Alaska Department of Revenue and BNP Paribas have increased their holdings of
American Water Works Company (NYSE:AWK), while other companies like
Van ECK Associates Corp and Norden Group LLC have also grown their positions. Despite underperforming compared to its competitors on certain days, AWK's stock managed to outperform competitors in other instances. There has been an announcement of a
dividend increase to $0.765. While several firms, like
Miracle Mile Advisors LLC and Los Angeles Capital Management LLC have acquired shares in the AWK, some like
First Trust Direct Indexing L.P. and Capital Advisors Ltd. LLC have reduced their stake. Amidst all the share transactions, AWK has also filed for a
rate hike after two years. Discussions around AWK's valuation and debt burden suggest potential investor concerns. The company has made efforts to expand its operations, investing heavily in
water storage and has seen solid 2023 earnings despite Q1 missing estimates. It has raised its 2024 EPS guidance and been labeled a
great dividend stock. The company has also increased its
quarterly dividend and taken steps to further its growth via acquisitions.
American Water Works Company AWK News Analytics from Mon, 06 Nov 2023 08:00:00 GMT to Sun, 07 Jul 2024 10:48:37 GMT -
Rating 5
- Innovation -5
- Information 8
- Rumor 3
