American Water Works (NYSE:AWK) Sets New 52-Week High at $135.12

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American Water Works Company Inc (NYSE:AWK) hit a new 52-week high on Thursday . The company traded as high as $135.12 and last traded at $134.72, with a volume of 6941 shares trading hands. The stock had previously closed at $134.05.

AWK has been the subject of a number of research reports. Wells Fargo & Co reiterated a “hold” rating on shares of American Water Works in a research note on Friday, December 6th. ValuEngine cut American Water Works from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Janney Montgomery Scott boosted their price objective on American Water Works from $121.00 to $153.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Zacks Investment Research cut American Water Works from a “buy” rating to a “hold” rating and set a $126.00 price objective for the company. in a research note on Monday, December 16th. Finally, Bank of America reiterated an “underperform” rating and issued a price objective (up previously from ) on shares of American Water Works in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. American Water Works has a consensus rating of “Hold” and an average target price of $132.00.

The company has a debt-to-equity ratio of 1.40, a current ratio of 0.54 and a quick ratio of 0.51. The company has a 50 day moving average price of $123.70 and a 200 day moving average price of $121.68. The firm has a market cap of $24.23 billion, a PE ratio of 38.68, a PEG ratio of 4.28 and a beta of 0.05.

American Water Works (NYSE:AWK) last released its quarterly earnings results on Wednesday, October 30th. The utilities provider reported $1.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.03. American Water Works had a return on equity of 10.77% and a net margin of 17.85%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the business earned $1.20 earnings per share. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, equities analysts anticipate that American Water Works Company Inc will post 3.62 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Friday, February 7th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Thursday, February 6th. American Water Works’s dividend payout ratio (DPR) is presently 60.61%.

Several institutional investors have recently added to or reduced their stakes in AWK. Orrstown Financial Services Inc. grew its holdings in American Water Works by 208.7% during the third quarter. Orrstown Financial Services Inc. now owns 318 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 215 shares during the period. NewSquare Capital LLC acquired a new position in American Water Works during the fourth quarter worth $42,000. CSat Investment Advisory L.P. grew its holdings in American Water Works by 149.3% during the second quarter. CSat Investment Advisory L.P. now owns 379 shares of the utilities provider’s stock worth $44,000 after acquiring an additional 227 shares during the period. River & Mercantile Asset Management LLP acquired a new position in American Water Works during the second quarter worth $50,000. Finally, Manchester Financial Inc. acquired a new position in American Water Works during the fourth quarter worth $56,000. Institutional investors and hedge funds own 83.82% of the company’s stock.

About American Water Works (NYSE:AWK)

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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