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 puts an emphasis on earnings estim ...

Americans, who were till some time back confident about the nation’s economy, have suddenly started growing more concerned about the future. A sudden jump in inflation in January appears to have dented their confidence.The Conference Board said on Feb 27 that consumer confidence declined to 106.7 in February after increasing to 110.9 in January, when confidence level hit a two-year high. The unexpected decline comes after three straight months of increase.Consumers' expectations of inflation fell to 5.2%, h ...

PACIFIC GROVE, Calif.--(BUSINESS WIRE)--Today, California American Water filed a motion asking the Monterey County Superior Court to dismiss the Monterey Peninsula Water Management District's (District) lawsuit seeking a government takeover of the company's Monterey Peninsula water system through eminent domain. The motion argues that the District’s lawsuit fails to meet fundamental legal requirements necessary to proceed with such a significant action and should be dismissed. The motion is scheduled for a ...

Core Insights - New Jersey American Water announced a total investment of over $507 million for system improvements in 2023, emphasizing its commitment to providing safe, affordable, and reliable water and wastewater services [1][2] Investment Highlights - The company invested $175 million to install, replace, or rehabilitate over 91 miles of main, enhancing water quality, pressure, fire protection, and service reliability [2] - Approximately $2.76 million was allocated for leak detection equipment to improve response capabilities to leaks and breaks [2] - Over $28 million was spent on improvements at water treatment facilities, including upgrades at Jumping Brook, Canal Road, and Raritan Millstone Water Treatment Plants [2] - An investment of approximately $17.8 million was made to replace 458 fire hydrants and 1,723 valves [2] - New Jersey American Water replaced 13,776 service lines, representing an investment of about $87.8 million [2] - The company rehabilitated five tanks and conducted detailed inspections of 40 tanks, totaling an investment of approximately $10.1 million [2] Company Overview - American Water is the largest regulated water and wastewater utility company in the U.S., serving over 14 million people across 14 states and 18 military installations [4] - New Jersey American Water, a subsidiary of American Water, is the largest regulated water utility in New Jersey, providing services to approximately 2.9 million people [5]

CAMDEN, N.J.--(BUSINESS WIRE)--American Water (NYSE: AWK), the largest regulated water and wastewater utility company in the U.S., announced today that three representatives will join regulatory policy panels at the National Association of Regulatory Utility Commissioners’ (NARUC) Winter Policy Summit, taking place from February 25 through 28 in Washington, D.C. American Water will have a leading presence at the conference to discuss issues of heightened importance to commissioners, customers and communitie ...

Volatility has returned to Wall Street after the rally, which started in early January, came to a sudden halt last week after fresh data showed that inflation rose last month. An unexpected jump in inflation has once again dimmed hopes of the Federal Reserve going for its first rate cut in March.The Commerce Department last week reported that the consumer price index (CPI) rose 0.3% month over month in January and 3.1% from a year ago. Also, core CPI, which excludes the volatile energy and food prices, rose ...

Core Insights - California American Water is continuing its Aquifer Storage and Recovery (ASR) program to capture and store excess water during the rainy season for use in drought periods [1][2] - The ASR initiative captures excess winter flows from the Carmel River and replenishes underground aquifers through a network of wells, pumps, and pipelines [1] - The company is combining the ASR program with water recycling and a desalination project to create a diversified water portfolio to better serve the community [1][2] ASR Program Details - Since the start of the ASR season, California American Water has captured over 300 acre-feet of water for future use [2] - Collaboration with partner agencies enhances water level monitoring and injection efforts, ensuring community water needs are met [2] Company Overview - American Water is the largest regulated water and wastewater utility company in the U.S., serving over 14 million people across 14 jurisdictions [3] - California American Water, a subsidiary of American Water, provides services to approximately 700,000 people [4]

CAMDEN, N.J.--(BUSINESS WIRE)--American Water (NYSE: AWK), the largest regulated water and wastewater utility company in the U.S., today announced that it has been awarded a new grant from The Water Research Foundation (WRF), Determining the Role of Spectral Imaging as an Early Warning System for Presence/Significance of Algal Blooms [5266]. This research aims to develop cost-effective tools for early and reliable identification of harmful algal blooms. “American Water is delighted to partner with The Wa ...

ST. LOUIS--(BUSINESS WIRE)--Missouri American Water announces the launch of the American Water Charitable Foundation 2024 Water and Environment Grant Program. “This program focuses on helping local organizations carry out meaningful, sustainable initiatives that can ultimately benefit our watersheds,” said Rich Svindland, president of Missouri American Water. “We encourage schools, environmental organizations and civic groups located in our service territories throughout the state to apply for a water-re ...

CAMDEN, N.J.--(BUSINESS WIRE)--American Water (NYSE: AWK), the largest regulated water and wastewater utility company in the U.S., announced today that it has been ranked number 1 in the utilities industry on Forbes America's Best Large Employers 2024 list. The ranking is based on an independent survey of employees. "American Water is honored to receive recognition on Forbes America's Best Large Employers 2024 list," said M. Susan Hardwick, President and Chief Executive Officer, American Water. "We are e ...