The American Water Works Company (AWK) is showing improved relative strength in its stocks even in light of insider sales by Director Martha Goss equalling over $100K in company stocks. Despite minor daily losses, the company’s stock outperforms competition.
Natixis Advisors LLC, SFE Investment Counsel, and TD Asset Management Inc have increased their holdings, while Principal Financial Group Inc reduced theirs. The company also received approval from Indiana Commission for its acquisition of Silver Creek Water Corporation, illustrating corporate growth.
Some market experts argue the company's shares are overvalued while others suggest they could be 35% above their intrinsic value. American Water Works has also announced increased dividends and a solid 2023 earnings report. Despite some inconsistencies in financial growth and a recent drop in stocks post-earnings, the company is still viewed as a good dividend stock.
The increasing investment in water projects and system upgrades, coupled with its commitment to diversity and honoring societal events, solidifies its positive reputation. The company appears to pose some degree of risk with its use of debt. However, in general, responses indicate generally bullish attitudes towards American Water Works (AWK).
American Water Works Company AWK News Analytics from Thu, 11 Jan 2024 08:00:00 GMT to Sun, 08 Sep 2024 09:36:34 GMT - Rating 7 - Innovation 5 - Information 8 - Rumor -3
