Today it was reported that the EVP & COO of American Water (NYSE: AWK), Walter Lynch, exercised options to sell 10,000 AWK shares at $44.06 a share, for a total transaction value of $895.7K.
In addition to Walter Lynch, 2 other AWK executives reported Sell trades in the last month. Following Walter Lynch’s last AWK Sell transaction on November 08, 2017, the stock climbed by 0.6%.
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Based on American Water’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $853 million and quarterly net profit of $162 million. In comparison, last year the company earned revenue of $844 million and had a net profit of $131 million. AWK’s market cap is $16.15B and the company has a P/E ratio of 34.23. Currently, American Water has an average volume of 125.2K.
Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $83.00, reflecting a -7.3% downside.
The insider sentiment on American Water has been negative according to 59 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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American Water Works Co., Inc. engages in the provision of complementary water and wastewater services. It operates through the following segments: Regulated Businesses, Market-Based Businesses, and Other. The Regulated Businesses segment provides water and wastewater services to customers.
