American Water Works (AWK) Earning Somewhat Favorable Press Coverage, Study Finds
News headlines about American Water Works (NYSE:AWK) have been trending somewhat positive on Sunday, Accern reports. Accern scores the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. American Water Works earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned media coverage about the utilities provider an impact score of 46.1533167523806 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have effected Accern’s rankings:
- American Water Unit to Invest $1.5M for Replacing Old Mains – Nasdaq (nasdaq.com)
- Illinois American Water : Acquires Piasa Township Sanitary District; Reduces Customer Bills (4-traders.com)
- Illinois American Water’s Cairo District Celebrates 18 Years of Excellence in Safety – Business Wire (press release) (businesswire.com)
- American Water Works Company, Inc. (AWK)- Most Active Performers for the Day – NASDAQ Times (nasdaqtimes.com)
- ETFs with exposure to American Water Works Co., Inc. : September 15, 2017 (finance.yahoo.com)
Shares of American Water Works (AWK) opened at 82.68 on Friday. American Water Works has a one year low of $69.41 and a one year high of $83.06. The firm has a market cap of $14.74 billion, a P/E ratio of 31.21 and a beta of 0.25. The stock’s 50 day moving average is $81.51 and its 200-day moving average is $79.10.
American Water Works (NYSE:AWK) last announced its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, missing the 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 net margin of 14.20% and a return on equity of 9.70%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.77 EPS. Analysts anticipate that American Water Works will post $3.01 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Wednesday, August 9th were paid a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend was Monday, August 7th. American Water Works’s payout ratio is 62.64%.
AWK has been the topic of a number of research reports. BidaskClub lowered shares of American Water Works from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Zacks Investment Research upgraded shares of American Water Works from a “sell” rating to a “hold” rating in a report on Wednesday, May 31st. Vetr downgraded shares of American Water Works from a “buy” rating to a “hold” rating and set a $84.04 price target for the company. in a report on Wednesday, June 14th. Finally, Northcoast Research began coverage on shares of American Water Works in a report on Thursday, May 25th. They set a “neutral” rating for the company. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $82.86.
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In other American Water Works news, COO Walter Lynch sold 3,335 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $82.05, for a total transaction of $273,636.75. Following the transaction, the chief operating officer now owns 94,702 shares of the company’s stock, valued at $7,770,299.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.34% of the company’s stock.
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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