American Water Works (AWK) Sets New 12-Month High Following Dividend Announcement

American Water Works (NYSE:AWK) reached a new 52-week high during trading on Monday following a dividend announcement from the company. The stock traded as high as $92.27 and last traded at $92.25, with a volume of 1069828 shares trading hands. The stock had previously closed at $91.52.

The newly announced dividend which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 7th will be given a $0.415 dividend. This represents a $1.66 annualized dividend and a yield of 1.81%. The ex-dividend date is Tuesday, February 6th. American Water Works’s dividend payout ratio (DPR) is 56.27%.

Several analysts have issued reports on AWK shares. Zacks Investment Research downgraded shares of American Water Works from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. Robert W. Baird increased their price objective on shares of American Water Works from $82.00 to $87.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. Janney Montgomery Scott downgraded shares of American Water Works from a “buy” rating to a “neutral” rating in a research report on Friday, November 3rd. They noted that the move was a valuation call. Wells Fargo & Company set a $89.00 price objective on shares of American Water Works and gave the company a “hold” rating in a research report on Thursday, October 19th. Finally, Bank of America started coverage on shares of American Water Works in a research report on Tuesday, October 24th. They issued a “buy” rating and a $95.00 price objective for the company. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $85.63.

The company has a quick ratio of 0.47, a current ratio of 0.49 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $16,320.00, a PE ratio of 31.56, a price-to-earnings-growth ratio of 4.01 and a beta of 0.27.

American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $1.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.08. American Water Works had a net margin of 15.82% and a return on equity of 9.69%. The business had revenue of $936.00 million during the quarter, compared to the consensus estimate of $992.58 million. During the same quarter last year, the company earned $1.05 earnings per share. The business’s quarterly revenue was up .6% compared to the same quarter last year. sell-side analysts anticipate that American Water Works will post 3.01 EPS for the current year.

In related news, COO Walter Lynch sold 5,000 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $89.95, for a total transaction of $449,750.00. Following the transaction, the chief operating officer now directly owns 97,667 shares in the company, valued at $8,785,146.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael A. Sgro sold 841 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was 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 6,856 shares of company stock valued at $616,700 in the last three months. Corporate insiders own 0.34% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Whittier Trust Co. lifted its stake in American Water Works by 1.7% during the third quarter. Whittier Trust Co. now owns 213,681 shares of the utilities provider’s stock worth $17,287,000 after purchasing an additional 3,607 shares during the last quarter. Swiss National Bank lifted its stake in American Water Works by 3.1% in the second quarter. Swiss National Bank now owns 701,922 shares of the utilities provider’s stock valued at $54,715,000 after buying an additional 21,000 shares during the last quarter. Forsta AP Fonden lifted its stake in American Water Works by 17.5% in the third quarter. Forsta AP Fonden now owns 168,800 shares of the utilities provider’s stock valued at $13,658,000 after buying an additional 25,100 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in American Water Works by 9.4% in the second quarter. Ameriprise Financial Inc. now owns 1,103,953 shares of the utilities provider’s stock valued at $85,920,000 after buying an additional 95,303 shares during the last quarter. Finally, Scout Investments Inc. lifted its stake in American Water Works by 5.7% in the second quarter. Scout Investments Inc. now owns 520,340 shares of the utilities provider’s stock valued at $40,561,000 after buying an additional 28,279 shares during the last quarter. Hedge funds and other institutional investors own 81.11% of the company’s stock.

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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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