American Water Works (NYSE:AWK) declared a quarterly dividend on Tuesday, October 31st, RTT News reports. Stockholders of record on Friday, November 10th will be paid a dividend of 0.415 per share by the utilities provider on Friday, December 1st. This represents a $1.66 dividend on an annualized basis and a dividend yield of 1.89%.
American Water Works has raised its dividend by an average of 20.4% per year over the last three years and has raised its dividend annually for the last 8 consecutive years. American Water Works has a dividend payout ratio of 55.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect American Water Works to earn $3.26 per share next year, which means the company should continue to be able to cover its $1.66 annual dividend with an expected future payout ratio of 50.9%.
American Water Works (NYSE:AWK) opened at 87.76 on Wednesday. The stock’s 50 day moving average price is $84.02 and its 200-day moving average price is $80.76. American Water Works has a 12 month low of $69.41 and a 12 month high of $88.20. The firm has a market capitalization of $15.65 billion, a P/E ratio of 33.13 and a beta of 0.25.
American Water Works (NYSE:AWK) last released its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by ($0.07). The firm had revenue of $844.00 million for the quarter, compared to analysts’ expectations of $869.52 million. American Water Works had a return on equity of 9.70% and a net margin of 14.20%. American Water Works’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the firm posted $0.77 earnings per share. Equities analysts forecast that American Water Works will post $3.01 earnings per share for the current year.
Several research firms have recently issued reports on AWK. Bank of America Corporation began coverage on shares of American Water Works in a research report on Tuesday, October 24th. They set a “buy” rating and a $95.00 price objective for the company. Zacks Investment Research cut shares of American Water Works from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. Wells Fargo & Company set a $89.00 price objective on shares of American Water Works and gave the stock a “hold” rating in a research report on Thursday, October 19th. Robert W. Baird reaffirmed a “hold” rating and set a $82.00 price objective on shares of American Water Works in a research report on Sunday, October 1st. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of American Water Works in a research report on Friday, September 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. American Water Works has a consensus rating of “Hold” and a consensus target price of $85.01.
In related news, COO Walter Lynch sold 3,335 shares of the business’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $82.05, for a total value of $273,636.75. Following the completion of the sale, the chief operating officer now directly owns 94,702 shares of the company’s stock, valued at $7,770,299.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.34% of the stock is owned by insiders.
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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