Insider Selling: American Water Works Company Director Sells 5,660 Shares of Stock (AWK)
American Water Works Company (NYSE:AWK) 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 value of $273,378.00. Following the completion of the transaction, the director now directly owns 14,512 shares of the company’s stock, valued at approximately $700,930. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on AWK. 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 analysts have rated the stock with a hold rating and four have issued a buy rating to the company. American Water Works Company currently has a consensus rating of “Buy” and an average target price of $51.75.
Shares of American Water Works Company (NYSE:AWK) opened at 49.91 on Monday. American Water Works Company has a one year low of $39.05 and a one year high of $50.15. The stock’s 50-day moving average is $48.35 and its 200-day moving average is $46.32. The company has a market cap of $8.928 billion and a price-to-earnings ratio of 22.81.
American Water Works Company (NYSE:AWK) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.63 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.57 earnings per share. American Water Works Company’s revenue was up 4.8% compared to the same quarter last year. Analysts expect that American Water Works Company will post $2.42 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Shareholders of record on Monday, August 11th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Thursday, August 7th.
American Water Works Company, Inc (NYSE:AWK) is a water and wastewater utility company.
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