American Water Works Company Inc (NYSE:AWK) has been given a consensus recommendation of “Buy” by the twelve brokerages that are currently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $89.57.
Several equities research analysts have weighed in on the company. Zacks Investment Research raised American Water Works from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research report on Monday, July 23rd. Evercore ISI began coverage on American Water Works in a research report on Monday, September 17th. They set an “outperform” rating and a $96.00 target price on the stock. Finally, ValuEngine upgraded American Water Works from a “hold” rating to a “buy” rating in a research report on Monday, September 17th.
In other news, SVP Loyd A. Warnock sold 10,520 shares of the firm’s stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $87.86, for a total transaction of $924,287.20. Following the sale, the senior vice president now directly owns 12,322 shares in the company, valued at approximately $1,082,610.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Walter Lynch sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $89.57, for a total value of $895,700.00. Following the sale, the chief operating officer now owns 112,031 shares in the company, valued at $10,034,616.67. The disclosure for this sale can be found here. Insiders have sold a total of 21,634 shares of company stock worth $1,918,888 over the last 90 days. Insiders own 0.35% of the company’s stock.
AWK traded up $0.72 during midday trading on Monday, hitting $89.61. 704,375 shares of the company were exchanged, compared to its average volume of 917,863. The company has a market capitalization of $16.27 billion, a P/E ratio of 29.57, a P/E/G ratio of 3.50 and a beta of 0.10. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.43 and a current ratio of 0.46. American Water Works has a 1-year low of $76.04 and a 1-year high of $92.79.
American Water Works (NYSE:AWK) last announced its quarterly earnings results on Wednesday, October 31st. The utilities provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.04. The company had revenue of $976.00 million for the quarter, compared to the consensus estimate of $946.35 million. American Water Works had a return on equity of 10.57% and a net margin of 13.31%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period last year, the firm earned $1.08 EPS. Analysts forecast that American Water Works will post 3.3 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 4th. Stockholders of record on Monday, November 12th will be given a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend is Thursday, November 8th. American Water Works’s dividend payout ratio (DPR) is presently 60.07%.
American Water Works Company Profile
American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states. The company operates approximately 72 surface water treatment plants; 527 groundwater treatment plants; 8 combined treatment plants; 127 wastewater treatment plants; 50,382 miles of transmission, distribution, and collection mains and pipes; 1,103 groundwater wells; 1,428 water and wastewater pumping stations; 1,313 treated water storage facilities; and 80 dams.
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