American Water Works Company, Inc. (AWK): Walter Lynch , EVP and COO of American Water Works Company, Inc. sold 37,995 shares on May 9, 2016. The Insider selling transaction was reported by the company on May 11, 2016 to the Securities and Exchange Commission. The shares were sold at $74.41 per share for a total value of $2,826,568.50 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 15, 2016, Sharon Cameron (President, AW Enterprises) sold 4,669 shares at $68.75 per share price.On Mar 14, 2016, Walter Lynch (EVP and COO) sold 10,000 shares at $68.20 per share price.Also, On Mar 9, 2016, Deborah A Degillio (VP and Treasurer) sold 2,334 shares at $68.37 per share price.On Mar 8, 2016, Loyd A Warnock (SVP, External Affairs, Comm.) sold 6,165 shares at $67.53 per share price.
American Water Works Company Inc: On Tuesday, May 10, 2016 heightened volatility was witnessed in American Water Works Company Inc which led to swings in the share price. The shares opened for trading at $74.41 and hit $74.67 on the upside , eventually ending the session at $74.51, with a gain of 0.30% or 0.22 points. The heightened volatility saw the trading volume jump to 9,35,812 shares. The 52-week high of the share price is $74.89 and the company has a market cap of $13,242 M . The 52-week low of the share price is at $48.36.
Company has been under the radar of several Street Analysts.American Water Works Company Inc is Reiterated by Barclays to Overweight and the brokerage firm has raised the Price Target to $ 79 from a previous price target of $75 .The Rating was issued on May 6, 2016.
American Water Works Company Inc. is a water and wastewater utility holding company. Through its subsidiaries the Company provides drinking water wastewater and other water related services to approximately 15 million people in approximately 47 states of the United States and one Canadian province. The Company has two operating segments: the Regulated Businesses and the Market-Based Operations. The Regulated Businesses segment owns subsidiaries that provide water and wastewater utility services to residential commercial industrial and other customers. The Market-Based Operations segment provides water and wastewater services to military bases municipalities industrial commercial and residential customers that are not subject to economic regulation by state Public Utility Commissions (PUC). The Company’s subsidiaries include Illinois-American Water Company (ILAWC) American Lake Water Company and West Virginia-American Water Company (WVAWC).