilities provider’s stock valued at $50,000 after acquiring an additional 90 shares in the last quarter. 86.58% of the stock is currently owned by institutional investors and hedge funds.

About American Water Works

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.5 million active customers. The company serves residential customers; commercial customers, including 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, such as schools and universities; and other utilities and community water and wastewater systems.