Vontobel Holding Ltd. among other firms reduced their stock holdings in American Water Works Company, Inc. (NYSE:AWK). The company is set to release its Q4 earnings soon, with some projecting a healthy balance sheet. Despite this, consensus among Wall Street brokerages ranks the company as a 'Hold'. Multiple firms including Figure 8 Investment Strategies LLC, Jmac Enterprises LLC and Sumitomo Mitsui Trust Group Inc. have made fresh investments in AWK. The company has announced multiple Earnings Guidances in recent years, while continuing to make considerable investments in water infrastructure across California. Major stakeholder BlackRock, Inc. expanded its stake in AWK. The company has faced a cyberattack, prompting some concern. Recent senior leadership changes and new stakeholder engagement strategies were announced, while its charitable foundation launches a new 2025 grant program. Despite a promising 3-year underlying earnings growth, AWK's shareholders remain in the red. AWK's EVP and COO divested a significant chunk of their stock recently.
American Water Works Company AWK News Analytics from Wed, 26 Jun 2024 07:00:00 GMT to Sat, 15 Feb 2025 11:14:48 GMT -
Rating 1
- Innovation -4
- Information 6
- Rumor -7
