American Water Works (AWK) Trading Down 2.1%
American Water Works (NYSE:AWK) traded down 2.1% on Friday . The company traded as low as $78.20 and last traded at $78.46, with a volume of 1,840,504 shares changing hands. The stock had previously closed at $80.15.
AWK has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of American Water Works from a “sell” rating to a “hold” rating and set a $93.00 target price for the company in a research report on Friday, July 8th. Vetr upgraded shares of American Water Works from a “buy” rating to a “strong-buy” rating and set a $90.33 target price for the company in a research report on Thursday. Barclays PLC upped their target price on shares of American Water Works from $75.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, May 6th. Bank of America Corp. restated a “buy” rating on shares of American Water Works in a research report on Tuesday, May 24th. Finally, US Capital Advisors restated a “hold” rating on shares of American Water Works in a research report on Tuesday, April 19th. Eight investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $78.04.
The firm has a market capitalization of $13.96 billion and a price-to-earnings ratio of 28.62. The company’s 50 day moving average is $81.56 and its 200-day moving average is $72.71.
American Water Works (NYSE:AWK) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.04. The business had revenue of $827 million for the quarter, compared to the consensus estimate of $832.47 million. During the same period in the previous year, the business posted $0.68 earnings per share. American Water Works’s revenue was up 5.8% on a year-over-year basis. On average, equities research analysts predict that American Water Works will post $2.83 EPS for the current year.
The firm 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 10,000 shares of the firm’s stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $75.20, for a total transaction of $752,000.00. Following the completion of the transaction, the chief operating officer now directly owns 94,764 shares of the company’s stock, valued at approximately $7,126,252.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Deborah A. Degillio sold 1,866 shares of the firm’s stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $74.30, for a total transaction of $138,643.80. Following the transaction, the vice president now directly owns 3,145 shares of the company’s stock, valued at $233,673.50. The disclosure for this sale can be found here.
Several institutional investors have added to or reduced their stakes in AWK. Utah Retirement Systems increased its position in 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 last quarter. Victory Capital Management Inc. increased its position in 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 last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its position in 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 last quarter. Finally, Bank of Montreal Can increased its position in 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 last quarter.
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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