American Water Works Company Inc (NYSE:AWK) EVP Michael A. Sgro sold 6,680 shares of American Water Works stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $110.93, for a total transaction of $741,012.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
NYSE AWK traded up $0.87 on Friday, hitting $112.04. The company had a trading volume of 936,910 shares, compared to its average volume of 1,014,533. The firm has a market cap of $19.90 billion, a PE ratio of 33.95, a PEG ratio of 3.79 and a beta of 0.25. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.30 and a current ratio of 0.32. American Water Works Company Inc has a 12-month low of $77.73 and a 12-month high of $112.52.
American Water Works (NYSE:AWK) last issued its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $0.61 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.02). The company had revenue of $813.00 million during the quarter, compared to analysts’ expectations of $792.73 million. American Water Works had a return on equity of 10.25% and a net margin of 16.44%. American Water Works’s revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.59 EPS. On average, equities analysts predict that American Water Works Company Inc will post 3.6 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Monday, May 13th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Friday, May 10th. This is a boost from American Water Works’s previous quarterly dividend of $0.46. American Water Works’s payout ratio is 60.61%.
Several research firms have recently weighed in on AWK. Janney Montgomery Scott reaffirmed a “buy” rating and set a $121.00 target price (up from $102.00) on shares of American Water Works in a report on Thursday, May 2nd. Wells Fargo & Co lowered shares of American Water Works from an “outperform” rating to a “market perform” rating and set a $111.00 price target for the company. in a report on Tuesday, March 26th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of American Water Works from a “buy” rating to a “hold” rating in a report on Monday. Boenning Scattergood reissued a “hold” rating on shares of American Water Works in a report on Thursday, May 2nd. Finally, Bank of America boosted their price target on shares of American Water Works from $92.00 to $103.00 and gave the stock a “neutral” rating in a report on Thursday, February 21st. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $109.67.
Institutional investors and hedge funds have recently made changes to their positions in the business. Hancock Whitney Corp boosted its stake in American Water Works by 15.7% during the 4th quarter. Hancock Whitney Corp now owns 3,749 shares of the utilities provider’s stock worth $340,000 after purchasing an additional 510 shares during the last quarter. Wetherby Asset Management Inc. boosted its position in shares of American Water Works by 2.6% during the 4th quarter. Wetherby Asset Management Inc. now owns 13,151 shares of the utilities provider’s stock valued at $1,194,000 after acquiring an additional 334 shares during the last quarter. Vanguard Group Inc boosted its position in shares of American Water Works by 2.3% during the 3rd quarter. Vanguard Group Inc now owns 19,220,656 shares of the utilities provider’s stock valued at $1,690,841,000 after acquiring an additional 436,131 shares during the last quarter. National Pension Service boosted its position in shares of American Water Works by 4.7% during the 4th quarter. National Pension Service now owns 205,909 shares of the utilities provider’s stock valued at $20,025,000 after acquiring an additional 9,232 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of American Water Works by 74.5% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 42,786 shares of the utilities provider’s stock valued at $3,813,000 after acquiring an additional 18,269 shares during the last quarter. 85.47% of the stock is currently owned by institutional investors.
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 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.
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