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American Water Works Company (NYSE:AWK) Director Richard R. Grigg sold 1,981 shares of the stock on the open market in a transaction dated Monday, August 18th. The stock was sold at an average price of $49.83, for a total transaction of $98,713.23. Following the transaction, the director now directly owns 16,744 shares in the company, valued at approximately $834,354. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock 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 49.98 on Thursday. American Water Works Company has a 52-week low of $39.05 and a 52-week high of $50.32. The stock has a 50-day moving average of $48.41 and a 200-day moving average of $46.51. The company has a market cap of $8.941 billion and a price-to-earnings ratio of 23.08.

American Water Works Company (NYSE:AWK) last released its earnings data 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 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 2.48%. 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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