American Water Works (AWK) Reaches New 52-Week High at $94.51

American Water Works Company Inc (NYSE:AWK) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $94.51 and last traded at $94.39, with a volume of 69092 shares trading hands. The stock had previously closed at $92.48.

A number of research analysts have issued reports on the stock. Evercore ISI assumed coverage on shares of American Water Works in a research note on Monday, September 17th. They set an “outperform” rating and a $96.00 price target on the stock. ValuEngine lowered shares of American Water Works from a “buy” rating to a “hold” rating in a research note on Tuesday, August 28th. Finally, Zacks Investment Research upgraded shares of American Water Works from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research note on Monday, November 26th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $90.92.

The company has a market capitalization of $17.23 billion, a price-to-earnings ratio of 28.82, a price-to-earnings-growth ratio of 3.71 and a beta of 0.10. The company has a current ratio of 0.46, a quick ratio of 0.43 and a debt-to-equity ratio of 1.29.

American Water Works (NYSE:AWK) last released its quarterly earnings data on Wednesday, October 31st. The utilities provider reported $1.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.04. American Water Works had a net margin of 13.31% and a return on equity of 10.57%. The firm had revenue of $976.00 million for the quarter, compared to analyst estimates of $946.35 million. During the same quarter in the prior year, the business earned $1.08 earnings per share. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. As a group, research analysts expect that American Water Works Company Inc will post 3.3 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 4th. Investors of record on Monday, November 12th will be issued a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Thursday, November 8th. American Water Works’s dividend payout ratio (DPR) is presently 60.07%.

In related news, COO Walter Lynch sold 5,000 shares of the stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $91.69, for a total transaction of $458,450.00. Following the sale, the chief operating officer now directly owns 107,031 shares of the company’s stock, valued at $9,813,672.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Karl F. Kurz purchased 1,000 shares of the stock in a transaction that occurred on Tuesday, November 13th. The shares were purchased at an average cost of $91.30 per share, for a total transaction of $91,300.00. The disclosure for this purchase can be found here. Corporate insiders own 0.35% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ingalls & Snyder LLC lifted its holdings in American Water Works by 1.8% during the third quarter. Ingalls & Snyder LLC now owns 33,768 shares of the utilities provider’s stock valued at $2,971,000 after purchasing an additional 600 shares in the last quarter. Utah Retirement Systems lifted its holdings in American Water Works by 1.8% during the third quarter. Utah Retirement Systems now owns 33,595 shares of the utilities provider’s stock valued at $2,956,000 after purchasing an additional 600 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in American Water Works by 1.2% during the third quarter. DekaBank Deutsche Girozentrale now owns 50,836 shares of the utilities provider’s stock valued at $4,527,000 after purchasing an additional 619 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in American Water Works by 3.3% during the second quarter. CIBC Asset Management Inc now owns 20,416 shares of the utilities provider’s stock valued at $1,743,000 after purchasing an additional 643 shares in the last quarter. Finally, Murphy Capital Management Inc. lifted its holdings in American Water Works by 4.0% during the third quarter. Murphy Capital Management Inc. now owns 17,530 shares of the utilities provider’s stock valued at $1,542,000 after purchasing an additional 675 shares in the last quarter. 82.85% of the stock is currently owned by hedge funds and other institutional investors.

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American Water Works Company Profile (NYSE:AWK)

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states. The company operates approximately 72 surface water treatment plants; 527 groundwater treatment plants; 8 combined treatment plants; 127 wastewater treatment plants; 50,382 miles of transmission, distribution, and collection mains and pipes; 1,103 groundwater wells; 1,428 water and wastewater pumping stations; 1,313 treated water storage facilities; and 80 dams.

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