American Water Works Company, Inc., through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 16 states serving approximately 3.5 million active customers. The company serves residential customers; commercial customers, such as food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities, such as schools and universities; and other utilities and community water and wastewater systems. It also provides various warranty protection programs to residential customers; and water and wastewater services on various military installations. In addition, the company undertakes contracts with municipal customers, primarily to operate and manage water and wastewater facilities, as well as offers other related services. It operates approximately 79 surface water treatment plants; 530 groundwater treatment plants; 150 wastewater treatment plants; 53,200 miles of transmission, distribution, and collection mains and pipes; 1,100 groundwater wells; 1,600 water and wastewater pumping stations; 1,300 treated water storage facilities; and 75 dams. The company serves approximately 15 million people with drinking water, wastewater, and other water-related services in 46 states. The company was founded in 1886 and is headquartered in Camden, New Jersey.
IPO Year: 2008
Exchange: NYSE
Website: amwater.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/19/2024 | $151.00 → $155.00 | Neutral → Buy | UBS |
| 10/15/2024 | $131.00 → $140.00 | Outperform → Neutral | Mizuho |
| 10/7/2024 | $124.00 | Underperform | Jefferies |
| 9/20/2024 | $140.00 | Underperform | BofA Securities |
| 7/31/2024 | $127.00 → $138.00 | Equal Weight → Underweight | Wells Fargo |
| 2/16/2024 | $160.00 → $135.00 | Outperform → In-line | Evercore ISI |
| 10/3/2023 | $134.00 | Buy | Mizuho |
| 10/20/2022 | $140.00 | Underweight → Equal Weight | Wells Fargo |
| 9/9/2022 | $162.00 → $165.00 | Underweight → Neutral | JP Morgan |
| 6/24/2022 | Neutral → Buy | Janney |
Acquisitions Will Add Approximately 1,100 Water Customers and 500 Wastewater Customers Pennsylvania American Water, a subsidiary of American Water (NYSE:AWK), completed its acquisition of the Farmington Township water and wastewater system in Clarion County. Additionally, the company has signed an agreement to purchase the water system assets of Corner Water Supply and Service Corporation, another Clarion County drinking water provider. Combined, these systems will be acquired for approximately $5.8 million and serve around 1,100 water and 500 wastewater customers. "Regionalizing water and wastewater systems is crucial for rural counties like Clarion," said Pennsylvania American Preside
California American Water wants to keep customers and the public safe on Utility Scam Awareness Day, by providing important tips to help identify and avoid scammers targeting unsuspecting utility customers. Utility company imposters often attempt to scam individuals in two main ways: 1) they may pose as utility workers to gain access to someone's home; 2) they might urgently contact the person, either by phone or another method, demanding immediate payment to prevent a disruption in services. It's important to be cautious and verify the identity of anyone claiming to be a utility worker before letting them into your home or providing any personal information. California American Water u
American Water (NYSE:AWK), the largest regulated water and wastewater utility company in the U.S., wants to keep customers and the general public safe on Utility Scam Awareness Day, by providing important tips to help identify and avoid scammers targeting unsuspecting utility customers. Utility company imposters often attempt to scam individuals in two main ways: 1) they may pose as utility workers to gain access to someone's home; 2) they might urgently contact the person, either by phone or another method, demanding immediate payment to prevent a disruption in services. It's important to be cautious and verify the identity of anyone claiming to be a utility worker before letting them in
Missouri American Water wants to keep customers and the public safe on Utility Scam Awareness Day, by providing important tips to help identify and avoid scammers targeting unsuspecting utility customers. Utility company imposters often attempt to scam individuals in two main ways: 1) they may pose as utility workers to gain access to someone's home; 2) they might urgently contact the person, either by phone or another method, demanding immediate payment to prevent a disruption in services. It's important to be cautious and verify the identity of anyone claiming to be a utility worker before letting them into your home or providing any personal information. Missouri American Water urges
American Water (NYSE:AWK), the largest regulated water and wastewater utility company in the U.S., announced today that it will participate in the 2024 Mayors Water Council Meeting, taking place November 21-22, 2024 in San Diego, Calif., hosted by the U.S. Conference of Mayors. Chris Abruzzo, Vice President, Business Development, American Water, will provide insight on acquisitions as it relates to Public-Private Partnership & Alternative Project Delivery. Kevin Tilden, President, California American Water, will also be in attendance and will provide insight on Lead & Copper related to managing customer education, notification and identification of service line materials. The 2024 May
California American Water announced the completion of its Dolores Street Water Main Replacement Project in Carmel. This important infrastructure improvement project helps ensure continued reliable water service for residents and businesses in the area. The Dolores Street improvements included the replacement of approximately 3,000 feet of 100-year-old water main pipe, which will help prevent future breaks and minimize service interruptions for California American Water customers. The completed project also included the installation of three new fire hydrants and replacement of two existing ones, significantly improving water flow for fire protection and enhancing public safety for first r
Adds Approximately 5,600 Customers In Company's Metro East Footprint Near St. Louis Illinois American Water has completed its $8.4 million acquisition of the wastewater system of the Metro East Sanitary District (MESD). The wastewater system acquisition includes the Eagle Park and Lansdowne wastewater systems and adds approximately 5,600 customers to the company's footprint in the Metro East area near St. Louis. "We thank the leadership of MESD for their vote of confidence in us," said Illinois American Water President Rebecca Losli. "We have provided water service in the Metro East for more than 125 years. Our company and team of experienced employees are vested in the Metro East and l
Company urges customers to conserve water as New Jersey Department of Environmental Protection issues Drought Warning Following the New Jersey Department of Environmental Protection (NJ DEP)'s issuance of a Drought Warning today, New Jersey American Water has issued a mandatory conservation notice for all customers across the state. The company requests that customers limit all nonessential water usage by pausing all outdoor watering until spring and conserving as much as possible indoors. "We are dedicated to responsible water management and are prepared to support Governor Murphy and the NJ DEP's action to move New Jersey to Drought Warning status," said Mark McDonough, president of N
Supports $330 Million in System Investments The Kentucky Public Service Commission (PSC) has issued an order approving adjusted water rates for Kentucky American Water following the company's June 2023 request for a rate adjustment and a previous PSC order in the case issued on May 3, 2024. The request was driven by $330 million in completed or planned water system investments made since the PSC last adjusted the company's base rates for water service in 2019. These improvements include replacement of aging pipe, water treatment plant upgrades and system resiliency projects that will help Kentucky American Water continue the provision of clean, safe and reliable service for customers. T
Honored as Gold Champion; Board is 60 percent female American Water (NYSE:AWK), the largest regulated water and wastewater utility company in the U.S., announced today its designation as a Champion of Board Diversity by The Forum of Executive Women for the eighth consecutive year. The Forum of Executive Women, the Philadelphia region's premier network of influential women, honors the top public companies with 30 percent or more women on their respective boards, annually. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241112656212/en/American Water CEO M. Susan Hardwick and team accept the Champion of Board Diversity award from
4 - American Water Works Company, Inc. (0001410636) (Issuer)
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4 - American Water Works Company, Inc. (0001410636) (Issuer)
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4 - American Water Works Company, Inc. (0001410636) (Issuer)
4 - American Water Works Company, Inc. (0001410636) (Issuer)
4 - American Water Works Company, Inc. (0001410636) (Issuer)
4 - American Water Works Company, Inc. (0001410636) (Issuer)
4 - American Water Works Company, Inc. (0001410636) (Issuer)
3 - American Water Works Company, Inc. (0001410636) (Issuer)
Foundation donates $15,000 to support military and veteran families The American Water Charitable Foundation, a 501(c)(3) organization established by American Water (NYSE:AWK), the largest regulated water and wastewater utility company in the U.S., and American Water's Military Services Group, announced today that the Foundation awarded a $15,000 State Strategic Impact grant to the American Red Cross, Service to the Armed Forces Giving Program, in support of military members, veterans and families as they prepare for and respond to the challenges of military service. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241107590571/en
American Water Works Company, Inc. (NYSE:AWK) announced today that Stuart M. McGuigan has been appointed as an independent member of the company's board of directors, effective Oct. 29, 2024. "American Water is pleased to have Stuart join our board of directors," said Karl Kurz, Board Chair of American Water. "Stuart has more than 38 years of extensive experience in information technology and management including serving as the Chief Information Officer for national and global public companies, as well as a government agency. He will further strengthen our board, and we look forward to working with him." "We are honored to have Stuart become part of American Water's board," said M. Susan
American Water (NYSE:AWK), the largest regulated water and wastewater utility company in the U.S., announced today that it is seeking talented and dedicated professionals to join its team. These nationwide employment opportunities reflect American Water's commitment to providing clean, safe, reliable and affordable water and wastewater services to communities across the country. Positions cover various areas, including: Operations Engineering Environmental and Safety Information Technology "At American Water, we are committed to building a workforce that reflects the diverse communities we serve. By joining our team, you will have the chance to make a meaningful impact on these co
American Water (NYSE:AWK), the largest regulated water and wastewater utility company in the U.S., announced today that for the fourth consecutive year, American Water volunteers will install 2,977 American flags, to commemorate all the lives lost during the tragic attacks on September 11, 2001. The flags will be placed on the RCA Pier Park, adjacent to the American Water headquarters in Camden, N.J. Among those invited to join volunteers in the installation will include company executives, Camden city officials as well as first responders. The flags will remain on display for approximately one week. After which they will be donated to Camden County Veteran Affairs, where the flags will b
Edward Vallejo joins New York Office InspIR Group ("InspIR"), the leading cross-border strategic investor relations and Sustainability consultancy, today announced that Ed Vallejo will join InspIR as Managing Director, effective September 16, 2024. Ed will further strengthen the firm's senior advisory capability in the U.S. and across the emerging markets. Ed is a highly seasoned IR leader who brings more than two decades of experience as a senior financial and operational executive, including extensive work in financial strategy, planning and modeling, and Sustainability. He held a number of senior executive roles throughout his 15 year tenure at American Water Works (NYSE:AWK) today a
California American Water today announced the appointment of Spencer Vartanian as Director of Operations for its Central Coast Division. In this role, Vartanian will oversee all aspects of the company's operations in the Monterey Peninsula area, helping ensure the delivery of high-quality, sustainable water solutions to the community. "We are thrilled to welcome Spencer to our team," said Garry Hofer, Vice President of Operations at California American Water. "He brings a wealth of experience in water system operations management, safety, hydrogeology studies, and environmental stewardship – all areas critical to our success in Monterey." Vartanian joins California American Water with o
The California Desalination Association (CalDesal) today announced the unanimous appointment of Lacy Carothers, PE, Director of Engineering for California American Water, to its Executive Committee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240507867211/en/Lacy Carothers, PE, Director of Engineering for California American Water, has been appointed to the CalDesal Executive Committee. (Photo: Business Wire) Carothers brings a wealth of experience in the water industry to CalDesal, a statewide association comprised of leaders from public and private water agencies, non-profit organizations, and others committed to integratin
Illinois American Water proudly joins communities across North America in celebrating Drinking Water Week, an annual observance led by the American Water Works Association (AWWA). Taking place May 5-11, Drinking Water Week serves to highlight the importance of safe drinking water and recognize the tireless efforts of local water professionals who keep it flowing around the clock. This year's celebration coincides with the 50th anniversary of the Safe Drinking Water Act (SDWA). Passed in 1974, the SDWA set strong water quality standards for the nation's drinking water and established a regulatory framework to safeguard the public health and safety of U.S. citizens. American Water recognize
California American Water proudly joins communities across North America in celebrating Drinking Water Week, an annual observance led by the American Water Works Association (AWWA). Taking place on May 5th through the 11th, Drinking Water Week serves to highlight the importance of safe drinking water and recognize the tireless efforts of local water professionals who keep it flowing around the clock. This year's celebration coincides with the 50th anniversary of the Safe Drinking Water Act (SDWA). Passed in 1974, the SDWA set strong water quality standards for the nation's drinking water and established a regulatory framework to safeguard the public health and safety of U.S. citizens. Cal
Mechanicsburg-based utility executive joins 20 other young entrepreneurial leaders who commit to addressing the greatest challenges in their communities, their country, and the world Justin Ladner, president of Pennsylvania American Water based in Mechanicsburg, Pa., was recently named to the Aspen Institute 2024 Class of Henry Crown Fellows. The Henry Crown Fellowship mobilizes a new breed of leaders, all between the ages of 30-46, to tackle the world's most intractable problems. All are proven entrepreneurial leaders, mostly from the private business sector, who have reached a point in their lives where, having achieved success, they are ready to apply their creative talents and skill s
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Pennsylvania American Water, a subsidiary of American Water (NYSE:AWK), announced today that it has completed the acquisition of the wastewater collection system assets of Sadsbury Township, Lancaster County. The newly acquired collection system currently serves approximately 250 customer connections. "Pennsylvania American Water couldn't be more pleased to welcome the residents of Sadsbury Township as new wastewater customers," said Pennsylvania American Water President Justin Ladner. "We look forward to providing this community with safe, reliable service by delivering on our technical expertise and extensive wastewater experience." Over the next six years, Pennsylvania American Water p
Acquisition Adds 4,300 New Wastewater Customers New Jersey American Water today completed its acquisition of the wastewater collection system of the Borough of Manville, N.J. for $6.5 million. This municipally owned system serves approximately 4,300 customers, most of whom already receive water service from New Jersey American Water. On September 24, 2024, the New Jersey Board of Public Utilities approved the municipal consent allowing New Jersey American Water to provide wastewater service to Manville customers as of the closing of the transaction. "Having served Manville for many years as its water provider, we are honored and proud to now extend our wastewater services to residents," s
Third quarter 2024 earnings were $1.80 per share, compared to $1.66 per share in 2023; year-to-date 2024 earnings were $4.17 per share, compared to $4.03 per share in 2023 Year-to-date 2024 and 2023 comparative results reflect a net unfavorable weather impact of an estimated $0.04 per share; no weather impact quarter over quarter 2024 weather-normalized earnings per share guidance range of $5.25 to $5.30 affirmed; includes $0.10 per share of incremental interest income from the Homeowner Services Group (HOS) seller note that was amended in early 2024 2024 earnings per share guidance range of $5.15 to $5.20, excluding the $0.10 per share of incremental interest income from the amend
Cash dividend payable in the fourth quarter of 2024 American Water Works Company, Inc. (NYSE:AWK) announced that its board of directors today declared a quarterly cash dividend payment of $0.7650 per share of common stock, payable on December 3, 2024, to all shareholders of record as of November 12, 2024. This quarterly dividend is a continuation of the increase in the annualized dividend approved by the Board and announced on May 1, 2024. American Water offers a dividend reinvestment and direct stock purchase plan called American Water Stock Direct (the "Plan"), which enables shareholders to reinvest cash dividends and purchase additional shares of American Water common stock without an
American Water Works Company, Inc. (NYSE:AWK) announced today that it intends to release its 2024 third quarter financial results, 2025 earnings guidance and long-term financial targets after the market closes on Wednesday, October 30, 2024. Susan Hardwick, Chief Executive Officer; John Griffith, President; Cheryl Norton, Executive Vice President and Chief Operating Officer; and David Bowler, Executive Vice President and Chief Financial Officer, will host a conference call and webcast with investors, analysts and other interested parties on Thursday, October 31, 2024, at 9 a.m. Eastern Daylight Time. The call will include a discussion of third quarter 2024 results, initiation of 2025 guida
Second quarter 2024 earnings were $1.42 per share, compared to $1.44 per share in 2023; year-to-date 2024 earnings were $2.37 per share, compared to $2.37 per share in 2023 Quarter and year-to-date 2023 and 2024 comparative results reflect a net unfavorable weather impact of an estimated $0.04 per share 2024 earnings per share guidance range is narrowed to $5.25 to $5.30 from $5.20 to $5.30, on a weather-normalized basis, including the estimated $0.10 per share of increased interest income as discussed last quarter, as a result of lower than expected declines in customer usage; long-term targets affirmed 2024 capital investment plan of $3.1 billion on track; approx. 43,000 custo
Cash dividend payable in the third quarter of 2024 American Water Works Company, Inc. (NYSE:AWK) announced today that its board of directors declared a quarterly cash dividend payment of $0.7650 per share of common stock, payable on September 4, 2024, to all shareholders of record as of August 13, 2024. This quarterly dividend is a continuation of the increase in the annualized dividend approved by the Board and announced on May 1, 2024. American Water offers a dividend reinvestment and direct stock purchase plan called American Water Stock Direct (the "Plan"), which enables shareholders to reinvest cash dividends and purchase additional shares of American Water common stock without a
American Water Works Company, Inc. (NYSE:AWK) announced today that it intends to release its 2024 second quarter financial results after the market closes on Wednesday, July 31, 2024. Susan Hardwick, President and Chief Executive Officer; Cheryl Norton, Executive Vice President and Chief Operating Officer; and John Griffith, Executive Vice President and Chief Financial Officer, will host a conference call and webcast with investors, analysts and other interested parties on Thursday, August 1, 2024, at 9 a.m. Eastern Daylight Time. There will be a question-and-answer session as part of the call. Interested parties may listen to an audio webcast of the conference call through a link on th
Acquisition Adds 2,300 New Customers; Company Welcomes Six Salem Employees New Jersey American Water today completed its acquisition of the water and wastewater systems of the City of Salem, N.J. for $18 million. These former municipally owned systems serve more than 2,300 water and 2,300 wastewater customers. On May 22, 2024, the New Jersey Board of Public Utilities (NJ BPU) approved the municipal consent allowing New Jersey American Water to provide service to Salem City customers as of the closing of the transaction. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240625426402/en/Photo Caption: New Jersey American Water's ne
First quarter 2024 earnings were $0.95 per share, compared to $0.91 per share in 2023; results as expected 2024 earnings per share guidance range of $5.20 to $5.30 affirmed 2024 capital investment plan of $3.1 billion on track; March closing of Granite City, IL, acquisition of $86 million Announced quarterly cash dividend of $0.7650 per share of common stock payable in June, an increase of 8.1% Completed 2024 financing; issued $1.4 billion of senior notes in February, $700 million of 5.150% due 2034 and $700 million of 5.450% due 2054 American Water Works Company, Inc. (NYSE:AWK) today reported results for the quarter ended March 31, 2024, of $0.95 per share, compared to $0.
8-K - American Water Works Company, Inc. (0001410636) (Filer)
8-K - American Water Works Company, Inc. (0001410636) (Filer)
8-K - American Water Works Company, Inc. (0001410636) (Filer)
10-Q - American Water Works Company, Inc. (0001410636) (Filer)
8-K - American Water Works Company, Inc. (0001410636) (Filer)
8-K - American Water Works Company, Inc. (0001410636) (Filer)
8-K - American Water Works Company, Inc. (0001410636) (Filer)
8-K - American Water Works Company, Inc. (0001410636) (Filer)
8-K - American Water Works Company, Inc. (0001410636) (Filer)
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UBS upgraded American Water Works from Neutral to Buy and set a new price target of $155.00 from $151.00 previously
Mizuho downgraded American Water Works from Outperform to Neutral and set a new price target of $140.00 from $131.00 previously
Jefferies initiated coverage of American Water Works with a rating of Underperform and set a new price target of $124.00
BofA Securities resumed coverage of American Water Works with a rating of Underperform and set a new price target of $140.00
Wells Fargo downgraded American Water Works from Equal Weight to Underweight and set a new price target of $138.00 from $127.00 previously
Evercore ISI downgraded American Water Works from Outperform to In-line and set a new price target of $135.00 from $160.00 previously
Mizuho initiated coverage of American Water Works with a rating of Buy and set a new price target of $134.00
Wells Fargo upgraded American Water Works from Underweight to Equal Weight and set a new price target of $140.00
JP Morgan upgraded American Water Works from Underweight to Neutral and set a new price target of $165.00 from $162.00 previously
Janney upgraded American Water Works from Neutral to Buy
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American Water Works (NYSE:AWK) has outperformed the market over the past 15 years by 1.33% on an annualized basis producing an average annual return of 13.84%. Currently, American Water Works has a market capitalization of $24.99 billion. Buying $100 In AWK: If an investor had bought $100 of AWK stock 15 years ago, it would be worth $699.84 today based on a price of $128.28 for AWK at the time of writing. American Water Works's Performance Over Last 15 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's au
UBS analyst Daniel Ford maintains American Water Works (NYSE:AWK) with a Neutral and raises the price target from $124 to $139.
If you were asked at the beginning of 2024 to imagine the top sectors of the S&P 500 for the first four months of the year, you’d likely have pegged technology and consumer services as the frontrunners, leaving others far behind. If someone had told you that utilities, the underperformers of 2023 with a 7% drop, would outperform the tech sector, you’d probably have thought they were pulling your leg. Against all odds, here we are. Since the start of the year, tech is now up 2.6%, while utilities surged over 8%. Amid market pullbacks over the past month, utilities emerged as the unlikely victors, defying the prevailing trend and surging in year-to-date performance rankings against
American Water Works (NYSE:AWK) reported quarterly earnings of $0.95 per share which missed the analyst consensus estimate of $0.99 by 4.04 percent. The company reported quarterly sales of $1.011 billion which beat the analyst consensus estimate of $981.750 million by 2.98 percent. This is a 7.78 percent increase over sales of $938.000 million the same period last year.
The Cottage Way Well was built to replace an aging well, over 60 years old, that was taken out of service. The new well meets and surpasses all drinking water quality standards.