American Water Works Company Director Richard R. Grigg Sells 1,981 Shares (AWK)
American Water Works Company (NYSE:AWK) Director Richard R. Grigg sold 1,981 shares of American Water Works Company stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $49.83, for a total value of $98,713.23. Following the transaction, the director now directly owns 16,744 shares in the company, valued at approximately $834,354. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of American Water Works Company (NYSE:AWK) traded up 0.74% on Tuesday, hitting $50.06. The stock had a trading volume of 297,908 shares. American Water Works Company has a 52-week low of $39.05 and a 52-week high of $50.16. The stock’s 50-day moving average is $48.37 and its 200-day moving average is $46.43. The company has a market cap of $8.955 billion and a price-to-earnings ratio of 23.00.
American Water Works Company (NYSE:AWK) last announced its earnings results 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 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. 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 2.50%. The ex-dividend date is Thursday, August 7th.
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 investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $51.75.
American Water Works Company, Inc (NYSE:AWK) is a water and wastewater utility company.
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