RBC Capital analyst Shelby Tucker maintained a Buy rating on American Water (AWK) yesterday and set a price target of $151.00. The company’s shares closed last Monday at $154.52, close to its 52-week high of $160.00.
According to TipRanks.com, Tucker is a 5-star analyst with an average return of 7.2% and a 69.6% success rate. Tucker covers the Utilities sector, focusing on stocks such as Public Service Enterprise, American Electric Power, and Nextera Energy Partners.
Currently, the analyst consensus on American Water is a Moderate Buy with an average price target of $150.00.
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Based on American Water’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $931 million and net profit of $176 million. In comparison, last year the company earned revenue of $882 million and had a net profit of $170 million.
Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AWK in relation to earlier this year. Most recently, in August 2020, Maureen Duffy, the SVP, Commuications&ExtAffairs of AWK sold 4,659 shares for a total of $697,918.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
American Water Works Co., Inc. engages in the provision of complementary water and wastewater services. It operates through the following segments: Regulated Businesses; Market-Based Businesses; and Other. The Regulated Businesses segment provides water and wastewater services to customers. The Market-Based Businesses segment is responsible for Military Services Group, Contract Operations Group, Homeowner Services Group, and Keystone Operations. The Other segment includes corporate costs that are not allocated to the Company’s operating segments, eliminations of inter-segment transactions, fair value adjustments and associated income and deductions related to the acquisitions that have not been allocated to the operating segments for evaluation of performance and allocation of resource purposes. The company was founded in 1886 and is headquartered in Camden, NJ.
