Mather Group LLC. and other investors have acquired more shares of
American Water Works Company, Inc. (NYSE:AWK), though the company's stock performance has been underwhelming in comparison to the market. There's a sense of deviation among shareholders, with some insiders making bold investments while the
Teachers Retirement System of The State of Kentucky decreases their stake in the company. American Water's Q2 2024 earnings exceeded revenue forecasts but lagged behind in EPS. The company's dividend is set to increase and this news comes amidst a record 1-year high of $148.00 per share. However, concerns have arisen about American Water's use of debt to deliver its 9.6% ROE. Despite these concerns, many institutional owners favour AWK, holding 89% of the company. Although AWK's stock was downgraded by
Wells Fargo, it has outperformed other utility stocks, earning a relative strength rating upgrade. On a less positive note, American Water's returns on capital have hit the brakes, with its Q2 earnings below estimates. Nevertheless, American Water affirms their 2024 EPS Guidance and long-term growth targets.
American Water Works Company AWK News Analytics from Thu, 11 Jan 2024 08:00:00 GMT to Fri, 09 Aug 2024 18:45:48 GMT -
Rating 2
- Innovation -1
- Information 8
- Rumor -8
