American Water Works Company Inc (AWK) is Reiterated by Barclays to Overweight, Raises Price Target to $ 79

American Water Works Company Inc (AWK) was Reiterated by Barclays to “Overweight” according to the research note released today. The brokerage firm has raised the Price Target to $ 79 from a previous price target of $75 . Barclays advised their investors in a research report released on May 6, 2016.

On the company’s financial health, American Water Works Company Inc reported $0.55 EPS for the quarter, based on the information available during the earnings call on Feb 25, 2016. Analyst had a consensus estimate of $0.55. The company had revenue of $783.00 million for the quarter, compared to analysts expectations of $780.68 million. The company’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.

In a different news, on Mar 15, 2016, Sharon Cameron (President, AW Enterprises) sold 4,669 shares at $68.75 per share price. According to the SEC, on Mar 14, 2016, Walter Lynch (EVP and COO) sold 10,000 shares at $68.20 per share price. On Mar 9, 2016, Deborah A Degillio (VP and Treasurer) sold 2,334 shares at $68.37 per share price, according to the Form-4 filing with the securities and exchange commission.

American Water Works Company Inc. is a water and wastewater utility holding company. Through its subsidiaries the Company provides drinking water wastewater and other water related services to approximately 15 million people in approximately 47 states of the United States and one Canadian province. The Company has two operating segments: the Regulated Businesses and the Market-Based Operations. The Regulated Businesses segment owns subsidiaries that provide water and wastewater utility services to residential commercial industrial and other customers. The Market-Based Operations segment provides water and wastewater services to military bases municipalities industrial commercial and residential customers that are not subject to economic regulation by state Public Utility Commissions (PUC). The Company’s subsidiaries include Illinois-American Water Company (ILAWC) American Lake Water Company and West Virginia-American Water Company (WVAWC).

American Water Works Company Inc

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