American Water Works Company Inc (NYSE:AWK) was the target of some unusual options trading on Friday. Traders purchased 1,104 put options on the company. This represents an increase of 1,907% compared to the average daily volume of 55 put options.
American Water Works (AWK) opened at $82.22 on Wednesday. The firm has a market capitalization of $14,670.00, a P/E ratio of 27.87, a P/E/G ratio of 3.31 and a beta of 0.27. American Water Works has a 52-week low of $71.00 and a 52-week high of $92.37. 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 (NYSE:AWK) last issued its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $1.08 earnings per share for the quarter, hitting the consensus estimate of $1.08. The company had revenue of $936.00 million during the quarter, compared to analyst estimates of $992.58 million. American Water Works had a return on equity of 9.69% and a net margin of 15.82%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.05 earnings per share. analysts anticipate that American Water Works will post 3.01 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, February 7th will be given a $0.415 dividend. The ex-dividend date of this dividend is Tuesday, February 6th. This represents a $1.66 annualized dividend and a yield of 2.02%. American Water Works’s payout ratio is 56.27%.
AWK has been the subject of a number of analyst reports. Wells Fargo & Co set a $89.00 price target on American Water Works and gave the company a “hold” rating in a research report on Thursday, October 19th. Guggenheim lowered American Water Works from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 2nd. Zacks Investment Research upgraded American Water Works from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Argus upped their price target on American Water Works from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, December 29th. Finally, Robert W. Baird increased their price objective on American Water Works from $82.00 to $87.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $90.01.
In other news, COO Walter Lynch sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $89.95, for a total value of $449,750.00. Following the completion of the sale, the chief operating officer now directly owns 97,667 shares in the company, valued at $8,785,146.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael A. Sgro sold 841 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $90.03, for a total value 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 90 days. Company insiders own 0.34% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. Pinebridge Investments L.P. acquired a new position in American Water Works during the second quarter worth $118,000. Aviance Capital Management LLC acquired a new position in American Water Works during the second quarter worth $147,000. Northwestern Mutual Wealth Management Co. lifted its stake in American Water Works by 8.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,441 shares of the utilities provider’s stock worth $190,000 after purchasing an additional 197 shares in the last quarter. Evercore Wealth Management LLC lifted its stake in American Water Works by 8.2% during the second quarter. Evercore Wealth Management LLC now owns 2,500 shares of the utilities provider’s stock worth $195,000 after purchasing an additional 189 shares in the last quarter. Finally, WFG Advisors LP lifted its stake in American Water Works by 11.5% during the second quarter. WFG Advisors LP now owns 2,571 shares of the utilities provider’s stock worth $200,000 after purchasing an additional 265 shares in the last quarter. Institutional investors own 81.07% of the company’s stock.
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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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