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American Water Works Company, Inc - AWK STOCK NEWS

Welcome to our dedicated page for American Water Works Company news (Ticker: AWK), a resource for investors and traders seeking the latest updates and insights on American Water Works Company stock.

American Water Works Company, Inc. (AWK), founded in 1886, is the largest publicly traded U.S. water and wastewater utility company. Headquartered in Voorhees, N.J., American Water employs over 6,800 dedicated professionals, providing drinking water, wastewater, and related services to about 14 million people across more than 40 states and parts of Canada. The company's core business focuses on regulated markets, ensuring reliable water and wastewater services to residential, commercial, and industrial customers.

American Water's regulated business serves approximately 3.5 million customers in 16 states, maintaining a strong presence in the U.S. water utility sector. In addition to its regulated operations, American Water also manages a nonregulated business that provides water services to military bases under long-term contracts, offering consistent regulated-like returns.

American Water is recognized for its commitment to sustainability, investing in infrastructure to improve water quality and reliability. The company continuously engages in various projects to enhance its services and expand its reach. Recent achievements include significant upgrades to water treatment facilities and the implementation of advanced technologies to ensure efficient water management.

Financially, American Water maintains a robust position, consistently delivering value to its shareholders. Strategic partnerships and innovative initiatives contribute to the company's growth and stability. American Water's dedication to excellence in service and infrastructure development underscores its role as a leader in the water utility industry.

For more detailed information about American Water and the latest updates, visit www.amwater.com.

  • Latest News: Source: New Jersey American Water
  • Latest News: Source: West Virginia American Water
  • Latest News: Source: California American Water
  • Latest News: Source: Virginia American Water
  • Latest News: Source: American Water Charitable Foundation
  • Latest News: Source: American Water
  • Latest News: Source: Pennsylvania American Water
News

American Water Reports Strong 2023 Results; Affirms Long-Term Growth Targets; Increases 2024 EPS Guidance Resulting From Note Restructuring

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American Water Works Company, Inc. (AWK) reported strong financial performance in 2023, with earnings per share of $4.90, compared to $4.51 in 2022. The company invested $2.7 billion in capital, increasing rate base by 10.7% year-over-year. The 2024 earnings per share guidance range was raised to $5.20 to $5.30 from $5.10 to $5.20 due to interest income on a legacy note restructuring.
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California American Water Appeals Ruling on LAFCO Decision

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California American Water appeals Superior Court's decision regarding Monterey Peninsula Water Management District's application to become a retail water supplier. The court's ruling could potentially impact the water service for Monterey customers. MPWMD faces challenges in operating the complex water system.
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American Water Charitable Foundation Invests More Than a Quarter Million Dollars in California and Hawaii

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American Water (NYSE: AWK) Charitable Foundation, a 501(c)(3) organization, awarded $257,000 in 2023 to support communities served by California and Hawaii American Water. The funding focused on improving communities, water and the environment, workforce readiness, and STEM education. The grant funding is made possible by American Water's shareholders, not by ratepayers.
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American Water Named One of America’s Most JUST Companies by JUST Capital and CNBC

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American Water (AWK) has been named one of America’s Most JUST Companies by JUST Capital and CNBC, ranking 68th overall and the highest-ranked water utility. The company's commitment to employees, customers, communities, and shareholders has been recognized, with significant positive impact on workers' wages, career development training, parental leave, CO2 emissions, profit margin, return on equity, and dividend yield.
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American Water Shares Convenient Ways for Customers to Pay their Water Bill

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American Water offers customers five convenient payment options for their water bills, including automatic payments, online payments, payments by mail, payments by phone, and in-person payments. Customers can enroll in the Auto Pay program to have their bill paid on time every month, and also have the option to pay online, by mail, by phone, or in person. There is a $1.95 fee for online transactions. Payments by mail should be made with a check or money order, and payments by phone can be made 24/7. In-person payments can be made at American Water state locations.
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American Water Charitable Foundation Launches 2024 Water and Environment Grant Program

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American Water Charitable Foundation, established by American Water, has launched the 2024 Water and Environment Grant Program, merging it with the former Environmental Grant Program. The program invites community partners to apply for grants promoting clean water, conservation, environmental education, and more. In 2023, over $1 million in grants were awarded, benefiting communities served by American Water. The Foundation has invested $15.5 million in funding since 2012, supporting impactful initiatives and programs across the nation.
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American Water Charitable Foundation Donated $3.5 Million in 2023 to Support and Strengthen Communities

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American Water Charitable Foundation, established by American Water (NYSE: AWK), awarded a total of $3.5 million to organizations across the U.S. through the Keep Communities Grant Program. Additionally, employees participated in the Foundation’s Employee Matching Gift and Rewards Programs, donating over $500,000 to charities. Since 2012, the Foundation has invested $15.5 million in funding. The PR highlights the positive impact on communities served by American Water.
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Illinois American Water Files Rate Request Driven by $557 Million in Future Investments

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Illinois American Water filed a rate request with the Illinois Commerce Commission reflecting $557 million in water and wastewater system investments to be made through 2025. The request emphasizes the company’s commitment to providing clean, safe, reliable, and affordable service. The investment includes infrastructure improvements, pipeline replacements, lead water service line replacements, and upgrades to water treatment facilities. The company's last general rate case was filed in January 2022, with new rates becoming effective in January 2023.
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New Jersey American Water Files Rate Request Driven by Over $1.3 Billion in Investment

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New Jersey American Water filed a petition with the New Jersey Board of Public Utilities requesting new rates, driven by over $1.3 billion in capital investments through December 2024. The company aims to replace aging infrastructure, meet water quality and environmental regulations, increase fire protection, and address other water and wastewater service needs. The proposed rates, if approved, would result in an increase in the water bill for the average residential customer.
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American Water’s 2023 Year-End Conference Call Scheduled for February 15, 2024

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American Water Works Company, Inc. (AWK) plans to release its 2023 fourth quarter and year-end financial results on February 14, 2024. The company's top executives will host a conference call and webcast on February 15, 2024, to discuss the results, followed by a question-and-answer session. Interested parties can listen to the webcast and access presentation slides on the Investor Relations website. A replay of the webcast will also be available for one year. The company emphasizes the importance of its website as a channel for reaching investors and disclosing material information in compliance with SEC Regulation FD.
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FAQ

What is the current stock price of American Water Works Company (AWK)?

The current stock price of American Water Works Company (AWK) is $137.31 as of November 22, 2024.

What is the market cap of American Water Works Company (AWK)?

The market cap of American Water Works Company (AWK) is approximately 27.0B.

What does American Water Works Company, Inc. do?

American Water Works provides drinking water and wastewater services to residential, commercial, and industrial customers in the U.S. and Canada.

Where is American Water Works headquartered?

American Water Works is headquartered in Voorhees, New Jersey.

How many employees does American Water Works have?

American Water Works employs over 6,800 professionals.

How many customers does American Water Works serve?

American Water Works serves approximately 3.5 million customers in 16 states.

What are the key areas of American Water's business?

American Water operates predominantly in regulated markets, with a nonregulated segment providing water services to military bases.

How long has American Water been in operation?

American Water has been in operation since 1886.

What recent achievements has American Water made?

Recent achievements include upgrades to water treatment facilities and the implementation of advanced water management technologies.

How does American Water contribute to sustainability?

American Water invests in infrastructure improvements to enhance water quality and reliability, demonstrating its commitment to sustainability.

What is the financial condition of American Water?

American Water maintains a robust financial position, consistently delivering value to its shareholders through strategic partnerships and innovative initiatives.

Where can I find more information about American Water?

More information about American Water can be found at www.amwater.com.

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American Water Works Company, Inc

NYSE:AWK

AWK Rankings

#445 Ranked by Market Cap
#1282 Ranked by Dividends

AWK Stock Data

27.05B
194.14M
0.12%
93.7%
1.89%
Utilities - Regulated Water
Water Supply
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United States of America
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