Insider Selling: Walter Lynch Sells 5,414 Shares of American Water Works Company Stock (AWK)
American Water Works Company (NYSE:AWK) Insider Walter Lynch sold 5,414 shares of American Water Works Company stock on the open market in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $50.10, for a total value of $271,241.40. Following the completion of the sale, the insider now directly owns 58,644 shares in the company, valued at approximately $2,938,064. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of American Water Works Company (NYSE:AWK) opened at 50.08 on Friday. American Water Works Company has a 52 week low of $39.05 and a 52 week high of $50.32. The stock’s 50-day moving average is $48.45 and its 200-day moving average is $46.54. The company has a market cap of $8.959 billion and a price-to-earnings ratio of 23.14.
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 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 declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Stockholders 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.
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 research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus 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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