American Water Works (NYSE:AWK) updated its FY18 earnings guidance on Monday. The company provided EPS guidance of $3.22-3.32 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.30. American Water Works also updated its FY17 guidance to 3.00-3.06 EPS.
A number of research firms have issued reports on AWK. Janney Montgomery Scott downgraded American Water Works from a buy rating to a neutral rating in a research note on Friday, November 3rd. They noted that the move was a valuation call. Robert W. Baird lifted their price objective on American Water Works from $82.00 to $87.00 and gave the stock a neutral rating in a research note on Friday, November 3rd. Boenning Scattergood reaffirmed a hold rating on shares of American Water Works in a research note on Thursday, November 2nd. Bank of America began coverage on American Water Works in a research note on Tuesday, October 24th. They issued a buy rating and a $95.00 price objective on the stock. Finally, Zacks Investment Research downgraded American Water Works from a hold rating to a sell rating in a research note on Friday, October 20th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $85.63.
Shares of American Water Works (NYSE AWK) traded up $0.44 during trading on Monday, hitting $91.52. The stock had a trading volume of 610,300 shares, compared to its average volume of 847,665. The stock has a market cap of $16,320.00, a PE ratio of 31.56, a price-to-earnings-growth ratio of 4.01 and a beta of 0.27. The company has a current ratio of 0.49, a quick ratio of 0.47 and a debt-to-equity ratio of 1.21. American Water Works has a 12-month low of $69.96 and a 12-month high of $91.97.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 7th will be issued a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 1.81%. American Water Works’s dividend payout ratio (DPR) is 56.27%.
In related news, EVP Michael A. Sgro sold 841 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $90.03, for a total transaction of $75,715.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Deborah A. Degillio sold 822 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $89.75, for a total value of $73,774.50. Following the transaction, the insider now owns 3,659 shares of the company’s stock, valued at approximately $328,395.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,856 shares of company stock valued at $616,700. Company insiders own 0.34% of the company’s stock.
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American Water Works Company Profile
American Water Works Company, Inc is a holding company for regulated and market-based subsidiaries throughout the United States and Ontario, Canada. The Company’s Regulated Businesses segment provides water and wastewater services as public utilities in 16 states in the United States as of December 31, 2016.
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