News stories about American Water Works (NYSE:AWK) have trended somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. American Water Works earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave news articles about the utilities provider an impact score of 47.3500821328893 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Edited Transcript of AWK earnings conference call or presentation 2-Nov-17 1:00pm GMT (finance.yahoo.com)
- California Water Service Group Holding (CWT) Ex-Dividend Date Scheduled for November 03, 2017 – Nasdaq (nasdaq.com)
- Thursday Sector Leaders: Utilities, Financial – Nasdaq (nasdaq.com)
- American Water Works’ (AWK) CEO Susan Story on Q3 2017 Results – Earnings Call Transcript – Seeking Alpha (seekingalpha.com)
- American Water Works (AWK) Q3 Earnings In Line, Narrows View – Nasdaq (nasdaq.com)
American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.08. The business had revenue of $936.00 million during the quarter, compared to the consensus estimate of $992.58 million. American Water Works had a return on equity of 9.79% and a net margin of 15.82%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.05 EPS.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 10th will be paid a dividend of $0.415 per share. The ex-dividend date is Thursday, November 9th. This represents a $1.66 dividend on an annualized basis and a yield of 1.86%. American Water Works’s dividend payout ratio (DPR) is currently 56.27%.
Several research analysts have recently weighed in on AWK shares. Zacks Investment Research raised American Water Works from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Wells Fargo & Company set a $89.00 price objective on American Water Works and gave the stock a “hold” rating in a research report on Thursday, October 19th. BidaskClub raised American Water Works from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Boenning Scattergood reaffirmed a “hold” rating on shares of American Water Works in a research report on Friday, September 22nd. Finally, Bank of America Corporation started coverage on 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. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $85.01.
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In other American Water Works news, COO Walter Lynch sold 3,335 shares of American Water Works stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $82.05, for a total transaction of $273,636.75. Following the completion of the transaction, the chief operating officer now owns 94,702 shares in the company, valued at approximately $7,770,299.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.34% of the stock is currently 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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