American Water Works Company Reaches New 12-Month High at $50.39 (AWK)
American Water Works Company (NYSE:AWK)’s share price hit a new 52-week high during trading on Wednesday , AnalystRatings.NET reports. The stock traded as high as $50.39 and last traded at $50.17, with a volume of 258,747 shares traded. The stock had previously closed at $49.63.
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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $51.75.
The stock has a 50-day moving average of $48.57 and a 200-day moving average of $46.77. The company has a market cap of $8.980 billion and a P/E ratio of 22.98.
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. 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 2.50%. The ex-dividend date of this dividend is Thursday, August 7th.
In other American Water Works Company news, Director George Mackenzie sold 1,000 shares of American Water Works Company stock on the open market in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $49.89, for a total value of $49,890.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
American Water Works Company, Inc (NYSE:AWK) is a water and wastewater utility company.
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