American Water Works Company Inc (NYSE:AWK) declared a quarterly dividend on Friday, April 21st. Investors of record on Friday, May 5th will be paid a dividend of 0.415 per share by the utilities provider on Thursday, June 1st. This represents a $1.66 dividend on an annualized basis and a dividend yield of 2.10%. This is an increase from American Water Works Company’s previous quarterly dividend of $0.38.
American Water Works Company has increased its dividend by an average of 20.4% per year over the last three years and has raised its dividend every year for the last 8 years. American Water Works Company has a dividend payout ratio of 49.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect American Water Works Company to earn $3.28 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 45.7%.
Shares of American Water Works Company (NYSE:AWK) traded up 1.69% during trading on Friday, hitting $80.51. 1,208,463 shares of the company were exchanged. American Water Works Company has a 12 month low of $68.40 and a 12 month high of $85.24. The stock has a market cap of $14.35 billion, a P/E ratio of 30.73 and a beta of 0.19. The company’s 50-day moving average price is $77.32 and its 200 day moving average price is $73.80.
American Water Works Company (NYSE:AWK) last posted its quarterly earnings results on Tuesday, February 21st. The utilities provider reported $0.57 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.57. American Water Works Company had a net margin of 14.19% and a return on equity of 9.85%. The business earned $802 million during the quarter, compared to analyst estimates of $820.46 million. During the same period in the previous year, the business posted $0.55 EPS. The company’s quarterly revenue was up 2.4% on a year-over-year basis. On average, equities analysts predict that American Water Works Company will post $3.05 earnings per share for the current fiscal year.
In other American Water Works Company news, SVP Mark F. Strauss sold 13,011 shares of the business’s stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $77.57, for a total transaction of $1,009,263.27. Following the completion of the transaction, the senior vice president now directly owns 48,135 shares of the company’s stock, valued at approximately $3,733,831.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.32% of the company’s stock.
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Several research analysts have recently commented on the stock. Macquarie assumed coverage on shares of American Water Works Company in a report on Wednesday, January 18th. They issued a “neutral” rating for the company. Vetr lowered shares of American Water Works Company from a “strong-buy” rating to a “buy” rating and set a $82.00 price target for the company. in a report on Tuesday, January 31st. Zacks Investment Research lowered shares of American Water Works Company from a “buy” rating to a “hold” rating in a report on Wednesday, March 15th. HSBC Holdings plc lowered shares of American Water Works Company from a “buy” rating to a “hold” rating and set a $79.00 price target for the company. in a report on Wednesday, March 15th. Finally, Hilliard Lyons raised shares of American Water Works Company from a “neutral” rating to a “buy” rating and set a $84.00 price target for the company in a report on Tuesday, January 17th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $82.09.
American Water Works Company Company Profile
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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