Why American Water Works Company Inc (NYSE: AWK) Stock is a Buy

4371 17 0 0 0 0 (0)

American Water Works (NYSE: AWK) is the largest and most geographically diverse publicly traded U.S. water and wastewater utility company. The company serves approximately 15 million people with drinking water, wastewater, and other water-related services in 46 states and Ontario, Canada. The company was founded in 1886 and is headquartered in Camden, New Jersey. It also undertakes contracts with the United States government to provide water and wastewater services on various military bases.

 American Water Works (NYSE: AWK) reported 3rd 2018 earnings on October 31st of $1.20 per share on revenue of $976.0 million. The consensus earnings estimate was $1.16 per share on revenue of $955.5 million. Revenue grew 4.3% on a year-over-year basis.  American Water Works is scheduled to release their next quarterly earnings announcement on Tuesday, February 19th, 2019.

The company operates in two segments; Regulated Businesses and Market-Based Operations. American Water saw strong growth in its regulated business as it added 16,500 new customers through closed acquisitions and organic growth as well as an additional 56,000 customers through pending acquisitions. In its market-based operations, the company was awarded four new municipal partnerships. Moreover, American Water won a new military services contract with Fort Leonard Wood military base in Missouri which brings the number of military bases the company serves to 14.  

With the nation's drinking water and wastewater infrastructure in shambles, American Water is doing its part to fix the problem. AWK has been able to expand across the country, thanks to meticulously thought out "tuck-in" acquisitions. AWK stock has returned 471% since the company went public just over 10 years ago, nearly three times the S&P 500's 165% return. The company has raised its dividend each year since its initial public offering and we see no reason for this to come to an end anytime soon. We rate American Water Works (NYSE: AWK) Stock a Buy.  


Why should you trust our ratings?

The Hade Platform has proven over the course of three years through the application of Deep Learning Algorithms (DLA) and Artificial Intelligence (AI) that it consistently outperforms Wall Street consensus estimates (63%) and major benchmarks such as the S&P 500 (250%). Access our premium services and start beating the market. 

Free users on Hade Platform can build a watchlist of stocks and access investment grades from our database of more than 4,000 securities. Premium members can access the platform to get an instant look at which stocks rate highest for value, growth, dividend, and which have the greatest short-term momentum, thereby allowing members to identify areas of opportunity. Premium services include interest trends, risk analysismachine learning predictions, Top 100 stocksMatriX Portfolio and more.


Comments (0)

Recent Updates

  •   
    Mar 6, 2019 11:15 PM

    DENTSPLY SIRONA Inc - Consumables Revenue

  •   
    Mar 6, 2019 11:15 PM

    DENTSPLY SIRONA Inc - Europe Revenue

  •   
    Mar 6, 2019 11:15 PM

    DENTSPLY SIRONA Inc - United States Revenue

  •   
    Mar 6, 2019 11:15 PM

    DENTSPLY SIRONA Inc - Rest of World Revenue

  •   
    Mar 6, 2019 11:15 PM

    DENTSPLY SIRONA Inc - Technologies and Equipment Total Net Sales ex. PM sales Revenue

  •   
    Mar 6, 2019 11:15 PM

    DENTSPLY SIRONA Inc - Technologies and Equipment Revenue