The EVP,General Counsel, Secretary of American Water is Exercising Options

By Carrie Williams

Today it was reported that the EVP,General Counsel, Secretary of American Water (AWKResearch Report), Michael Sgro, exercised options to sell 6,680 AWK shares at $61.56 a share, for a total transaction value of $741K.

Following Michael Sgro’s last AWK Sell transaction on May 18, 2018, the stock climbed by 32.3%. In addition to Michael Sgro, 3 other AWK executives reported Sell trades in the last month.

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Based on American Water’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $813 million and quarterly net profit of $113 million. In comparison, last year the company earned revenue of $761 million and had a net profit of $106 million. AWK’s market cap is $21.2B and the company has a P/E ratio of 34.98. Currently, American Water has an average volume of 489.8K.

Based on 8 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $111.67, reflecting a 0.5% upside.

The insider sentiment on American Water has been negative according to 52 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Michael Sgro’s trades have generated a -26.7% 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.