American Water Works pany(AWK)
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American Water Shares Holiday Tips for Safe Disposal of Fats, Oils, and Grease
Businesswire· 2025-11-18 16:53
Core Points - American Water emphasizes the importance of proper disposal of fats, oils, and grease (FOGs) to protect plumbing and wastewater systems, which in turn safeguards communities and the environment [2][3] - The company provides practical tips for disposing of FOGs, including not rinsing them down the drain, using a strainer, and scraping food scraps into the trash before washing dishes [6] 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] - The company reported revenues of $4.68 billion and net income of $1.05 billion for the year 2024 [8][13] - American Water has a workforce of 6,700 employees and has been operational since 1886 [4][8]
California American Water and Assemblywoman Soria Partner to Support Madera County Food Bank
Businesswire· 2025-11-13 20:00
Core Points - California American Water partnered with Assemblywoman Esmeralda Soria to donate $2,500 to the Madera County Food Bank as part of the Operation Gobble campaign [1][3] - Operation Gobble is a charitable initiative that has evolved from a turkey donation program to providing direct financial support to local food banks across California [2] - The donation aims to assist the Madera County Food Bank in providing food assistance to families in need, especially during the holiday season [3][4] Company Overview - California American Water is a subsidiary of American Water, which is the largest regulated water and wastewater utility company in the United States, serving over 14 million people [5][7] - The company is committed to providing safe, clean, reliable, and affordable water services, and actively engages in community support initiatives [4][5] Recent Developments - California American Water is currently constructing a new water treatment facility in Madera County to enhance water quality and service reliability [10] - The company is also undertaking a $1.4 million meter installation project in the Fruitridge Vista Water District to improve service reliability and billing accuracy [11]
American Water Works Stock Outlook: Is Wall Street Bullish or Bearish?
Yahoo Finance· 2025-11-13 13:14
Company Overview - American Water Works Company, Inc. (AWK) is headquartered in Camden, New Jersey, providing water and wastewater services to approximately 1,700 communities across 14 states, serving around 3.5 million active customers. The company has a market capitalization of $25.3 billion and operates an extensive infrastructure including wastewater treatment plants, pipelines, wells, dams, and storage facilities [1]. Stock Performance - AWK shares have underperformed the broader market over the past year, declining by 2%, while the S&P 500 Index has increased by nearly 14.5%. Year-to-date, AWK stock is up 4.2%, compared to a 16.5% rise in the S&P 500 [2]. - Compared to the Global X Clean Water ETF (AQWA), which gained about 8.9% over the past year and 16.4% year-to-date, AWK's performance has been less favorable [3]. Q3 Financial Results - On October 29, AWK reported its Q3 results, with an EPS of $1.94, surpassing Wall Street expectations of $1.90. The company's revenue reached $1.5 billion, exceeding forecasts of $1.3 billion [4]. Earnings Expectations - For the current fiscal year ending in December, analysts expect AWK's EPS to grow by 6.3% to $5.73 on a diluted basis. The company's earnings surprise history is mixed, having beaten consensus estimates in three of the last four quarters while missing once [5]. Analyst Ratings - Among the 15 analysts covering AWK stock, the consensus rating is a "Hold," consisting of three "Strong Buy" ratings, ten "Holds," one "Moderate Sell," and one "Strong Sell" [5]. - The analyst outlook has improved slightly, with two analysts suggesting a "Moderate Sell" a month ago. On November 5, Jefferies Financial Group upgraded AWK to a "Hold" rating with a price target of $124. The mean price target of $143.91 indicates a 10.9% premium to current price levels, while the highest price target of $160 suggests an upside potential of 23.3% [6].
Pennsylvania American Water Awards more than $130K to Local Fire Departments
Businesswire· 2025-11-12 17:27
Core Points - Pennsylvania American Water awarded $131,500 in grants to 203 fire and rescue organizations across 32 counties through its 2025 annual Firefighting Support Grant Program [1] - Since the inception of the grant program in 2009, Pennsylvania American Water has contributed over $1 million to assist local fire departments in acquiring emergency gear, life-saving equipment, training materials, and essential firefighting apparatus [1]
American Water Executives Share Industry Expertise at 2025 NARUC Annual Meeting
Businesswire· 2025-11-11 18:00
Core Insights - American Water, the largest regulated water and wastewater utility company in the U.S., participated in the 2025 NARUC Annual Meeting & Education Conference to discuss the future of utility services [1] Group 1: Company Participation - The event took place from November 9-12 in Seattle, Washington, gathering state regulators, utility executives, and industry experts [1] - The conference focused on evolving policy, climate, and customer expectations impacting utility services [1]
Sarah E. Leeper Named President of California American Water and Hawaii American Water
Businesswire· 2025-11-05 16:39
Core Points - California American Water has appointed Sarah E. Leeper as the new President of California American Water and Hawaii American Water, effective immediately [1] - Leeper succeeds Kevin Tilden, who will leave the company on December 31 [1] - Cheryl Norton, EVP and Chief Operating Officer of American Water, expressed enthusiasm for Leeper's new role and extended best wishes to Tilden [1]
California American Water is Constructing New Treatment Facility in Oakhurst
Businesswire· 2025-11-04 19:09
Core Insights - California American Water has initiated the construction of a new water treatment facility in Madera County, which represents a significant investment aimed at enhancing water service quality and system reliability for customers in the Goldside system [1] Company Developments - The new treatment facility is designed to improve water quality and ensure compliance with health and safety standards without any interruption to service [1]
Virginia American Water Files Rate Request Driven by More Than $115 Million in Investment
Businesswire· 2025-11-03 21:30
Core Points - Virginia American Water has filed a request with the Virginia State Corporation Commission for new rates, reflecting over $115 million in investments in water and wastewater systems [1] - The request emphasizes the company's commitment to replacing aging infrastructure and ensuring safe, clean, reliable, and affordable service in compliance with environmental regulations [1] Investment and Infrastructure - The proposed rate changes are a result of significant investments aimed at modernizing the water and wastewater systems [1] - The company aims to enhance service quality and reliability for its customers through these long-term investments [1]
Pennsylvania American Water Offers Customer Assistance Options
Businesswire· 2025-10-31 16:49
Core Viewpoint - Pennsylvania American Water is addressing the financial challenges faced by customers due to the government shutdown by offering various payment plans and assistance programs [1] Company Initiatives - The company is implementing several payment plans to support customers with their water and wastewater bills [1] - Pennsylvania American Water is sensitive to the impact of the government shutdown on its customers, as stated by Gary Lobaugh, the director of government and external affairs [1]
Essential Utilities: I'm Holding Shares Ahead Of The Merger (NYSE:WTRG)
Seeking Alpha· 2025-10-31 13:05
Core Insights - American Water Works (AWK) announced its acquisition of Essential Utilities (WTRG), marking a significant merger in the U.S. water utility sector [1]. Company Summary - American Water Works (AWK) is expanding its portfolio through the acquisition of Essential Utilities (WTRG), which is expected to enhance its market position within the water utility industry [1]. - Essential Utilities (WTRG) will be integrated into American Water Works, potentially leading to increased operational efficiencies and market reach [1].