Today it was reported that the SVP, Ext. Affairs, Bus. Dev. of American Water (NYSE: AWK), Loyd Warnock, exercised options to sell 10,520 AWK shares at $58.96 a share, for a total transaction value of $924.3K.
Following Loyd Warnock’s last AWK Sell transaction on May 25, 2018, the stock climbed by 4.5%. In addition to Loyd Warnock, one other AWK executive reported Sell trades in the last month.
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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 $15.8B and the company has a P/E ratio of 33.47. Currently, American Water has an average volume of 49.25K.
Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $83.00, reflecting a -4.9% downside.
The insider sentiment on American Water has been negative according to 58 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Loyd Warnock’s trades have generated a -9.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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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.
