There is significant movement in the number of shares of American Water Works Company (NYSE: AWK) held by various investment firms, with some firms increasing their stake, including Vanguard Group and Empowered Funds, while others like Avantax Advisory Services and Oppenheimer & Co. reduced their holdings. Despite daily losses, AWK's stock has outperformed its competitors. The company's short interest was down 8.3% in June, indicating less market pessimism. Their However, questions surround AWK's debt burden and potential issues beyond its promising earnings. Despite these concerns, the company remains focused on improving services and infrastructure, such as an $8.5M investment in a Water Project. AWK announced solid 2023 earnings and raised its 2024 EPS guidance, however, some shareholders might be considering an exit due to the company's performance. Despite the stock being down 4.7% since the last earnings report, AWK has been recognized for its efforts in disability equality and continues to invest in new projects. Expert predictions for Q2 2024 earnings are available. Arguably, many consider AWK a profitable and stable utility trading at a discount, even though the past three years have not been profitable for its investors.
American Water Works Company AWK News Analytics from Mon, 06 Nov 2023 08:00:00 GMT to Sun, 21 Jul 2024 22:37:15 GMT -
Rating 5
- Innovation 2
- Information 3
- Rumor -4
