American Water Works Company Inc (NYSE:AWK) announced a quarterly dividend on Tuesday, October 30th, RTT News reports. Investors of record on Monday, November 12th will be given a dividend of 0.455 per share by the utilities provider on Tuesday, December 4th. This represents a $1.82 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Thursday, November 8th.
American Water Works has raised its dividend payment by an average of 10.2% annually over the last three years and has raised its dividend every year for the last 9 years. American Water Works has a payout ratio of 55.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect American Water Works to earn $3.52 per share next year, which means the company should continue to be able to cover its $1.82 annual dividend with an expected future payout ratio of 51.7%.
Shares of American Water Works stock opened at $87.38 on Friday. The company has a current ratio of 0.28, a quick ratio of 0.27 and a debt-to-equity ratio of 1.11. The stock has a market cap of $15.98 billion, a price-to-earnings ratio of 28.84, a PEG ratio of 3.46 and a beta of 0.10. American Water Works has a 1-year low of $76.04 and a 1-year high of $92.79.
American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, October 31st. The utilities provider reported $1.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.04. The firm had revenue of $976.00 million for the quarter, compared to analysts’ expectations of $946.35 million. American Water Works had a net margin of 13.31% and a return on equity of 10.73%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.08 earnings per share. As a group, equities analysts anticipate that American Water Works will post 3.29 EPS for the current year.
Several analysts have weighed in on AWK shares. Zacks Investment Research raised shares of American Water Works from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a research note on Monday, July 23rd. ValuEngine raised shares of American Water Works from a “hold” rating to a “buy” rating in a research note on Monday, September 17th. Finally, Evercore ISI started coverage on shares of American Water Works in a research note on Monday, September 17th. They set an “outperform” rating and a $96.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. American Water Works currently has an average rating of “Buy” and an average target price of $90.42.
In other news, COO Walter Lynch sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $89.57, for a total transaction of $895,700.00. Following the transaction, the chief operating officer now directly owns 112,031 shares in the company, valued at $10,034,616.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Melanie M. Kennedy sold 1,114 shares of the company’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $88.78, for a total transaction of $98,900.92. The disclosure for this sale can be found here. Insiders have sold 21,634 shares of company stock worth $1,918,888 over the last ninety days. Insiders own 0.35% of the company’s stock.
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. The company operates approximately 72 surface water treatment plants; 527 groundwater treatment plants; 8 combined treatment plants; 127 wastewater treatment plants; 50,382 miles of transmission, distribution, and collection mains and pipes; 1,103 groundwater wells; 1,428 water and wastewater pumping stations; 1,313 treated water storage facilities; and 80 dams.
Recommended Story: Bear Market – How and Why They Occur
Receive News & Ratings for American Water Works Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Water Works and related companies with MarketBeat.com's FREE daily email newsletter.