American Water Works Target of Unusually Large Options Trading (AWK)

American Water Works Company Inc (NYSE:AWK) saw unusually large options trading activity on Friday. Stock traders purchased 1,104 put options on the stock. This is an increase of 1,907% compared to the typical daily volume of 55 put options.

American Water Works (AWK) opened at $80.83 on Monday. American Water Works has a 1-year low of $70.40 and a 1-year high of $92.37. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.49 and a quick ratio of 0.47. The company has a market cap of $14,418.05, a P/E ratio of 27.40, a P/E/G ratio of 3.32 and a beta of 0.27.

American Water Works (NYSE:AWK) last posted its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $1.08 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.08. American Water Works had a net margin of 15.82% and a return on equity of 9.69%. The firm had revenue of $936.00 million for the quarter, compared to analyst estimates of $992.58 million. During the same quarter last year, the firm posted $1.05 earnings per share. American Water Works’s revenue for the quarter was up .6% compared to the same quarter last year. equities analysts expect that American Water Works will post 3.01 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Wednesday, February 7th will be issued a $0.415 dividend. The ex-dividend date is Tuesday, February 6th. This represents a $1.66 annualized dividend and a yield of 2.05%. American Water Works’s payout ratio is 56.27%.

Several research analysts have recently weighed in on AWK shares. Wells Fargo & Co set a $89.00 price objective on shares of American Water Works and gave the stock a “hold” rating in a report on Thursday, October 19th. Guggenheim lowered shares of American Water Works from a “buy” rating to a “neutral” rating in a report on Tuesday, January 2nd. Zacks Investment Research upgraded shares of American Water Works from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. Argus increased their price objective on shares of American Water Works from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, December 29th. Finally, Robert W. Baird increased their price objective on shares of American Water Works from $82.00 to $87.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $90.01.

In other news, COO Walter Lynch sold 5,000 shares of the stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $89.95, for a total transaction of $449,750.00. Following the transaction, the chief operating officer now directly owns 97,667 shares in the company, valued at approximately $8,785,146.65. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Deborah A. Degillio sold 822 shares of the stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $89.75, for a total transaction of $73,774.50. Following the transaction, the insider now owns 3,659 shares in the company, valued at $328,395.25. The disclosure for this sale can be found here. Insiders have sold a total of 6,856 shares of company stock worth $616,700 over the last ninety days. 0.34% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Pinebridge Investments L.P. acquired a new stake in American Water Works in the second quarter valued at approximately $118,000. Aviance Capital Management LLC acquired a new stake in American Water Works in the second quarter valued at approximately $147,000. Northwestern Mutual Wealth Management Co. grew its position in American Water Works by 8.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,441 shares of the utilities provider’s stock valued at $190,000 after acquiring an additional 197 shares in the last quarter. Evercore Wealth Management LLC grew its position in American Water Works by 8.2% in the second quarter. Evercore Wealth Management LLC now owns 2,500 shares of the utilities provider’s stock valued at $195,000 after acquiring an additional 189 shares in the last quarter. Finally, WFG Advisors LP grew its position in American Water Works by 11.5% in the second quarter. WFG Advisors LP now owns 2,571 shares of the utilities provider’s stock valued at $200,000 after acquiring an additional 265 shares in the last quarter. Hedge funds and other institutional investors own 80.79% of the company’s stock.

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About American Water Works

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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