Insider Selling: American Water Works Company Inc (AWK) COO Sells 18,545 Shares of Stock

American Water Works Company Inc (NYSE:AWK) COO Walter Lynch sold 18,545 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $111.15, for a total transaction of $2,061,276.75. Following the completion of the sale, the chief operating officer now owns 118,583 shares in the company, valued at approximately $13,180,500.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of NYSE AWK opened at $112.04 on Friday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.30 and a current ratio of 0.32. The stock has a market cap of $20.07 billion, a PE ratio of 33.95, a price-to-earnings-growth ratio of 3.82 and a beta of 0.25. American Water Works Company Inc has a 12-month low of $77.73 and a 12-month high of $112.52.

American Water Works (NYSE:AWK) last announced its earnings results on Wednesday, May 1st. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.02). The business had revenue of $813.00 million for the quarter, compared to analysts’ expectations of $792.73 million. American Water Works had a net margin of 16.44% and a return on equity of 10.25%. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.59 earnings per share. As a group, sell-side analysts expect that American Water Works Company Inc will post 3.6 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Monday, May 13th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.79%. This is a boost from American Water Works’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, May 10th. American Water Works’s dividend payout ratio is currently 60.61%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Barrett Asset Management LLC purchased a new stake in American Water Works in the 1st quarter worth about $25,000. Larson Financial Group LLC purchased a new stake in American Water Works in the 4th quarter worth about $28,000. Citizens Financial Group Inc RI purchased a new stake in American Water Works in the 1st quarter worth about $30,000. Ruggie Capital Group purchased a new stake in American Water Works in the 4th quarter worth about $31,000. Finally, Capital Financial Planning LLC purchased a new stake in American Water Works in the 4th quarter worth about $31,000. Hedge funds and other institutional investors own 85.47% of the company’s stock.

Several analysts have commented on AWK shares. Bank of America boosted their price target on shares of American Water Works from $92.00 to $103.00 and gave the stock a “neutral” rating in a research note on Thursday, February 21st. Zacks Investment Research cut shares of American Water Works from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Wells Fargo & Co restated a “buy” rating on shares of American Water Works in a research report on Wednesday, February 20th. Janney Montgomery Scott restated a “buy” rating and set a $102.00 target price on shares of American Water Works in a research report on Thursday, February 21st. Finally, Boenning Scattergood restated a “hold” rating on shares of American Water Works in a research report on Thursday, May 2nd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $109.67.

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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 serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, such as food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities; and other utilities and community water and wastewater systems.

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