American Water Works (NYSE:AWK)’s share price was down 2.1% on Friday . The stock traded as low as $78.20 and last traded at $78.46, with a volume of 1,840,504 shares trading hands. The stock had previously closed at $80.15.

Several equities analysts have recently weighed in on AWK shares. US Capital Advisors reissued a “hold” rating on shares of American Water Works in a report on Tuesday, April 19th. Barclays PLC increased their price target on American Water Works from $75.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, May 6th. Bank of America Corp. reissued a “buy” rating on shares of American Water Works in a report on Tuesday, May 24th. Boenning Scattergood cut American Water Works from an “outperform” rating to a “neutral” rating in a report on Monday, June 6th. Finally, Argus started coverage on American Water Works in a report on Friday, June 24th. They set a “buy” rating and a $88.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $78.04.

The stock has a 50 day moving average price of $81.56 and a 200 day moving average price of $72.71. The firm has a market capitalization of $13.95 billion and a price-to-earnings ratio of 29.49.

American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.04. The firm earned $827 million during the quarter, compared to analysts’ expectations of $832.47 million. During the same period in the prior year, the firm posted $0.68 earnings per share. American Water Works’s revenue for the quarter was up 5.8% compared to the same quarter last year. Equities research analysts expect that American Water Works will post $2.83 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Monday, August 8th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Thursday, August 4th.

In other news, COO Walter Lynch sold 37,995 shares of the business’s stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $74.39, for a total transaction of $2,826,448.05. Following the sale, the chief operating officer now directly owns 102,759 shares of the company’s stock, valued at $7,644,242.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Loyd A. Warnock sold 483 shares of the business’s stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $74.48, for a total transaction of $35,973.84. Following the sale, the senior vice president now directly owns 8,403 shares in the company, valued at $625,855.44. The disclosure for this sale can be found here.

Several large investors recently made changes to their positions in the stock. Utah Retirement Systems raised its stake in shares of American Water Works by 0.6% in the fourth quarter. Utah Retirement Systems now owns 32,295 shares of the company’s stock worth $1,929,000 after buying an additional 200 shares during the period. Victory Capital Management Inc. raised its stake in shares of American Water Works by 2.4% in the fourth quarter. Victory Capital Management Inc. now owns 18,267 shares of the company’s stock worth $1,091,000 after buying an additional 422 shares during the period. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its stake in shares of American Water Works by 9.4% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 23,147 shares of the company’s stock worth $1,383,000 after buying an additional 1,980 shares during the period. Bank of Montreal Can raised its stake in shares of American Water Works by 9.4% in the fourth quarter. Bank of Montreal Can now owns 223,744 shares of the company’s stock worth $13,368,000 after buying an additional 19,162 shares during the period. Finally, Morgan Stanley raised its stake in shares of American Water Works by 19.1% in the fourth quarter. Morgan Stanley now owns 1,386,164 shares of the company’s stock worth $82,823,000 after buying an additional 222,749 shares during the period.

American Water Works Company, Inc is a holding company. The Company is a water and wastewater utility company. The Company operates through two segments: the Regulated Businesses and the Market-Based Businesses. Its Regulated Businesses segment involves the ownership of subsidiaries that provide water and wastewater utility services to residential, commercial, industrial and other customers, including sale for resale and public authority customers.

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