American Water Works (NYSE:AWK) Earns Hold Rating from Analysts at TD Cowen

Key Points

• TD Cowen has initiated coverage on American Water Works (NYSE:AWK), assigning a "hold" rating with a price target of $155.00, indicating an 8.81% potential upside from the current price.
• The stock has received mixed reviews from other analysts, with one rating it as a buy, eight as hold, and one as sell, leading to an average target price of $145.00.
• American Water Works reported $1.48 earnings per share for its last quarter, missing estimates, but still showed a year-over-year revenue increase of 11.1%.

Stock analysts at TD Cowen began coverage on shares of American Water Works (NYSE:AWK - Get Free Report) in a research report issued on Thursday, Marketbeat.com reports. The brokerage set a "hold" rating and a $155.00 price target on the utilities provider's stock. TD Cowen's price target points to a potential upside of 8.81% from the company's current price.

AWK has been the subject of several other reports. Argus raised their target price on shares of American Water Works from $155.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. UBS Group cut their target price on shares of American Water Works from $156.00 to $151.00 and set a "neutral" rating for the company in a research note on Tuesday, August 12th. Wells Fargo & Company cut their price objective on shares of American Water Works from $147.00 to $141.00 and set an "equal weight" rating for the company in a research report on Friday, August 1st. Barclays cut their price objective on shares of American Water Works from $138.00 to $128.00 and set an "underweight" rating for the company in a research report on Thursday, July 10th. Finally, Mizuho raised their price objective on shares of American Water Works from $148.00 to $149.00 and gave the stock a "neutral" rating in a research report on Friday, August 1st. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $145.00.

American Water Works Price Performance

Shares of NYSE AWK opened at $142.45 on Thursday. The stock has a market capitalization of $27.79 billion, a price-to-earnings ratio of 25.67, a PEG ratio of 3.40 and a beta of 0.70. The business has a 50-day moving average of $140.73 and a 200-day moving average of $142.11. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.35 and a quick ratio of 0.32. American Water Works has a fifty-two week low of $118.74 and a fifty-two week high of $155.50.

American Water Works (NYSE:AWK - Get Free Report) last issued its earnings results on Wednesday, July 30th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.05). American Water Works had a net margin of 21.91% and a return on equity of 10.34%. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the business posted $1.42 earnings per share. The company's revenue for the quarter was up 11.1% on a year-over-year basis. American Water Works has set its FY 2025 guidance at 5.700-5.750 EPS. As a group, sell-side analysts predict that American Water Works will post 5.71 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AWK. Oliver Lagore Vanvalin Investment Group acquired a new position in American Water Works during the second quarter valued at approximately $28,000. Concord Wealth Partners acquired a new position in shares of American Water Works during the second quarter worth $28,000. Cloud Capital Management LLC acquired a new position in shares of American Water Works during the first quarter worth $29,000. WPG Advisers LLC acquired a new position in shares of American Water Works during the first quarter worth $29,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of American Water Works during the second quarter worth $29,000. 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.

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