American Water Works Company Inc (NYSE:AWK) declared a quarterly dividend on Friday, December 7th, RTT News reports. Shareholders of record on Thursday, February 7th will be given a dividend of 0.455 per share by the utilities provider on Friday, March 1st. This represents a $1.82 annualized dividend and a yield of 1.86%.
American Water Works has raised its dividend by an average of 10.2% annually over the last three years and has raised its dividend every year for the last 9 years. American Water Works has a payout ratio of 55.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect American Water Works to earn $3.51 per share next year, which means the company should continue to be able to cover its $1.82 annual dividend with an expected future payout ratio of 51.9%.
AWK opened at $97.80 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.43 and a debt-to-equity ratio of 1.29. The stock has a market cap of $17.58 billion, a price-to-earnings ratio of 32.28, a P/E/G ratio of 3.78 and a beta of 0.12. American Water Works has a 52-week low of $76.04 and a 52-week high of $98.18.
American Water Works (NYSE:AWK) last posted its earnings results on Wednesday, October 31st. The utilities provider reported $1.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.04. The business had revenue of $976.00 million for the quarter, compared to analysts’ expectations of $946.35 million. American Water Works had a net margin of 13.31% and a return on equity of 10.57%. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.08 EPS. As a group, analysts expect that American Water Works will post 3.31 EPS for the current year.
Several research firms have issued reports on AWK. Zacks Investment Research upgraded shares of American Water Works from a “hold” rating to a “buy” rating and set a $109.00 target price on the stock in a research note on Friday. Robert W. Baird upgraded shares of American Water Works from a “neutral” rating to an “outperform” rating and set a $103.00 target price on the stock in a research note on Thursday. ValuEngine raised shares of American Water Works from a “hold” rating to a “buy” rating in a research report on Monday, September 17th. Finally, Evercore ISI began coverage on shares of American Water Works in a research report on Monday, September 17th. They set an “outperform” rating and a $96.00 price target for the company. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. American Water Works has an average rating of “Buy” and a consensus target price of $93.02.
In other news, COO Walter Lynch sold 5,000 shares of the company’s stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $91.69, for a total transaction of $458,450.00. Following the completion of the sale, the chief operating officer now owns 107,031 shares of the company’s stock, valued at approximately $9,813,672.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Karl F. Kurz bought 1,000 shares of American Water Works stock in a transaction that occurred on Tuesday, November 13th. The stock was purchased at an average cost of $91.30 per share, with a total value of $91,300.00. The disclosure for this purchase can be found here. 0.35% of the stock is owned by corporate insiders.
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About American Water Works
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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