American Water Works Company Inc (NYSE:AWK) SVP Loyd A. Warnock sold 9,502 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $111.04, for a total value of $1,055,102.08. Following the completion of the sale, the senior vice president now directly owns 18,314 shares of the company’s stock, valued at $2,033,586.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
NYSE:AWK traded up $1.15 during trading hours on Friday, hitting $112.32. The company’s stock had a trading volume of 82,225 shares, compared to its average volume of 860,925. The stock has a market capitalization of $19.90 billion, a price-to-earnings ratio of 34.03, a PEG ratio of 3.79 and a beta of 0.25. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.30 and a current ratio of 0.32. American Water Works Company Inc has a 52-week low of $77.73 and a 52-week high of $111.66.
American Water Works (NYSE:AWK) last released its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.02). American Water Works had a return on equity of 10.25% and a net margin of 16.44%. The business had revenue of $813.00 million during the quarter, compared to analysts’ expectations of $792.73 million. During the same quarter in the previous year, the company posted $0.59 EPS. The company’s revenue was up 6.8% compared to the same quarter last year. On average, analysts predict that American Water Works Company Inc will post 3.6 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Monday, May 13th will be given a $0.50 dividend. The ex-dividend date is Friday, May 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.78%. This is a boost from American Water Works’s previous quarterly dividend of $0.46. American Water Works’s dividend payout ratio (DPR) is currently 60.61%.
Several hedge funds have recently made changes to their positions in AWK. Legal & General Group Plc boosted its stake in American Water Works by 6.1% in the 3rd quarter. Legal & General Group Plc now owns 1,906,604 shares of the utilities provider’s stock worth $167,696,000 after buying an additional 110,006 shares during the last quarter. Vanguard Group Inc boosted its stake in American Water Works by 2.3% in the 3rd quarter. Vanguard Group Inc now owns 19,220,656 shares of the utilities provider’s stock worth $1,690,841,000 after buying an additional 436,131 shares during the last quarter. Gateway Investment Advisers LLC boosted its stake in American Water Works by 20.7% in the 4th quarter. Gateway Investment Advisers LLC now owns 12,263 shares of the utilities provider’s stock worth $1,113,000 after buying an additional 2,101 shares during the last quarter. DNB Asset Management AS boosted its stake in American Water Works by 6.0% in the 4th quarter. DNB Asset Management AS now owns 29,848 shares of the utilities provider’s stock worth $2,709,000 after buying an additional 1,677 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in American Water Works in the 4th quarter worth about $328,000. Institutional investors and hedge funds own 85.47% of the company’s stock.
AWK has been the subject of several research analyst reports. Bank of America increased their price objective on American Water Works from $92.00 to $103.00 and gave the company a “neutral” rating in a report on Thursday, February 21st. Zacks Investment Research cut American Water Works from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Wells Fargo & Co reiterated a “buy” rating on shares of American Water Works in a research report on Wednesday, February 20th. Janney Montgomery Scott reiterated a “buy” rating and issued a $102.00 price objective on shares of American Water Works in a research report on Thursday, February 21st. Finally, Boenning Scattergood reiterated a “hold” rating on shares of American Water Works in a research report on Thursday, May 2nd. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. American Water Works has a consensus rating of “Buy” and an average target price of $109.67.
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About American Water Works
American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, such as food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities; and other utilities and community water and wastewater systems.
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