New Rating issued on American Water Works Company Inc (AWK): Downgraded by HSBC Securities to ” Hold”

American Water Works Company Inc (AWK) was Downgraded by HSBC Securities to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. HSBC Securities advised their Clients and Investors in a research report released on Mar 15, 2017.

Based on several research reports , American Water Works Company Inc was Downgraded by HSBC Securities to ” Hold” on Mar 15, 2017. American Water Works Company Inc was Initiated by Macquarie to “Neutral” on Jan 18, 2017.

Several company insiders have filed Insider transactions , on Mar 7, 2017, Walter Lynch (EVP and COO) sold 10,000 shares at $78.00 per share price. According to the SEC, on Mar 2, 2017, Mark F. Strauss (SVP,Corp Strategy&Bus. Develop) sold 13,011 shares at $77.57 per share price. On Nov 29, 2016, Susan N Story (President and CEO) purchased 39 shares at $74.90 per share price, according to the Form-4 filing with the securities and exchange commission.

On the company’s financial health, American Water Works Company Inc reported $0.57 EPS for the quarter, based on the information available during the earnings call on Feb 21, 2017. Analyst had a consensus estimate of $0.57. The company had revenue of $802.00 million for the quarter, compared to analysts expectations of $820.46 million. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.

American Water Works Company Inc opened for trading at $75.52 and hit $77.46 on the upside on Wednesday, eventually ending the session at $77.22, with a gain of 1.59% or 1.21 points. The heightened volatility saw the trading volume jump to 7,60,622 shares. Company has a market cap of $13,762 M.

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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