American Water Works Company Inc (NYSE:AWK) SVP Maureen Duffy sold 4,659 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $149.80, for a total transaction of $697,918.20.
Shares of AWK stock traded down $0.68 during trading hours on Monday, reaching $149.11. 598,636 shares of the company were exchanged, compared to its average volume of 1,143,596. American Water Works Company Inc has a fifty-two week low of $92.00 and a fifty-two week high of $150.47. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.90 and a quick ratio of 0.87. The stock’s fifty day moving average is $137.07 and its two-hundred day moving average is $129.73. The company has a market cap of $27.02 billion, a price-to-earnings ratio of 42.36, a P/E/G ratio of 4.84 and a beta of 0.24.
American Water Works (NYSE:AWK) last posted its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.01. American Water Works had a return on equity of 10.79% and a net margin of 17.29%. On average, research analysts anticipate that American Water Works Company Inc will post 3.83 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Tuesday, August 11th. American Water Works’s dividend payout ratio is 60.94%.
A number of large investors have recently made changes to their positions in the business. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of American Water Works by 1.7% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 35,987 shares of the utilities provider’s stock valued at $4,303,000 after purchasing an additional 615 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its holdings in American Water Works by 10.2% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 35,032 shares of the utilities provider’s stock worth $4,188,000 after acquiring an additional 3,251 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of American Water Works by 8.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 199,329 shares of the utilities provider’s stock worth $23,831,000 after purchasing an additional 15,690 shares during the last quarter. State Street Corp grew its stake in shares of American Water Works by 2.4% during the first quarter. State Street Corp now owns 10,107,586 shares of the utilities provider’s stock worth $1,208,463,000 after purchasing an additional 241,164 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. increased its holdings in American Water Works by 4.2% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 100,490 shares of the utilities provider’s stock valued at $12,015,000 after purchasing an additional 4,017 shares during the last quarter. 84.01% of the stock is owned by hedge funds and other institutional investors.
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AWK has been the subject of a number of analyst reports. Cfra reduced their price target on American Water Works from $131.00 to $111.00 and set a “sell” rating for the company in a research report on Thursday, May 7th. Janney Montgomery Scott raised their price target on American Water Works to $153.00 and gave the company a “buy” rating in a research report on Friday. Barclays initiated coverage on shares of American Water Works in a research report on Wednesday, July 15th. They set an “equal weight” rating and a $138.00 target price on the stock. Zacks Investment Research downgraded American Water Works from a “buy” rating to a “hold” rating and set a $128.00 price objective for the company. in a research report on Tuesday, May 5th. Finally, Wells Fargo & Co reiterated a “hold” rating on shares of American Water Works in a research note on Thursday. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $135.75.
American Water Works Company Profile
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 serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, such as food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities; and other utilities and community water and wastewater systems.
Further Reading: Current Ratio
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