American Water Works (NYSE:AWK) announced a quarterly dividend on Friday, December 8th, RTT News reports. Shareholders of record on Wednesday, February 7th will be paid a dividend of 0.415 per share by the utilities provider on Thursday, March 1st. This represents a $1.66 dividend on an annualized basis and a yield of 1.82%.
American Water Works has increased its dividend by an average of 20.4% per year over the last three years and has raised its dividend annually for the last 8 consecutive years. American Water Works has a dividend payout ratio of 55.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect American Water Works to earn $3.27 per share next year, which means the company should continue to be able to cover its $1.66 annual dividend with an expected future payout ratio of 50.8%.
Shares of American Water Works (AWK) traded up $0.14 during mid-day trading on Friday, reaching $91.08. 515,800 shares of the company’s stock were exchanged, compared to its average volume of 848,671. 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 $16,250.00, a PE ratio of 31.36, a price-to-earnings-growth ratio of 3.99 and a beta of 0.27.
American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, November 1st. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.08. American Water Works had a net margin of 15.82% and a return on equity of 9.69%. The business had revenue of $936.00 million for the quarter, compared to analysts’ expectations of $992.58 million. During the same quarter in the previous year, the firm posted $1.05 EPS. The business’s revenue for the quarter was up .6% compared to the same quarter last year. analysts forecast that American Water Works will post 3.01 EPS for the current fiscal year.
A number of equities research analysts have issued reports on AWK shares. Zacks Investment Research cut shares of American Water Works from a “hold” rating to a “sell” rating in a report on Friday, October 20th. Robert W. Baird boosted their price target on shares of American Water Works from $82.00 to $87.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. 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. Janney Montgomery Scott lowered 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, Bank of America initiated 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. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. American Water Works currently has an average rating of “Hold” and a consensus price target of $85.63.
In related news, insider Deborah A. Degillio sold 822 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $89.75, for a total value of $73,774.50. Following the completion of the transaction, the insider now directly owns 3,659 shares in the company, valued at $328,395.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael A. Sgro sold 841 shares of the company’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $90.03, for a total transaction of $75,715.23. The disclosure for this sale can be found here. Insiders sold 6,856 shares of company stock valued at $616,700 over the last quarter. 0.34% of the stock is owned by company insiders.
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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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