American Water Works (NYSE:AWK)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $82.93 and last traded at $82.94, with a volume of 149,990 shares traded. The stock had previously closed at $81.96.
A number of brokerages have recently issued reports on AWK. BidaskClub downgraded American Water Works from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Zacks Investment Research downgraded American Water Works from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Northcoast Research began coverage on American Water Works in a research note on Thursday, May 25th. They set a “neutral” rating for the company. Finally, Vetr downgraded American Water Works from a “buy” rating to a “hold” rating and set a $84.04 target price for the company. in a research note on Wednesday, June 14th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $82.86.
The firm has a 50 day moving average price of $81.39 and a 200-day moving average price of $78.98. The stock has a market cap of $14.57 billion, a price-to-earnings ratio of 30.86 and a beta of 0.25.
American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.07). The business had revenue of $844.00 million for the quarter, compared to the consensus estimate of $869.52 million. American Water Works had a net margin of 14.20% and a return on equity of 9.70%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the firm posted $0.77 EPS. On average, equities analysts expect that American Water Works will post $3.01 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Wednesday, August 9th were issued a dividend of $0.415 per share. The ex-dividend date of this dividend was Monday, August 7th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 2.03%. American Water Works’s dividend payout ratio (DPR) is presently 62.64%.
In related news, COO Walter Lynch sold 15,169 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $82.00, for a total transaction of $1,243,858.00. Following the sale, the chief operating officer now owns 111,171 shares of the company’s stock, valued at $9,116,022. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.34% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in the stock. Intl Fcstone Inc. bought a new stake in American Water Works during the second quarter worth approximately $950,000. Lord Abbett & CO. LLC raised its holdings in American Water Works by 33.1% during the second quarter. Lord Abbett & CO. LLC now owns 881,230 shares of the utilities provider’s stock worth $68,692,000 after purchasing an additional 219,357 shares in the last quarter. Atlantic Trust LLC raised its holdings in American Water Works by 2.1% during the second quarter. Atlantic Trust LLC now owns 2,705 shares of the utilities provider’s stock worth $211,000 after purchasing an additional 55 shares in the last quarter. WFG Advisors LP raised its holdings in American Water Works by 11.5% during the second quarter. WFG Advisors LP now owns 2,571 shares of the utilities provider’s stock worth $200,000 after purchasing an additional 265 shares in the last quarter. Finally, Toronto Dominion Bank raised its holdings in American Water Works by 25.5% during the second quarter. Toronto Dominion Bank now owns 60,364 shares of the utilities provider’s stock worth $4,705,000 after purchasing an additional 12,277 shares in the last quarter. 79.93% of the stock is currently owned by hedge funds and other institutional investors.
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About American Water Works
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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