Investors continually ponder whether the future of the U.S. economy faces a notable slowdown or not.Consumer spending, which fueled economic growth in 2023, is expected to diminish slightly in the coming months. However, Wells Fargo’s senior global market strategist, Scott Wren, anticipates a cooling economy as job market conditions ease, leading to a reduction in retail spending. Factors such as increased household debt and a decline in personal savings rates contribute to concerns about consumer-driven ec ...

American Water Works (AWK) announced that its unit, New Jersey American Water, would invest $3.8 million to replace one mile of the old water main in Ocean City. The company will replace aging 4 and 6-inch water lines with new 8-inch ductile iron mains. The fresh investment will improve water service reliability and increase water flow for household consumption and fire protection.The company is committed to removing and replacing old water mains and improving the service quality for its customers.Aging Wat ...

CAMDEN, N.J.--(BUSINESS WIRE)--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., announced today it awarded a combined total of $3.5 million to organizations across the U.S., supporting communities served by American Water in 2023. Through the American Water Charitable Foundation’s Keep Communities Grant Program, $3 million was awarded to 236 non-profit organizations across ...

Investors looking for stocks in the Utility - Water Supply sector might want to consider either Veolia Environnement SA (VEOEY) or American Water Works (AWK) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive ...

BELLEVILLE, Ill.--(BUSINESS WIRE)--Illinois American Water filed a rate request today with the Illinois Commerce Commission (ICC) reflecting $557 million in water and wastewater system investments to be made through 2025 to continue providing clean, safe, reliable and affordable service. The request reinforces the company’s commitment to investing in its water and wastewater systems to replace aging infrastructure, provide reliable service, enhance water quality and comply with environmental regulations. ...

A downtrend has been apparent in American Water Works (AWK) lately with too much selling pressure. The stock has declined 7.8% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.How to Determine if a Stock is OversoldWe use Relative Strength Index (RSI), one of the most commonly used technical indicato ...

Water utilities work day in and day out to ensure an uninterrupted supply of clean, potable water and reliable sewer services to millions of customers in the United States. These are essential for healthy and hygienic living.The aging of pipelines is concerning but water utilities continue with their upgrade and maintenance projects to minimize disruptions in operations. American Water Works Company (AWK) , with its widespread operations, provides services to domestic customers and military bases and offers ...

CAMDEN, N.J.--(BUSINESS WIRE)--New Jersey American Water filed a petition today with the New Jersey Board of Public Utilities (BPU) requesting new rates, driven by more than $1.3 billion in capital investments through December 2024, to continue providing safe and reliable service. The company continues to make needed investments to replace aging infrastructure, meet water quality and environmental regulations, provide resiliency of operations, increase fire protection, and meet customers’ other water and wa ...

CAMDEN, N.J.--(BUSINESS WIRE)--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 intere ...

MECHANICSBURG, Pa.--(BUSINESS WIRE)--Pennsylvania American Water will join the Pennsylvania Public Utility Commission (PUC) to hear public comment on the company’s recent rate request during a series of eight in-person and four telephonic public hearings to be held between Jan. 29 and Feb. 7. Customers are invited to provide input on the rate request Pennsylvania American Water filed on Nov. 8, 2023, to adjust its water and wastewater rates. The rate request reflects $1 billion in water and wastewater syst ...