American Water Works Company Insider Sells $271,241 in Stock (AWK)
American Water Works Company (NYSE:AWK) Insider Walter Lynch unloaded 5,414 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $50.10, for a total transaction of $271,241.40. Following the completion of the transaction, the insider now directly owns 58,644 shares in the company, valued at approximately $2,938,064. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of American Water Works Company (NYSE:AWK) traded up 0.02% on Wednesday, hitting $49.87. 156,254 shares of the company’s stock traded hands. American Water Works Company has a one year low of $39.05 and a one year high of $50.32. The stock’s 50-day moving average is $48.38 and its 200-day moving average is $46.48. The company has a market cap of $8.921 billion and a P/E ratio of 23.08.
American Water Works Company (NYSE:AWK) last issued its quarterly earnings data 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. Analysts expect that American Water Works Company will post $2.42 EPS for the current fiscal year.
The company also recently declared 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 2.49%. The ex-dividend date of this dividend is Thursday, August 7th.
A number of analysts have recently weighed in on AWK shares. 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. The stock presently has an average rating of “Buy” and a consensus target price of $51.75.
American Water Works Company, Inc (NYSE:AWK) is a water and wastewater utility company.
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