American Water Works (AWK) Hits New 12-Month High at $90.63
American Water Works (NYSE:AWK)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $90.63 and last traded at $89.52, with a volume of 682400 shares trading hands. The stock had previously closed at $88.74.
Several research firms have recently commented on AWK. Robert W. Baird reaffirmed a “hold” rating and issued a $82.00 target price on shares of American Water Works in a research report on Sunday, October 1st. BidaskClub cut American Water Works from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Boenning Scattergood reiterated a “hold” rating on shares of American Water Works in a research note on Friday, September 22nd. Bank of America Corporation started coverage on American Water Works in a research note on Tuesday, October 24th. They issued a “buy” rating and a $95.00 price target for the company. Finally, Zacks Investment Research cut American Water Works from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. American Water Works has an average rating of “Hold” and a consensus price target of $85.63.
The company has a debt-to-equity ratio of 1.21, a current ratio of 0.49 and a quick ratio of 0.47. The company has a market cap of $15,829.03, a P/E ratio of 30.60, a price-to-earnings-growth ratio of 3.89 and a beta of 0.25.
American Water Works (NYSE:AWK) last released its earnings results on Wednesday, November 1st. The utilities provider reported $1.08 earnings per share for the quarter, hitting the consensus estimate of $1.08. American Water Works had a return on equity of 9.69% and a net margin of 15.82%. The firm had revenue of $936.00 million during the quarter, compared to analysts’ expectations of $992.58 million. During the same period in the prior year, the company earned $1.05 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. sell-side analysts anticipate that American Water Works will post 3.01 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be paid a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Thursday, November 9th. American Water Works’s payout ratio is presently 56.27%.
In other news, COO Walter Lynch sold 3,335 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $82.05, for a total value of $273,636.75. Following the completion of the transaction, the chief operating officer now directly owns 94,702 shares in the company, valued at approximately $7,770,299.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael A. Sgro sold 841 shares of the stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $90.03, for a total value of $75,715.23. The disclosure for this sale can be found here. Insiders have sold 25,167 shares of company stock valued at $2,116,734 over the last 90 days. Corporate insiders own 0.34% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Vident Investment Advisory LLC bought a new position in shares of American Water Works in the 3rd quarter valued at $596,000. Chevy Chase Trust Holdings Inc. lifted its stake in shares of American Water Works by 1.2% in the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 157,622 shares of the utilities provider’s stock valued at $12,754,000 after acquiring an additional 1,924 shares during the last quarter. Cohen & Steers Inc. lifted its stake in shares of American Water Works by 8.7% in the 3rd quarter. Cohen & Steers Inc. now owns 1,704,908 shares of the utilities provider’s stock valued at $137,944,000 after acquiring an additional 136,144 shares during the last quarter. First Republic Investment Management Inc. lifted its stake in shares of American Water Works by 3.2% in the 3rd quarter. First Republic Investment Management Inc. now owns 35,820 shares of the utilities provider’s stock valued at $2,898,000 after acquiring an additional 1,116 shares during the last quarter. Finally, Psagot Investment House Ltd. bought a new position in shares of American Water Works in the 3rd quarter valued at $1,772,000. Institutional investors own 79.75% of the company’s stock.
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American Water Works Company Profile
American Water Works Company, Inc is a holding company for regulated and market-based subsidiaries throughout the United States and Ontario, Canada. The Company’s Regulated Businesses segment provides water and wastewater services as public utilities in 16 states in the United States as of December 31, 2016.
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