Melanie M. Kennedy Sells 843 Shares of American Water Works Company, Inc. (NYSE:AWK) Stock

American Water Works Company, Inc. (NYSE:AWKGet Free Report) EVP Melanie M. Kennedy sold 843 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $119.59, for a total transaction of $100,814.37. Following the completion of the sale, the executive vice president now owns 16,240 shares of the company’s stock, valued at approximately $1,942,141.60. The transaction was disclosed in a filing with the SEC, which is available through this link.

American Water Works Stock Performance

AWK traded up $2.02 during trading on Monday, hitting $121.70. 1,140,995 shares of the company traded hands, compared to its average volume of 1,360,347. The firm has a market cap of $23.70 billion, a P/E ratio of 24.47, a price-to-earnings-growth ratio of 2.95 and a beta of 0.63. The stock’s fifty day moving average is $125.82 and its 200 day moving average is $128.16. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.20. American Water Works Company, Inc. has a one year low of $114.25 and a one year high of $153.43.

American Water Works (NYSE:AWKGet Free Report) last posted its quarterly earnings results on Thursday, February 15th. The utilities provider reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.04. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. American Water Works had a net margin of 22.30% and a return on equity of 9.70%. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.81 earnings per share. As a group, equities analysts predict that American Water Works Company, Inc. will post 5.23 EPS for the current fiscal year.

American Water Works Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Thursday, February 8th were given a dividend of $0.7075 per share. The ex-dividend date was Wednesday, February 7th. This represents a $2.83 annualized dividend and a yield of 2.33%. American Water Works’s payout ratio is currently 57.87%.

Hedge Funds Weigh In On American Water Works

Institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its holdings in American Water Works by 5.1% during the first quarter. Dimensional Fund Advisors LP now owns 623,854 shares of the utilities provider’s stock valued at $103,268,000 after purchasing an additional 30,316 shares during the last quarter. Aviva PLC lifted its holdings in American Water Works by 33.1% during the first quarter. Aviva PLC now owns 78,509 shares of the utilities provider’s stock valued at $12,996,000 after purchasing an additional 19,512 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in American Water Works by 53.1% during the first quarter. Sequoia Financial Advisors LLC now owns 2,079 shares of the utilities provider’s stock valued at $344,000 after purchasing an additional 721 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of American Water Works by 2.0% in the first quarter. Vanguard Group Inc. now owns 21,960,717 shares of the utilities provider’s stock worth $3,635,157,000 after buying an additional 434,737 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its position in American Water Works by 21.9% during the first quarter. Brown Brothers Harriman & Co. now owns 2,186 shares of the utilities provider’s stock valued at $362,000 after acquiring an additional 392 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Wall Street Analysts Forecast Growth

AWK has been the subject of several recent analyst reports. Mizuho upped their target price on shares of American Water Works from $134.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, November 7th. Evercore ISI lowered shares of American Water Works from an “outperform” rating to an “in-line” rating and reduced their target price for the stock from $160.00 to $135.00 in a research note on Friday, February 16th.

Check Out Our Latest Stock Report on American Water Works

About American Water Works

(Get Free Report)

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.5 million active customers. The company serves residential customers; commercial customers, including food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities, such as schools and universities; and other utilities and community water and wastewater systems.

Further Reading

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