American Water Works Company (NYSE:AWK) has seen a flurry of activity, indicating a shift in performance, financial results and market perception. Despite underperforming compared to competitors on some days, several of its units have made significant acquisitions. For instance, its
Illinois arm has acquired assets, and the
AWK unit has taken over
Meadowbrook Water Company and
Upper Pottsgrove Sewer assets. Such acquisitions continue to expand its business portfolio. Interestingly, its dividend has surged to $0.765, which contributes to its appeal as a
strong dividend stock. The company recently announced it would be investing $8.4M into three projects, signaling a commitment to operational growth and infrastructural enhancement. More significantly, the company raised its 2024 EPS guidance following solid 2023 earnings. Unfortunately, the past three years have not been profitable for AWK investors, fueling concerns about its valuation and debt burden. However, the company retains a promising outlook on the back of its profitable and stable utility trading, high ROE, and its successful earnings calls. Despite this, the share price has dipped recently, revealing a bearish trend that has concerned investors.
American Water Works Company AWK News Analytics from Mon, 14 Aug 2023 07:00:00 GMT to Sun, 26 May 2024 14:09:23 GMT -
Rating -3
- Innovation 0
- Information 8
- Rumor -2
