American Water Works (NYSE:AWK) insider Deborah A. Degillio sold 822 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $89.75, for a total transaction of $73,774.50. Following the transaction, the insider now owns 3,659 shares in the company, valued at approximately $328,395.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
American Water Works (NYSE AWK) opened at $88.74 on Friday. American Water Works has a 52-week low of $69.79 and a 52-week high of $90.49. The firm has a market cap of $15,829.00, a P/E ratio of 30.60, a PEG ratio of 3.89 and a beta of 0.25. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.47 and a current ratio of 0.49.
American Water Works (NYSE:AWK) last released its earnings results on Wednesday, November 1st. The utilities provider reported $1.08 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.08. American Water Works had a net margin of 15.82% and a return on equity of 9.69%. The firm had revenue of $936.00 million during the quarter, compared to the consensus estimate of $992.58 million. During the same period in the prior year, the firm earned $1.05 EPS. The company’s revenue was up .6% compared to the same quarter last year. sell-side analysts anticipate that American Water Works will post 3.01 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be given a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Thursday, November 9th. American Water Works’s dividend payout ratio is currently 56.27%.
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AWK has been the topic of several research reports. Zacks Investment Research upgraded shares of American Water Works from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. Wells Fargo & Company set a $89.00 price objective on shares of American Water Works and gave the company a “hold” rating in a report on Thursday, October 19th. BidaskClub upgraded shares of American Water Works from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Janney Montgomery Scott lowered shares of American Water Works from a “buy” rating to a “neutral” rating in a report on Friday, November 3rd. They noted that the move was a valuation call. Finally, Boenning Scattergood restated a “hold” rating on shares of American Water Works in a report on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. American Water Works currently has a consensus rating of “Hold” and an average target price of $85.63.
Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of American Water Works by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 18,185,767 shares of the utilities provider’s stock valued at $1,417,580,000 after acquiring an additional 465,748 shares during the period. Pictet Asset Management Ltd. boosted its holdings in American Water Works by 3.2% in the 2nd quarter. Pictet Asset Management Ltd. now owns 4,004,935 shares of the utilities provider’s stock worth $313,105,000 after buying an additional 125,587 shares during the period. Wells Fargo & Company MN boosted its holdings in American Water Works by 8.5% in the 3rd quarter. Wells Fargo & Company MN now owns 2,748,900 shares of the utilities provider’s stock worth $222,414,000 after buying an additional 216,451 shares during the period. Franklin Resources Inc. boosted its holdings in American Water Works by 0.5% in the 2nd quarter. Franklin Resources Inc. now owns 2,680,122 shares of the utilities provider’s stock worth $208,915,000 after buying an additional 12,280 shares during the period. Finally, Bessemer Group Inc. boosted its holdings in American Water Works by 0.6% in the 3rd quarter. Bessemer Group Inc. now owns 1,946,771 shares of the utilities provider’s stock worth $157,514,000 after buying an additional 11,197 shares during the period. 79.82% of the stock is owned by hedge funds and other institutional investors.
American Water Works Company Profile
American Water Works Company, Inc is a holding company for regulated and market-based subsidiaries throughout the United States and Ontario, Canada. The Company’s Regulated Businesses segment provides water and wastewater services as public utilities in 16 states in the United States as of December 31, 2016.
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