American Water Works (NYSE:AWK) Receives Upgrade Amid Investigation

Core Viewpoint - Wells Fargo upgraded American Water Works (AWK) to "Overweight," indicating a positive outlook for the company's future performance despite an ongoing investigation into its proposed acquisition of Essential Utilities, Inc. [1][2][5] Company Overview - American Water Works is a leading water and wastewater utility company in the United States, providing essential services to millions of people across the country [1]. - The company has a market capitalization of approximately $26.92 billion, highlighting its significant presence in the utility sector [4][5]. Stock Performance - At the time of the upgrade, AWK's stock price was $137.99, but it has since decreased by 2.54%, or $3.60, reflecting some volatility [1][3][5]. - The stock has fluctuated between a low of $135.40 and a high of $140.50 on the day of the report, with a yearly high of $155.50 and a low of $118.74 [3]. Trading Activity - AWK's stock is actively traded, with a current trading volume of 3,438,602 shares on the NYSE, indicating strong investor interest in the company's future prospects [4][5].