American Water Works (AWK) Stock

American Water Works (AWK) saw significant activity in the last trading session with above-average volume. However, the recent changes in earnings estimates may not support the stock's upward movement in the short term.

Utility stocks with low beta, such as AWK, IDA, NEE, and NJR, are considered a reliable choice when the market is unstable. These stocks tend to be less affected by market fluctuations. Investing in them can provide more stability during uncertain times.

MECHANICSBURG, Pa.--(BUSINESS WIRE)---- $AWK--The Shapiro administration has revealed that Pennsylvania American Water received two low-interest loans and a grant from the Pennsylvania Infrastructure Investment Authority (PENNVEST) amounting to $19.3 million. This funding will help with two infrastructure improvement projects, which involve upgrading wastewater treatment plants and replacing lead water service lines in McKean and Allegheny counties. “In Pennsylvania...

ST. LOUIS--(BUSINESS WIRE)--The American Water Charitable Foundation, a nonprofit created by American Water (NYSE: AWK), the biggest regulated water and wastewater utility in the U.S., and Missouri American Water, has announced that it has given out $100,000 in State Strategic Impact grants to various organizations across the state. These groups offer direct assistance to the communities that Missouri American Water serves. "With this grant, we are able to..."

AWK presents a good investment chance for investors due to its increasing earnings forecasts, consistent dividends, and growth through both natural and acquired methods.

CAMDEN, N.J.--(BUSINESS WIRE)--American Water (NYSE: AWK), the biggest regulated water and wastewater utility in the U.S., has announced that Robert Burton, who is now the president of West Virginia American Water, will become the president of Kentucky American Water. He will take over from Kathryn Nash, who is set to retire on March 1, 2025. Furthermore, Scott Wyman will start as the president of West Virginia American Water on January 27, 2025.

HARDIN, Ill.--(BUSINESS WIRE)--Illinois American Water has finished significant improvements at its water treatment plant in Hardin. Last fall, they invested $500,000 to install a sodium permanganate chemical feed system. Sarah Bowman, the Senior Operations Manager for the Central Division, explained that the groundwater in Hardin contains high amounts of natural iron and manganese, so sodium permanganate has been included in the water treatment process.

LAS VEGAS--(BUSINESS WIRE)--The Las Vegas Valley Water District (LVVWD) has chosen American Water Resources, a top provider of home protection plans, to provide optional water line protection services for local residents. Together, LVVWD and American Water Resources have created a cost-effective way for homeowners to safeguard against unexpected and expensive water line repairs. This service is available for homeowners who receive water from LVVWD.

SAN DIEGO--(BUSINESS WIRE)--California American Water wants to help you start the new year with tips for saving both water and money. To make things easier, consider signing up for MyWater, which allows you to quickly manage your water or wastewater account. If you're already a member, ensure your contact details are current so you can easily view and pay your bill, check your balance, and set up Auto Pay and Paperless options from home.