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American Water Works Company (NYSE:AWK) shares hit a new 52-week high during mid-day trading on Friday , AnalystRatingsNetwork.com reports. The stock traded as high as $50.10 and last traded at $50.03, with a volume of 692,571 shares changing hands. The stock had previously closed at $49.27.

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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $51.75.

The stock has a 50-day moving average of $48.32 and a 200-day moving average of $46.26. The company has a market cap of $8.935 billion and a P/E ratio of 22.81.

American Water Works Company (NYSE:AWK) last announced its earnings results on Wednesday, August 6th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.57 earnings per share. The company’s revenue for the quarter 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. Stockholders 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 2.52%. The ex-dividend date is Thursday, August 7th.

In other American Water Works Company news, Director William J. Marrazzo unloaded 5,660 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $48.30, for a total transaction of $273,378.00. The sale was disclosed in a document filed with the SEC, which is available at this link.

American Water Works Company, Inc (NYSE:AWK) is a water and wastewater utility company.

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