Bank of America Downgrades American Water Works Company Inc to Neutral

Brokerage firm Bank of America Downgrades its rating on American Water Works Company Inc(NYSE:AWK). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by Bank of America was issued on Jul 6, 2016.

In a different note, Argus Research said it Initiates Coverage on American Water Works Company Inc, according to a research note issued on Jun 24, 2016. The shares have been rated ‘Buy’ by the firm. On Jun 6, 2016, Boenning & Scattergood said it Downgrades its rating on American Water Works Company Inc. The shares have been rated ‘Neutral’ by the firm.

American Water Works Company Inc (AWK) shares turned negative on Mondays trading session with the shares closing down -0.6 points or -0.72% at a volume of 17,53,635. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $83.21. The peak price level was also seen at $83.21 while the days lowest was $82.36. Finally the shares closed at $82.76. The 52-week high of the shares is $85.24 while the 52-week low is $50.16. According to the latest information available, the market cap of the company is $14,708 M.

American Water Works Company Inc(AWK) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $743.00M. Analysts had an estimated revenue of $727.29M. Earnings per share were $0.46. Analysts had estimated an EPS of $0.46.

Several Insider Transactions has been reported to the SEC. On May 18, 2016, Deborah A Degillio (VP and Treasurer) sold 1,866 shares at $74.30 per share price.Also, 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).

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