American Water Works (AWK) Downgraded by Vetr Inc. to Buy, Report finds

American Water Works (AWK) Downgraded by Vetr Inc. to Buy, Report finds

American Water Works (NYSE:AWK) was downgraded by equities research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Wednesday. They presently have a $80.19 target price on the stock. Vetr‘s target price would suggest a potential upside of 9.95% from the company’s current price.

A number of other brokerages also recently issued reports on AWK. Zacks Investment Research upgraded shares of American Water Works from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a report on Monday, November 28th. Janney Montgomery Scott upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and increased their price target for the company from $73.31 to $80.00 in a report on Tuesday, December 20th. Robert W. Baird set a $82.00 price target on shares of American Water Works and gave the company a “buy” rating in a report on Sunday, December 18th. Bank of America Corporation upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and increased their price target for the company from $77.00 to $84.00 in a report on Wednesday, November 9th. Finally, Macquarie initiated coverage on shares of American Water Works in a research note on Wednesday, January 18th. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. American Water Works has an average rating of “Buy” and a consensus target price of $81.69.

Shares of American Water Works (NYSE:AWK) traded up 1.17% during mid-day trading on Wednesday, hitting $72.93. 790,817 shares of the stock traded hands. The firm’s 50 day moving average price is $72.16 and its 200 day moving average price is $73.91. The firm has a market cap of $12.98 billion, a price-to-earnings ratio of 28.06 and a beta of 0.19. American Water Works has a 12-month low of $63.63 and a 12-month high of $85.24.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Tuesday, February 7th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Friday, February 3rd. This represents a $1.50 annualized dividend and a dividend yield of 2.06%. American Water Works’s dividend payout ratio is currently 57.47%.

Several large investors have recently added to or reduced their stakes in AWK. Arrow Financial Corp acquired a new position in American Water Works during the third quarter valued at about $113,000. Washington Trust Bank raised its position in American Water Works by 1.0% in the third quarter. Washington Trust Bank now owns 2,093 shares of the company’s stock valued at $157,000 after buying an additional 21 shares during the last quarter. Edgewood Management LLC acquired a new position in American Water Works during the second quarter valued at about $211,000. MUFG Americas Holdings Corp raised its position in American Water Works by 847.8% in the fourth quarter. MUFG Americas Holdings Corp now owns 2,957 shares of the company’s stock valued at $214,000 after buying an additional 2,645 shares during the last quarter. Finally, McKinley Carter Wealth Services Inc. acquired a new position in American Water Works during the second quarter valued at about $224,000. 80.95% of the stock is currently owned by institutional investors.

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.

To view Vetr’s full report, visit Vetr’s official website.

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American Water Works (AWK) Downgraded by Vetr Inc. to Buy

American Water Works (AWK) Downgraded by Vetr Inc. to Buy

American Water Works (NYSE:AWK) was downgraded by equities research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Wednesday. They presently have a $80.19 target price on the stock. Vetr‘s target price would suggest a potential upside of 9.95% from the company’s current price.

A number of other brokerages also recently issued reports on AWK. Zacks Investment Research upgraded shares of American Water Works from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a report on Monday, November 28th. Janney Montgomery Scott upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and increased their price target for the company from $73.31 to $80.00 in a report on Tuesday, December 20th. Robert W. Baird set a $82.00 price target on shares of American Water Works and gave the company a “buy” rating in a report on Sunday, December 18th. Bank of America Corporation upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and increased their price target for the company from $77.00 to $84.00 in a report on Wednesday, November 9th. Finally, Macquarie initiated coverage on shares of American Water Works in a research note on Wednesday, January 18th. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. American Water Works has an average rating of “Buy” and a consensus target price of $81.69.

Shares of American Water Works (NYSE:AWK) traded up 1.17% during mid-day trading on Wednesday, hitting $72.93. 790,817 shares of the stock traded hands. The firm’s 50 day moving average price is $72.16 and its 200 day moving average price is $73.91. The firm has a market cap of $12.98 billion, a price-to-earnings ratio of 28.06 and a beta of 0.19. American Water Works has a 12-month low of $63.63 and a 12-month high of $85.24.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Tuesday, February 7th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Friday, February 3rd. This represents a $1.50 annualized dividend and a dividend yield of 2.06%. American Water Works’s dividend payout ratio is currently 57.47%.

Several large investors have recently added to or reduced their stakes in AWK. Arrow Financial Corp acquired a new position in American Water Works during the third quarter valued at about $113,000. Washington Trust Bank raised its position in American Water Works by 1.0% in the third quarter. Washington Trust Bank now owns 2,093 shares of the company’s stock valued at $157,000 after buying an additional 21 shares during the last quarter. Edgewood Management LLC acquired a new position in American Water Works during the second quarter valued at about $211,000. MUFG Americas Holdings Corp raised its position in American Water Works by 847.8% in the fourth quarter. MUFG Americas Holdings Corp now owns 2,957 shares of the company’s stock valued at $214,000 after buying an additional 2,645 shares during the last quarter. Finally, McKinley Carter Wealth Services Inc. acquired a new position in American Water Works during the second quarter valued at about $224,000. 80.95% of the stock is currently owned by institutional investors.

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.

To view Vetr’s full report, visit Vetr’s official website.

Related posts

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