American Water Works Company Inc Announces Quarterly Dividend of $0.31 (AWK)
American Water Works Company (NYSE:AWK) announced a quarterly dividend on Wednesday, July 30th, StockRatingsNetwork.com reports. Investors of record on Monday, August 11th will be paid a dividend of 0.31 per share on Tuesday, September 2nd. This represents a $1.24 annualized dividend and a dividend yield of 2.55%.
A number of research firms have recently commented on AWK. Analysts at Janney Montgomery Scott reiterated a “fair value” rating on shares of American Water Works Company in a research note on Friday, May 30th. They now have a $54.00 price target on the stock, up previously from $50.00. On the ratings front, analysts at Boenning Scattergood raised their price target on shares of American Water Works Company from $47.00 to $53.00 in a research note on Wednesday, May 14th. They now have an “outperform” rating on the stock. Finally, analysts at Macquarie raised their price target on shares of American Water Works Company from $48.00 to $50.00 in a research note on Friday, May 9th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. American Water Works Company presently has a consensus rating of “Buy” and an average target price of $52.13.
Shares of American Water Works Company (NYSE:AWK) traded up 0.31% during mid-day trading on Wednesday, hitting $48.78. 63,446 shares of the company’s stock traded hands. American Water Works Company has a 1-year low of $39.05 and a 1-year high of $49.55. The stock has a 50-day moving average of $48.49 and a 200-day moving average of $45.83. The company has a market cap of $8.718 billion and a P/E ratio of 22.97.
American Water Works Company (NYSE:AWK) last announced its earnings results on Wednesday, May 7th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.05. The company had revenue of $681.90 million for the quarter, compared to the consensus estimate of $670.13 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, analysts predict that American Water Works Company will post $2.42 earnings per share for the current fiscal year.
American Water Works Company, Inc (NYSE:AWK) is a water and wastewater utility company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.