American Water Works Company Inc (NYSE:AWK) announced a quarterly dividend on Thursday, July 30th, Wall Street Journal reports. Stockholders of record on Wednesday, August 12th will be given a dividend of 0.55 per share by the utilities provider on Tuesday, September 1st. This represents a $2.20 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Tuesday, August 11th.
American Water Works has raised its dividend by an average of 33.5% annually over the last three years and has raised its dividend annually for the last 11 consecutive years. American Water Works has a dividend payout ratio of 57.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect American Water Works to earn $4.23 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 52.0%.
Shares of NYSE AWK opened at $147.27 on Friday. American Water Works has a 1 year low of $92.00 and a 1 year high of $148.51. The firm’s 50 day moving average price is $133.14 and its 200 day moving average price is $128.68. The firm has a market cap of $26.54 billion, a P/E ratio of 42.20, a price-to-earnings-growth ratio of 4.73 and a beta of 0.20. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.63 and a current ratio of 0.65.
American Water Works (NYSE:AWK) last announced its earnings results on Wednesday, May 6th. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.02. American Water Works had a net margin of 17.36% and a return on equity of 10.82%. The firm had revenue of $844.00 million for the quarter, compared to analyst estimates of $837.39 million. During the same quarter last year, the business earned $0.61 earnings per share. American Water Works’s revenue was up 3.8% compared to the same quarter last year. As a group, equities analysts predict that American Water Works will post 3.84 EPS for the current year.
AWK has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of American Water Works from a “buy” rating to a “hold” rating and set a $128.00 target price on the stock. in a research report on Tuesday, May 5th. Barclays initiated coverage on shares of American Water Works in a research report on Wednesday, July 15th. They set an “equal weight” rating and a $138.00 target price on the stock. Seaport Global Securities initiated coverage on shares of American Water Works in a report on Wednesday, May 20th. They issued a “buy” rating and a $130.00 price target on the stock. UBS Group lifted their price target on shares of American Water Works from $127.00 to $139.00 and gave the company a “neutral” rating in a report on Friday, June 5th. Finally, Cfra decreased their price target on shares of American Water Works from $131.00 to $111.00 and set a “sell” rating on the stock in a report on Thursday, May 7th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $135.75.
In other American Water Works news, Director Lloyd M. Yates bought 2,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average price of $115.95 per share, with a total value of $231,900.00. Following the purchase, the director now owns 4,100 shares in the company, valued at approximately $475,395. The purchase was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.30% of the company’s stock.
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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