American Water Works (NYSE:AWK) COO Walter Lynch sold 3,335 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $82.05, for a total transaction of $273,636.75. Following the sale, the chief operating officer now directly owns 94,702 shares of the company’s stock, valued at approximately $7,770,299.10. The sale was disclosed in a filing with the SEC, which is available at this link.

Walter Lynch also recently made the following trade(s):

  • On Monday, August 21st, Walter Lynch sold 15,169 shares of American Water Works stock. The shares were sold at an average price of $82.00, for a total transaction of $1,243,858.00.

American Water Works (NYSE AWK) opened at 80.90 on Friday. The firm has a market capitalization of $14.42 billion, a price-to-earnings ratio of 30.54 and a beta of 0.25. American Water Works has a one year low of $69.41 and a one year high of $82.89. The stock has a 50 day moving average of $81.06 and a 200 day moving average of $78.58.

American Water Works (NYSE:AWK) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.80 by $0.07. American Water Works had a net margin of 14.20% and a return on equity of 9.70%. The company had revenue of $844 million during the quarter, compared to analysts’ expectations of $869.52 million. During the same quarter in the previous year, the firm posted $0.77 earnings per share. American Water Works’s revenue for the quarter was up 2.1% compared to the same quarter last year. Analysts forecast that American Water Works will post $3.01 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Wednesday, August 9th will be issued a $0.415 dividend. The ex-dividend date is Monday, August 7th. This represents a $1.66 dividend on an annualized basis and a yield of 2.05%. American Water Works’s payout ratio is 62.64%.

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Several equities analysts have weighed in on AWK shares. Northcoast Research started coverage on shares of American Water Works in a report on Thursday, May 25th. They issued a “neutral” rating on the stock. Zacks Investment Research upgraded shares of American Water Works from a “sell” rating to a “hold” rating in a report on Wednesday, May 31st. Vetr lowered shares of American Water Works from a “buy” rating to a “hold” rating and set a $84.04 target price on the stock. in a report on Wednesday, June 14th. Finally, BidaskClub upgraded shares of American Water Works from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. American Water Works presently has an average rating of “Hold” and an average price target of $82.63.

A number of large investors have recently added to or reduced their stakes in AWK. Cornerstone Advisors Inc. increased its stake in American Water Works by 349.5% in the second quarter. Cornerstone Advisors Inc. now owns 1,344 shares of the utilities provider’s stock worth $105,000 after buying an additional 1,045 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of American Water Works by 24.7% in the first quarter. Parallel Advisors LLC now owns 1,482 shares of the utilities provider’s stock worth $115,000 after buying an additional 294 shares during the period. Pinebridge Investments L.P. acquired a new position in shares of American Water Works during the second quarter worth $118,000. Van ECK Associates Corp boosted its position in shares of American Water Works by 18.0% in the first quarter. Van ECK Associates Corp now owns 1,548 shares of the utilities provider’s stock worth $120,000 after buying an additional 236 shares during the period. Finally, Peddock Capital Advisors LLC acquired a new position in shares of American Water Works during the second quarter worth $131,000. Hedge funds and other institutional investors own 79.96% of the company’s stock.

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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