AWK Stock Recent News

Investors interested in Utility - Water Supply stocks are likely familiar with Veolia Environnement SA (VEOEY) and American Water Works (AWK). But which of these two stocks is more attractive to value investors?

It's an asset and resource that we use everyday and therefore, we become desensitized to its importance. But water really is the golden ticket for the future of global societies and economies.

HONOLULU--(BUSINESS WIRE)--On August 2, Hawaii American Water filed a rate adjustment request with the Hawaii Public Utilities Commission (HPUC) for its Hawaii Kai, Mauna Lani, and Waimea wastewater service customers reflecting $41 million in local wastewater infrastructure replacement and upgrades in all three districts. The request reinforces the company's commitment to replace aging infrastructure, provide safe and reliable service, and comply with environmental regulations. “We carefully pl.

CAMDEN, N.J.--(BUSINESS WIRE)--New Jersey American Water is seeking applications for its newly created Diverse Supplier Development Program, which provides diverse suppliers with the knowledge and skills to compete for business from a wide variety of companies, including New Jersey American Water. Applications for the program close on August 9, 2024. “Building strong relationships with a diverse range of suppliers drives innovation, reduces costs, promotes sustainability, and supports our missi.

I consider American Water Works to be a quintessential dividend compounder. Several rate increases are expected to become effective in the coming months to drive a strong second half of 2024. The water utility enjoys an A credit rating from S&P on a stable outlook.

American Water's (AWK) second-quarter earnings are adversely impacted by unfavorable weather conditions. The company continues to gain from its strategic acquisitions.

ST. LOUIS--(BUSINESS WIRE)--Missouri American Water is accepting applications through August 31, 2024 for its annual Firefighter Grant Program, which provides financial assistance to fire protection and emergency response organizations serving communities in the company's service area. Grants of up to $1,200 will be considered to cover the costs of firefighting tools, equipment, personal protective gear, and training. Last year, more than $55,000 was awarded across the state. Over 200 grants ha.

American Water Works (AWK) came out with quarterly earnings of $1.42 per share, missing the Zacks Consensus Estimate of $1.47 per share. This compares to earnings of $1.44 per share a year ago.

CAMDEN, N.J.--(BUSINESS WIRE)--American Water Works Company, Inc. (NYSE: AWK) today reported results for the quarter ended June 30, 2024, of $1.42 per share, compared to $1.44 per share for the same quarter in 2023 and $2.37 per share for the year-to-date period ended June 30, 2024, compared to $2.37 per share for the same period in 2023. “The company delivered solid results for the first half of the year,” said M. Susan Hardwick, president and CEO of American Water. “While results are relative.

Over the past year, the utilities sector has notably lagged behind the overall market. The Utilities Select Sector SPDR Fund (NYSEARCA: XLU ) has gained only a modest 6%.