Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission file number: 001-34028 Delaware 51-0063696 (State or other jurisdiction of incorporation or organization) (I ...

American Water Works (AWK) is set to report third-quarter 2024 earnings on Oct. 30, after market close. The Zacks Consensus Estimate for earnings is pegged at $1.84 per share and that for revenues is pinned at $1.21 billion. The estimates indicate an increase of 10.84% and 3.3% for both bottom and top lines, respectively, from the year-ago reported numbers. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Per our proven model, stocks with a combination of a positive Earnings ESP and ...

NEWTOWN, Pa., Oct. 11, 2024 (GLOBE NEWSWIRE) -- The law firm of Edelson Lechtzin LLP is investigating claims regarding data privacy violations by American Water Works Company, Inc. (“American Water”). American Water learned of suspicious activity on or about October 7, 2024. To join this case, go HERE. About American Water Works Company, Inc. American Water is a public utility company based in Camden, New Jersey. Through its subsidiaries, American Water provides water and wastewater services across 14 state ...

American Water, the largest water utility in the U.S., disclosed that it had been hit by a cyberattack.The Camden, New Jersey-based company said in a security statement on its website that it had learned of "unauthorized activity in our computer networks and systems" last Thursday, which it determined "to be the result of a cybersecurity incident."The company said on Tuesday that it shut down its customer service portal, and as a result, its billing function "until further notice" and will not charge any la ...

U.S. public utility giant American Water says it has disconnected some of its systems after discovering that hackers breached its internal networks last week. American Water, which supplies drinking water and wastewater services to more than 14 million people across the United States, confirmed the security incident in an 8-K regulatory filing with the U.S. Securities and Exchange Commission on Monday. The New Jersey-based company said in its filing that its water and wastewater facilities are “at this time ...

Now that the most important event of the year, the Federal Reserve (the Fed) interest rate cuts, is over, investors wonder where their capital can be safely treated in the face of potential volatility in the coming months. To satisfy this need to keep a stable portfolio, a decent weight in low beta stocks, characterized by smaller average daily moves compared to the S&P 500 index, is called for.Some investors only focus on a stock's beta without considering some of the fundamentals and sentiment that the ma ...

American Water Works Company, Inc.’s (AWK) strategic capital investments to strengthen infrastructure and improve reliability are likely to boost its performance. Given its growth opportunities, rising earnings estimates make AWK a solid investment option in the utility sector.The company currently carries a Zacks Rank #2 (Buy). Let’s look at the factors that are driving the stock.Growth Projections & Surprise History The Zacks Consensus Estimate for 2024 and 2025 earnings per share (EPS) has increased 0.6% ...

On Sept. 18, the Fed reduced the benchmark interest rate by 50 basis points to the range of 4.75-5%. This marked the first rate cut since March 2020. Despite an aggressive rate cut, Wall Street ended in negative territory as market participants were concerned that the big rate cut was a move by the central bank to protect the economy from an imminent recession.In contrast, on Sept. 19, U.S. stock markets witnessed an impressive rebound following a strong labor market data. Investors seem convinced that the ...

The U.S. Federal Reserve has finally lowered the benchmark rate by 50 basis points, bringing down rates to a range of 4.75%-5% from the 5.25%-5.5% range. The rates were lowered for the first time in four years, much in line with the expectations of the financial market. Capital-intensive domestic-focused utilities will benefit from the Fed's decision to reduce interest rates. The performance of the rate-regulated utilities remains steady through different economic cycles, and it allows them to reward shareh ...

Wall Street is keenly waiting for the outcome of the Fed’s most crucial FOMC meeting scheduled Sept. 17-18. Market participants are highly enthusiastic about the beginning of the low interest rate and accommodative monetary regime. The CME FedWatch tool currently shows a 100% probability of a 25-basis-point rate cut along with a 35% chance of a 50-basis-point rate cut this month.  Under this scenario, the utility sector is in focus. Utility operations are capital-intensive, as consistent investments are req ...