American Water Works (NYSE:AWK – Get Rating) issued its quarterly earnings data on Wednesday. The utilities provider reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.10, RTT News reports. American Water Works had a net margin of 32.14% and a return on equity of 11.25%. During the same period in the previous year, the business earned $0.73 earnings per share. American Water Works updated its FY22 guidance to $4.39 to $4.49 EPS.
American Water Works stock traded down $2.58 during mid-day trading on Friday, hitting $158.10. 3,823 shares of the company’s stock traded hands, compared to its average volume of 1,015,030. The firm has a 50 day simple moving average of $159.61 and a two-hundred day simple moving average of $166.27. American Water Works has a fifty-two week low of $144.20 and a fifty-two week high of $189.65. The stock has a market cap of $28.74 billion, a price-to-earnings ratio of 22.80, a P/E/G ratio of 4.60 and a beta of 0.41. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.73 and a quick ratio of 0.70.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 1st. Investors of record on Tuesday, May 10th will be paid a $0.655 dividend. The ex-dividend date of this dividend is Monday, May 9th. This is a boost from American Water Works’s previous quarterly dividend of $0.60. This represents a $2.62 annualized dividend and a dividend yield of 1.66%. American Water Works’s dividend payout ratio (DPR) is currently 34.68%.
A number of institutional investors have recently made changes to their positions in the business. Salem Investment Counselors Inc. acquired a new stake in shares of American Water Works during the fourth quarter worth $50,000. Penserra Capital Management LLC lifted its holdings in shares of American Water Works by 23.5% during the fourth quarter. Penserra Capital Management LLC now owns 810 shares of the utilities provider’s stock worth $152,000 after buying an additional 154 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of American Water Works during the fourth quarter worth $256,000. HB Wealth Management LLC acquired a new position in American Water Works in the fourth quarter valued at about $270,000. Finally, Integrated Wealth Concepts LLC raised its stake in American Water Works by 5.9% in the fourth quarter. Integrated Wealth Concepts LLC now owns 1,608 shares of the utilities provider’s stock valued at $304,000 after purchasing an additional 89 shares in the last quarter. 82.76% of the stock is owned by institutional investors and hedge funds.
About American Water Works (Get Rating)
American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, including 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, such as schools and universities; and other utilities and community water and wastewater systems.
- Get a free copy of the StockNews.com research report on American Water Works (AWK)
- Apple’s Numbers Complete Trifecta
- Rogers Communication Stock Should Be Launching Higher
- Iridium Communications Stock is Ready to Return to Orbit
- O’Reilly Automotive Hits A Pothole
- There’s An Institutional Floor In Keurig Dr. Pepper
Receive News & Ratings for American Water Works Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Water Works and related companies with MarketBeat.com's FREE daily email newsletter.