Wells Fargo Remains a Hold on American Water (AWK)

By Jason Carr

In a report released yesterday, Jonathan Reeder from Wells Fargo maintained a Hold rating on American Water (AWKResearch Report). The company’s shares closed on Friday at $116.29, close to its 52-week high of $119.28.

According to TipRanks.com, Reeder is a 3-star analyst with an average return of 11.6% and a 80.0% success rate. Reeder covers the Utilities sector, focusing on stocks such as Brookfield Renewable Partners L.P., American States Water Company, and California Water Service.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for American Water with a $114 average price target.

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The company has a one-year high of $119.28 and a one-year low of $77.73. Currently, American Water has an average volume of 1.04M.

Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock. Last month, Susan Story, the President & CEO of AWK sold 28,457 shares for a total of $3,239,545.

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.