American Water Works Company Director Sells $273,378 in Stock (AWK)
American Water Works Company (NYSE:AWK) Director William J. Marrazzo unloaded 5,660 shares of American Water Works Company stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $48.30, for a total transaction of $273,378.00. Following the completion of the sale, the director now directly owns 14,512 shares of the company’s stock, valued at approximately $700,930. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
American Water Works Company (NYSE:AWK) traded up 1.82% during mid-day trading on Thursday, hitting $49.24. The stock had a trading volume of 407,360 shares. American Water Works Company has a 52 week low of $39.05 and a 52 week high of $49.55. The stock has a 50-day moving average of $48.30 and a 200-day moving average of $46.23. The company has a market cap of $8.808 billion and a price-to-earnings ratio of 22.39.
American Water Works Company (NYSE:AWK) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.63 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.64 by $0.01. The company had revenue of $759.00 million for the quarter, compared to the consensus estimate of $780.41 million. During the same quarter in the prior year, the company posted $0.57 earnings per share. The company’s quarterly revenue was up 4.8% 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.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Investors of record on Monday, August 11th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.56%. The ex-dividend date is Thursday, August 7th.
AWK has been the subject of a number of recent research reports. Analysts at Credit Suisse raised their price target on shares of American Water Works Company from $45.00 to $49.00 in a research note on Friday, August 8th. They now have a “neutral” rating on the stock. 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. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. American Water Works Company presently has an average rating of “Buy” and a consensus price target of $51.75.
American Water Works Company, Inc (NYSE:AWK) is a water and wastewater utility company.
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