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 |
---|---|---|---|
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 | |
2/23/2022 | $190.00 → $182.00 | Hold → Buy | HSBC |
2/9/2022 | $187.00 → $166.00 | Equal-Weight | Barclays |
2/7/2022 | $164.00 → $161.00 | Sell → Neutral | UBS |
1/19/2022 | $170.00 → $162.00 | Underweight | Wells Fargo |
4/A - 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)
4 - American Water Works Company, Inc. (0001410636) (Issuer)
4 - American Water Works Company, Inc. (0001410636) (Issuer)
3 - American Water Works Company, Inc. (0001410636) (Issuer)
3 - 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)
8-K - American Water Works Company, Inc. (0001410636) (Filer)
144 - American Water Works Company, Inc. (0001410636) (Subject)
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)
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)
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.
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.
Cash dividend payable in the second 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, an increase of 8.1 percent. "American Water continues to be an industry leader in dividend growth, which is a result of our successful execution of key strategic initiatives," said M. Susan Hardwick, President and Chief Executive Officer, American Water. "We recognize the value of our dividend and the role it plays in delivering exceptional shareholder value." The company expects to continue its dividend growth within a 7 to 9 percent range over the long term, with
American Water Works Company, Inc. (NYSE:AWK) announced today that it intends to release its 2024 first quarter financial results after the market closes on Wednesday, May 1, 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, May 2, 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 the Inve
2023 earnings of $4.90 per share, compared to $4.51 per share in 2022 2023 weather-normalized earnings of $4.77 per share, compared to $4.45 per share in 2022 Invested $2.7 billion in capital in 2023, increasing rate base by 10.7% year-over-year 2024 earnings per share guidance range increased to $5.20 to $5.30 from $5.10 to $5.20 as a result of interest income on a legacy note restructuring American Water Works Company, Inc. (NYSE:AWK) today reported earnings of $0.88 per share for the fourth quarter 2023 compared to $0.81 per share in 2022, and full year earnings in 2023 of $4.90 per share compared to $4.51 per share in 2022. "American Water once again successfully execut
Reflects company's continued commitment to employees, customers, communities and shareholders American Water (NYSE:AWK), the largest regulated water and wastewater utility company in the U.S., announced today that it has been named one of America's Most JUST Companies by JUST Capital and CNBC. American Water is the highest-ranked water utility and ranked 68th overall, well within the top 10% of all Russell 1000 companies that were considered. The JUST 100 is the only ranking that recognizes American corporate leadership on business issues prioritized by the public. "American capitalism has to work for more Americans. For this to happen, the private sector, and especially big corporation
American Water Works Company, Inc. (NYSE:AWK) announced today that it intends to release its 2023 fourth quarter and year-end financial results after the market closes on Wednesday, February 14, 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, February 15, 2024, at 9 a.m. Eastern Standard Time. The call will include a discussion of fourth quarter 2023 and year-end results. There will be a question-and-answer session as part of the c
New ultraviolet water treatment system and enhanced plant filters highlight more than $7.5 million investment in delivering clean, safe and reliable drinking water in the Streator District. A new, state-of-the-art, ultraviolet treatment system at the Streator water plant allows for an important, additional disinfection step in the water treatment process and further protects the local community's drinking water. According to Holly Hunt, Illinois American Water's Operations Superintendent, Streator District, "The ultraviolet treatment system equipment adds additional treatment capabilities to the water treatment process without the use of additional chemicals. It is an effective, environme
Continues customer education and outreach efforts; Begins distribution of pitcher filters in advance of EPA requirement. New Jersey American Water announced today that it has successfully replaced approximately 10,000 customer-owned lead and galvanized steel water service lines to date as part of its ongoing Lead Service Line Replacement program. This achievement is a significant step forward, putting New Jersey American Water on pace to meet requirements of a New Jersey state law passed in 2021, which mandates all water providers to replace both utility-owned and customer-owned lead and galvanized service lines by 2031. In response to this law in January 2022, New Jersey American Water p
Indiana American Water (INAW) received approval from the Indiana Utility Regulatory Commission (IURC) for the acquisition of the Silver Creek Water Corporation (SCWC) for $45 million. "The acquisition of the Silver Creek Water Corporation is a natural fit as part of our Southern Indiana Operations. SCWC has been a valued wholesale water customer of Indiana American Water for years and our merged operations will continue to benefit the region's growth and service reliability," said Matt Prine, President of Indiana American Water. "We look forward to welcoming our new customers, along with a tremendous group of SCWC employees who will be joining our team." The closing is expected by mid-N
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
Increase Driven by System Investments; New Affordability Tariff Approved The New Jersey Board of Public Utilities (BPU) today approved a settlement between New Jersey American Water and the N.J. Division of Rate Counsel and BPU Staff for new water and wastewater rates for New Jersey American Water. The approved rates represent a total annualized revenue increase of approximately $79.5 million. The company's rate request was filed on January 19, 2024, and was primarily driven by more than $1.3 billion in infrastructure investment in treatment system and distribution upgrades since its last rate filing. "We are committed to making appropriate investments to continue to provide safe, rel
American Water (NYSE:AWK), the largest regulated water and wastewater utility company in the U.S., today announced that its Supplier Diversity team has published its annual Economic Impact report for 2023. The report highlights the economic benefits of American Water's 2023 contracts and purchases from small and diverse businesses, which are critical contributors to delivering the best products carrying the most significant value in a diverse marketplace. "American Water is proud to continue providing fair and equitable opportunities for diverse businesses, coast-to-coast," said Lawrence Wooten, Senior Manager, National Supplier Diversity, American Water. "We're thrilled to publish our
$10.9 million project began in April 2023 and was completed in August 2024. Construction of a new $10.9 million groundwater treatment plant was completed this month in the Cairo District. The now operational groundwater plant has been built on the site of the original water treatment plant which utilized the Ohio River as its source of water supply. According to Illinois American Water officials, the permanent switch to a groundwater supply was necessary to meet U.S. EPA regulations on surface water plants and it provides local customers with a more reliable, efficient source of water supply. The switch to a groundwater source was approved by the U.S. EPA, Illinois EPA and Illinois Comm
Pennsylvania American Water (PAW) and Towamencin Township will begin the process of terminating the sale of the township's wastewater system, subject to formal approval at Towamencin's next Board of Supervisors' meeting. On June 14, 2022, Towamencin executed an asset purchase agreement (APA) to sell the township's wastewater system to NextEra Water Pennsylvania, LLC (NextEra Water). In March 2023, NextEra Water exited the transaction and Pennsylvania American Water agreed to step in as the buyer under essentially the same terms agreed to by NextEra Water. PAW acquired the rights to the APA effective March 24, 2023. On July 2, 2024, the Pennsylvania Public Utility Commission (PUC) finalize
Today, California American Water announced its partnership with Paired Power, a leading U.S. solar microgrid manufacturer, to deliver resilient renewable energy to its company's San Diego District electric vehicles without relying on the grid. The company recently installed Paired Power's PairTree, a U.S.-made solar canopy that combines solar power with available grid power and battery storage to deliver day or night charging for electric vehicles. As a fully resilient source of electricity, PairTree can also provide emergency backup power during grid outages and help reduce dependence on the grid. "We are excited to work with Paired Power to complete this important project that will al
Leading U.S. solar microgrid manufacturer Paired Power announces its partnership with California American Water to deliver resilient EV charging without relying solely on the grid. The installation of Paired Power's solar EV charger PairTree™ reflects California American Water's disaster-preparedness and commitment to help meet California's emission reduction goals and improve locals' air quality, health, and safety. "We're honored that California American Water chose Paired Power to help power its electric vehicles," said Paired Power CEO Tom McCalmont. "We made PairTree with the future in mind, and it's exciting to see our charging solution being embraced by such a respected and forwa
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
Recipients include eight nonprofit organizations across Pennsylvania The American Water Charitable Foundation, a 501(c)(3) organization established by American Water, the largest regulated water and wastewater utility company in the U.S., recently announced 8 organizations were awarded a 2023 Workforce Readiness and STEM Education grants, supporting communities served by Pennsylvania American Water. "Investing in the communities and the people we serve is very important to us at Pennsylvania American Water," said Justin Ladner, company president and member of the Foundation's board of trustees. "We believe that when we partner with area nonprofit organizations that educate and empower s
California American Water announced today that Aiko Yamakawa, Director, Corporate Counsel, has been elected to the Board of Directors of the California Asian Pacific Chamber of Commerce (CalAsian Chamber). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231221415370/en/Aiko Yamakawa, Director, Corporate Counsel for California American Water and Pat Fong Kusihda, President & CEO of the CalAsian Chamber of Commerce. (Photo: Business Wire) Yamakawa brings over 18 years of experience in corporate law and advising water utilities to the CalAsian Chamber Board of Directors. She joined California American Water in 2020 and has been prov
Recipients include two nonprofit organizations in Missouri The American Water Charitable Foundation, a 501(c)(3) organization established by American Water, the largest regulated water and wastewater utility company in the U.S., recently announced two organizations were awarded a 2023 Workforce Readiness Grant, supporting communities served by Missouri American Water. "We are pleased to announce the recipients of this grant who play a critical role in developing future members of the workforce," said Rich Svindland, President of Missouri American Water. "The programs can have a long-lasting impact on the economic vitality of communities by creating opportunities for area youth through t
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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
HSBC upgraded American Water Works Co from Hold to Buy and set a new price target of $182.00 from $190.00 previously
Barclays reiterated coverage of American Water Works Co with a rating of Equal-Weight and set a new price target of $166.00 from $187.00 previously
UBS upgraded American Water Works Co from Sell to Neutral and set a new price target of $161.00 from $164.00 previously
Wells Fargo reiterated coverage of American Water Works Co with a rating of Underweight and set a new price target of $162.00 from $170.00 previously