American Water Works Company (AWK) remains a top performer in the water utility sector, regularly
outperforming its competitors on strong trading days. Despite certain downturns, the company has gifted shareholders with a significant
204% total return. However, some express concern about recent performance, noting that returns seem to have hit a wall. Regardless, several
investment firms, including Assetmark Inc. and Brown Brothers Harriman & Co., continue to bolster their stock positions. AWK also recently declared an increase in its
dividend to $0.765. However, controversy looms around AWK’s valuation; some analysts suggest investors might be overpaying. The company has also
won a substantial $519M DOD Contract and plans to further invest in upgrades. AWK's Pennsylvania Arm plans to invest in upgrades, although the company does carry a meaningful
debt burden. The past three years have not been overly profitable for investors. Overall, despite some hiccups, the company's future outlook remains mostly positive, with stable
earnings reported and a boost in 2024
EPS guidance.
American Water Works Company AWK News Analytics from Mon, 14 Aug 2023 07:00:00 GMT to Sun, 02 Jun 2024 15:28:23 GMT -
Rating 5
- Innovation -4
- Information 8
- Rumor -3
