American Water Works (NYSE:AWK) SVP Loyd A. Warnock sold 193 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $90.47, for a total transaction of $17,460.71. Following the transaction, the senior vice president now directly owns 6,862 shares of the company’s stock, valued at approximately $620,805.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of American Water Works (NYSE:AWK) opened at $91.22 on Friday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.49 and a quick ratio of 0.47. American Water Works has a 1 year low of $69.96 and a 1 year high of $91.97. The company has a market cap of $16,270.00, a P/E ratio of 31.57, a price-to-earnings-growth ratio of 4.02 and a beta of 0.25.
American Water Works (NYSE:AWK) last posted its earnings results on Wednesday, November 1st. The utilities provider reported $1.08 EPS for the quarter, hitting analysts’ consensus estimates of $1.08. The business had revenue of $936.00 million during the quarter, compared to the consensus estimate of $992.58 million. American Water Works had a net margin of 15.82% and a return on equity of 9.69%. The firm’s revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.05 EPS. equities analysts expect that American Water Works will post 3.01 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 10th were paid a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a dividend yield of 1.82%. The ex-dividend date was Thursday, November 9th. American Water Works’s dividend payout ratio is presently 56.27%.
Several institutional investors have recently modified their holdings of AWK. Cornerstone Advisors Inc. boosted its stake in shares of American Water Works by 349.5% during the 2nd quarter. Cornerstone Advisors Inc. now owns 1,344 shares of the utilities provider’s stock worth $105,000 after acquiring an additional 1,045 shares during the last quarter. Pinebridge Investments L.P. purchased a new position in shares of American Water Works during the 2nd quarter valued at $118,000. Peddock Capital Advisors LLC purchased a new position in shares of American Water Works during the 2nd quarter valued at $131,000. Aviance Capital Management LLC purchased a new position in shares of American Water Works during the 2nd quarter valued at $147,000. Finally, Almanack Investment Partners LLC. purchased a new position in shares of American Water Works during the 2nd quarter valued at $154,000. Institutional investors and hedge funds own 80.99% of the company’s stock.
A number of brokerages have weighed in on AWK. Boenning Scattergood reaffirmed a “hold” rating on shares of American Water Works in a research note on Thursday, November 2nd. Robert W. Baird reissued a “hold” rating and set a $82.00 price target on shares of American Water Works in a research report on Sunday, October 1st. Bank of America assumed coverage on shares of American Water Works in a research report on Tuesday, October 24th. They set a “buy” rating and a $95.00 price target for the company. Janney Montgomery Scott downgraded shares of American Water Works from a “buy” rating to a “neutral” rating in a research report on Friday, November 3rd. They noted that the move was a valuation call. Finally, Wells Fargo & Company set a $89.00 price target on shares of American Water Works and gave the company a “hold” rating in a research report on Thursday, October 19th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. American Water Works currently has an average rating of “Hold” and a consensus price target of $85.63.
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About American Water Works
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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