American Water Works Company Inc (AWK) was Downgraded by BofA/Merrill to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. BofA/Merrill advised their investors in a research report released on Jul 6, 2016.
Many Wall Street Analysts have commented on American Water Works Company Inc. Company shares were Reiterated by Barclays on May 6, 2016 to “Overweight”, Firm has raised the Price Target to $ 79 from a previous price target of $75 .
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.
American Water Works Company Inc closed down -0.41 points or -0.49% at $84.1 with 10,45,307 shares getting traded on Friday. Post opening the session at $84.81, the shares hit an intraday low of $83.08 and an intraday high of $85.1 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on May 18, 2016, Deborah A Degillio (VP and Treasurer) sold 1,866 shares at $74.30 per share price. According to the SEC, on May 18, 2016, Walter Lynch (EVP and COO) sold 10,000 shares at $75.20 per share price. On May 12, 2016, Loyd A Warnock (SVP, External Affairs, Comm.) sold 483 shares at $74.49 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).