American Water Works (AWK) Scheduled to Post Quarterly Earnings on Wednesday

American Water Works (NYSE:AWKGet Rating) will announce its earnings results after the market closes on Wednesday, July 27th. Analysts expect the company to announce earnings of $1.15 per share for the quarter. American Water Works has set its FY22 guidance at $4.39 to $4.49 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

American Water Works (NYSE:AWKGet Rating) last issued its earnings results on Wednesday, April 27th. The utilities provider reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.12. The company had revenue of $842.00 million during the quarter, compared to the consensus estimate of $872.01 million. American Water Works had a net margin of 33.16% and a return on equity of 11.25%. During the same quarter in the prior year, the firm posted $0.73 EPS. On average, analysts expect American Water Works to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

American Water Works Trading Up 1.2 %

Shares of American Water Works stock opened at $146.77 on Wednesday. The company has a market capitalization of $26.68 billion, a P/E ratio of 20.70, a P/E/G ratio of 4.12 and a beta of 0.44. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.47 and a current ratio of 0.52. The company has a fifty day moving average of $146.80 and a 200 day moving average of $154.80. American Water Works has a fifty-two week low of $129.45 and a fifty-two week high of $189.65.

American Water Works Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 1st. Investors of record on Tuesday, May 10th were issued a $0.655 dividend. The ex-dividend date was Monday, May 9th. This represents a $2.62 annualized dividend and a yield of 1.79%. This is an increase from American Water Works’s previous quarterly dividend of $0.60. American Water Works’s dividend payout ratio is currently 36.95%.

Wall Street Analyst Weigh In

AWK has been the subject of several recent analyst reports. Northcoast Research initiated coverage on shares of American Water Works in a report on Monday. They issued a “neutral” rating for the company. Wells Fargo & Company increased their price objective on shares of American Water Works from $139.00 to $152.00 and gave the company an “underweight” rating in a report on Monday. Janney Montgomery Scott raised shares of American Water Works from a “neutral” rating to a “buy” rating in a report on Friday, June 24th. StockNews.com assumed coverage on shares of American Water Works in a report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Barclays dropped their price objective on shares of American Water Works from $172.00 to $157.00 and set an “equal weight” rating for the company in a report on Monday. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $173.78.

Insider Activity at American Water Works

In related news, EVP Melanie M. Kennedy sold 1,029 shares of the stock in a transaction dated Friday, May 20th. The shares were sold at an average price of $145.52, for a total value of $149,740.08. Following the sale, the executive vice president now directly owns 12,054 shares of the company’s stock, valued at approximately $1,754,098.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Melanie M. Kennedy sold 693 shares of the stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $152.10, for a total value of $105,405.30. Following the sale, the executive vice president now directly owns 11,361 shares of the company’s stock, valued at approximately $1,728,008.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Melanie M. Kennedy sold 1,029 shares of the firm’s stock in a transaction that occurred on Friday, May 20th. The stock was sold at an average price of $145.52, for a total transaction of $149,740.08. Following the transaction, the executive vice president now directly owns 12,054 shares in the company, valued at $1,754,098.08. The disclosure for this sale can be found here. 0.09% of the stock is owned by insiders.

Hedge Funds Weigh In On American Water Works

A number of institutional investors have recently modified their holdings of AWK. Vanguard Group Inc. increased its position in shares of American Water Works by 2.0% during the first quarter. Vanguard Group Inc. now owns 21,960,717 shares of the utilities provider’s stock worth $3,635,157,000 after acquiring an additional 434,737 shares during the period. Wellington Management Group LLP purchased a new position in shares of American Water Works during the first quarter worth approximately $41,938,000. Royal Bank of Canada increased its position in shares of American Water Works by 11.9% during the first quarter. Royal Bank of Canada now owns 2,253,645 shares of the utilities provider’s stock worth $373,045,000 after acquiring an additional 238,931 shares during the period. Eaton Vance Management increased its position in shares of American Water Works by 350.6% during the first quarter. Eaton Vance Management now owns 187,648 shares of the utilities provider’s stock worth $31,062,000 after acquiring an additional 146,005 shares during the period. Finally, Northern Trust Corp increased its position in shares of American Water Works by 2.6% during the first quarter. Northern Trust Corp now owns 3,470,141 shares of the utilities provider’s stock worth $574,412,000 after acquiring an additional 87,934 shares during the period. 82.77% of the stock is owned by hedge funds and other institutional investors.

American Water Works Company Profile

(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.

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Earnings History for American Water Works (NYSE:AWK)

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