American Water Works Company Inc (NYSE:AWK) declared a quarterly dividend on Friday, December 7th, RTT News reports. Investors of record on Thursday, February 7th will be paid a dividend of 0.455 per share by the utilities provider on Friday, March 1st. This represents a $1.82 dividend on an annualized basis and a yield of 1.88%.
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% indicating that its dividend is sufficiently covered by earnings. Research analysts expect American Water Works to earn $3.51 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 51.9%.
American Water Works stock traded down $0.41 during trading on Friday, reaching $96.91. The stock had a trading volume of 320,366 shares, compared to its average volume of 858,633. American Water Works has a 52-week low of $76.04 and a 52-week high of $97.35. The company has a quick ratio of 0.43, a current ratio of 0.46 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $17.30 billion, a P/E ratio of 31.98, a P/E/G ratio of 3.72 and a beta of 0.12.
American Water Works (NYSE:AWK) last released its quarterly earnings data on Wednesday, October 31st. The utilities provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.04. American Water Works had a net margin of 13.31% and a return on equity of 10.57%. The company had revenue of $976.00 million for the quarter, compared to analysts’ expectations of $946.35 million. During the same quarter last year, the company earned $1.08 earnings per share. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, research analysts anticipate that American Water Works will post 3.31 earnings per share for the current fiscal year.
Several research firms have recently commented on AWK. Zacks Investment Research upgraded American Water Works from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a research note on Friday. Robert W. Baird raised American Water Works from a “neutral” rating to an “outperform” rating and set a $103.00 price target on the stock in a research report on Thursday. ValuEngine lowered American Water Works from a “buy” rating to a “hold” rating in a research report on Tuesday, August 28th. Finally, Evercore ISI started coverage on American Water Works in a research report on Monday, September 17th. They set an “outperform” rating and a $96.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $93.02.
In other American Water Works news, COO Walter Lynch sold 5,000 shares of the stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $91.69, for a total value of $458,450.00. Following the sale, the chief operating officer now directly owns 107,031 shares of the company’s stock, valued at $9,813,672.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Karl F. Kurz bought 1,000 shares of the company’s stock in a transaction on Tuesday, November 13th. The stock was bought at an average cost of $91.30 per share, for a total transaction of $91,300.00. The disclosure for this purchase can be found here. Corporate insiders own 0.35% of the company’s stock.
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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.
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