Brokerage firm Boenning & Scattergood Downgrades its rating on American Water Works Company Inc(NYSE:AWK). The shares have been rated Neutral. Previously, the analysts had a Outperform rating on the shares. The rating by Boenning & Scattergood was issued on Jun 6, 2016.
American Water Works Company Inc (AWK) made into the market gainers list on Fridays trading session with the shares advancing 0.04% or 0.03 points. Due to strong positive momentum, the stock ended at $77.5, which is also near the day’s high of $77.76. The stock began the session at $77.1 and the volume stood at 8,39,888 shares. The 52-week high of the shares is $77.76 and the 52 week low is $48.36. The company has a current market capitalization of $13,773 M and it has 17,77,14,500 shares in outstanding.
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).