Shares of American Water Works Company, Inc. (NYSE:AWK – Get Free Report) hit a new 52-week high during mid-day trading on Thursday. The stock traded as high as $151.32 and last traded at $151.8980, with a volume of 82,201 shares traded. The stock had previously closed at $149.63.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on AWK. UBS Group lowered their target price on American Water Works from $162.00 to $153.00 and set a “buy” rating on the stock in a research note on Friday, October 16th. Truist Financial set a $139.00 price target on shares of American Water Works in a research note on Tuesday, August 4th. JPMorgan Chase & Co. increased their target price on American Water Works from $138.00 to $147.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Weiss Ratings raised American Water Works from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Finally, Mizuho set a $149.00 price objective on shares of American Water Works in a research report on Friday, October 30th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, American Water Works has an average rating of “Hold” and a consensus target price of $139.86.
Read Our Latest Stock Analysis on AWK
American Water Works Stock Up 2.4%
The stock has a 50 day moving average price of $136.16 and a 200 day moving average price of $132.67. The stock has a market capitalization of $30.49 billion, a price-to-earnings ratio of 26.52, a price-to-earnings-growth ratio of 2.98 and a beta of 0.56. The company has a quick ratio of 0.36, a current ratio of 0.39 and a debt-to-equity ratio of 1.17.
American Water Works (NYSE:AWK – Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The utilities provider reported $2.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.04 by ($0.04). The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.58 billion. American Water Works had a net margin of 21.26% and a return on equity of 10.14%. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.94 EPS. As a group, analysts forecast that American Water Works Company, Inc. will post 6.09 EPS for the current year.
American Water Works Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Thursday, November 12th will be issued a dividend of $0.8950 per share. This represents a $3.58 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Thursday, November 12th. American Water Works’s dividend payout ratio (DPR) is presently 62.05%.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Ascentis Independent Advisors bought a new position in shares of American Water Works in the first quarter worth $27,000. Harborfront Financial Group LLC purchased a new position in shares of American Water Works in the 2nd quarter worth about $29,000. Farmers & Merchants Investments Inc. boosted its holdings in shares of American Water Works by 73.1% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 232 shares of the utilities provider’s stock worth $30,000 after purchasing an additional 98 shares in the last quarter. Financial Management Professionals Inc. bought a new position in shares of American Water Works during the 3rd quarter valued at about $31,000. Finally, Global Assets Advisory LLC purchased a new position in shares of American Water Works during the 1st quarter valued at about $33,000. 86.58% of the stock is owned by institutional investors.
American Water Works Company Profile
American Water Works Company, Inc is a public water and wastewater utility that provides essential services to residential, commercial, industrial and institutional customers. Through its regulated businesses, the company supplies drinking water, collects and treats wastewater, and manages related infrastructure, including treatment plants, pipelines, storage facilities and customer service systems.
Founded in 1886, American Water has grown into one of the largest water and wastewater service providers in the United States.
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