Dernières nouvelles pour American Water Works (NYSE:AWK) Stock

American Water Works

American Water Works is the largest investor-owned us water and wastewater utility, serving approximately 3.5 million customers in 16 states. It provides water and wastewater services to residential, commercial, and industrial customers and operates predominantly in regulated markets. The company's nonregulated business is water services for military bases, which operates under long-term contracts with regulated-like returns.

American Water Works Co

American Water Works Company, Inc. Common Stock

American Water Works Co Inc

AWAKN LIFE SCIENCES CORP by Awakn Life Sciences Corp.

Awakn Life Sciences Corp

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Guggenheim analyst Howard Ma downgraded the rating for Commvault Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVLT#NASDAQ">CVLT</a>) from Buy to Neutral. CommVault shares gained 0.7% to close at $163.91 on Monday. <a href="https://www.benzinga.com/quote/CVLT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Keybanc analyst Jeffrey Hammond downgraded Lennox International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LII#NYSE">LII</a>) from Overweight to Sector Weight. Lennox shares gained 0.4% to close at $606.64 on Monday. <a href="https://www.benzinga.com/quote/LII/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Benchmark analyst Kurt Hallead downgraded the rating for Noble Corporation plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NE#NYSE">NE</a>) from Buy to Hold. Noble shares fell 2.7% to close at $34.92 on Monday. <a href="https://www.benzinga.com/quote/NE/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Mizuho analyst Anthony Crowdell downgraded American Water Works Company, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWK#NYSE">AWK</a>) from Outperform to Neutral but raised the price target from $131 to $140. American Water Works shares gained 1.1% to close at $140.37 on Monday. <a href="https://www.benzinga.com/quote/AWK/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Macquarie analyst Robert Stein downgraded the rating for Arcadium Lithium plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALTM#NYSE">ALTM</a>) from Outperform to Neutral and announced a $5.85 price target. Arcadium Lithium shares fell 0.4% to close at $5.54 on Monday. <a href="https://www.benzinga.com/quote/ALTM/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying LII stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="508" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/15091542/image-115-1024x508.png" alt="" class="wp-image-596098" style="width:623px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/15091542/image-115-1024x508.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/15091542/image-115-300x149.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/15091542/image-115-768x381.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/15091542/image-115.png 1337w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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News

Downgrades

Pre-Market Outlook

Markets

Analyst Ratings

Trading Ideas

ALTM

CVLT

This Lennox International Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Tuesday

5 analysts have shared their evaluations of American Water Works (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWK#NYSE">AWK</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for American Water Works, revealing an average target of $141.2, a high estimate of $164.00, and a low estimate of $124.00. Witnessing a positive shift, the current average has risen by 0.38% from the previous average price target of $140.67.
<img src="https://www.benzinga.com/files/images/story/2024/1728993666_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive American Water Works. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Anthony Crowdell</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Neutral</td>
<td>$140.00</td>
<td>$131.00</td>
</tr>
<tr>
<td>Julien Dumoulin-Smith</td>
<td>Jefferies</td>
<td>Announces</td>
<td>Underperform</td>
<td>$124.00</td>
<td>-</td>
</tr>
<tr>
<td>Ross Fowler</td>
<td>B of A Securities</td>
<td>Announces</td>
<td>Underperform</td>
<td>$140.00</td>
<td>-</td>
</tr>
<tr>
<td>Shelby Tucker</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$164.00</td>
<td>$164.00</td>
</tr>
<tr>
<td>Jonathan Reeder</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Underweight</td>
<td>$138.00</td>
<td>$127.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to American Water Works. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of American Water Works compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for American Water Works's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
To gain a panoramic view of American Water Works's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/AWK/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on American Water Works analyst ratings.</a>
<h2>Unveiling the Story Behind American Water Works</h2>
American Water Works is the largest investor-owned us water and wastewater utility, serving approximately 3.5 million customers in 16 states. It provides water and wastewater services to residential, commercial, and industrial customers and operates predominantly in regulated markets. The company's nonregulated business is water services for military bases, which operates under long-term contracts with regulated-like returns.
<h3>Breaking Down American Water Works's Financial Performance</h3>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Positive Revenue Trend: Examining American Water Works's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 4.74% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Utilities sector.
Net Margin: American Water Works's net margin excels beyond industry benchmarks, reaching 24.11%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): American Water Works's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 2.75%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 0.89%, the company showcases effective utilization of assets.
Debt Management: American Water Works's debt-to-equity ratio surpasses industry norms, standing at 1.3. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings For American Water Works

Mizuho analyst Anthony Crowdell downgrades American Water Works (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWK#NYSE">AWK</a>) from Outperform to Neutral and raises the price target from $131 to $140.

Price Target

Mizuho Downgrades American Water Works to Neutral, Raises Price Target to $140

The Company continues to have no indication that its water and wastewater facilities were impacted by this incident. The incident did not affect water quality.

American Water Reactives Systems After Cybersecurity Event

Jefferies analyst Julien Dumoulin-Smith initiates coverage on American Water Works (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWK#NYSE">AWK</a>) with a Underperform rating and announces Price Target of $124.

Initiation

Jefferies Initiates Coverage On American Water Works with Underperform Rating, Announces Price Target of $124

WIIM

American Water Works shares are trading lower after the company announced it experienced a cybersecurity incident.

The Company currently believes that none of its water or wastewater facilities or operations have been negatively impacted by this incident.
Although the Company is currently unable to predict the full impact of this incident, the Company does not expect the incident will have a material effect on the Company, or its financial condition or results of operations.

American Water Works Says Learned Of Unauthorized Activity Within Its Computer Networks And Systems Due To Cybersecurity Incident; Does Not Expect Any Material Effect On Financial Condition - Filing

Maryland American Water Receives Commission Approval For Acquisition Of Severn Water Company For ~$1.6M

American Water Works's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWK#NYSE">AWK</a>) short percent of float has risen 14.47% since its last report. The company recently reported that it has 4.45 million shares sold short, which is 2.61% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.26 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>American Water Works Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727729122_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for American Water Works has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing American Water Works's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, American Water Works's peer group average for short interest as a percentage of float is 2.20%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into American Water Works's Recent Short Interest

In the current market session, American Water Works Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWK#NYSE">AWK</a>) stock price is at $144.88, after a 0.03% decrease. However, over the past month, the company's stock increased by 0.98%, and in the past year, by 23.83%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is not performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2024/1727722815_0.png" alt="Past Year Chart" />

<h3>Comparing American Water Works P/E Against Its Peers</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Compared to the aggregate P/E ratio of 25.46 in the Water Utilities industry, American Water Works Inc. has a higher P/E ratio of 29.58. Shareholders might be inclined to think that American Water Works Inc. might perform better than its industry group. It's also possible that the stock is overvalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1727722815_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

P/E Ratio Insights for American Water Works

B of A Securities analyst Ross Fowler reinstates American Water Works (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWK#NYSE">AWK</a>) with a Underperform and announces $140 price target.

B of A Securities Reinstates Underperform on American Water Works, Announces $140 Price Target

RBC Capital analyst Shelby Tucker reiterates American Water Works (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWK#NYSE">AWK</a>) with a Outperform and maintains $164 price target.

Reiteration

RBC Capital Reiterates Outperform on American Water Works, Maintains $164 Price Target

Launched on 05/08/2007, the First Trust Water ETF (ARCA:FIW) is a passively managed exchange traded fund designed to provide a broad exposure to the Industrials - Water segment of the equity market.
Retail and institutional investors increasingly turn to passively managed ETFs because they offer low costs, transparency, flexibility, and tax efficiency; these kind of funds are also excellent vehicles for long term investors.
Sector ETFs are also funds of convenience, offering many ways to gain low risk and diversified exposure to a broad group of companies in particular sectors. Industrials - Water is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 13, placing it in bottom 19%.
<h2>Index Details</h2>
The fund is sponsored by First Trust Advisors. It has amassed assets over $1.76 billion, making it one of the larger ETFs attempting to match the performance of the Industrials - Water segment of the equity market. FIW seeks to match the performance of the ISE Clean Edge Water Index before fees and expenses.
The ISE Clean Edge Water Index is a modified market capitalization-weighted index comprised of exchange-listed companies that derive a substantial portion of their revenues from the potable and wastewater industry.
<h2>Costs</h2>
Expense ratios are an important factor in the return of an ETF and in the long term, cheaper funds can significantly outperform their more expensive counterparts, other things remaining the same.
Annual operating expenses for this ETF are 0.53%, making it on par with most peer products in the space.
It has a 12-month trailing dividend yield of 0.61%.
<h2>Sector Exposure and Top Holdings</h2>
While ETFs offer diversified exposure, which minimizes single stock risk, a deep look into a fund&#39;s holdings is a valuable exercise. And, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation in the Industrials sector--about 53.60% of the portfolio. Utilities and Healthcare round out the top three.
Looking at individual holdings, Veralto Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vlto#NYSE">VLTO</a>) accounts for about 4.71% of total assets, followed by American Water Works Company, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/awk#NYSE">AWK</a>) and Ecolab Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ecl#NYSE">ECL</a>).
The top 10 holdings account for about 39.51% of total assets under management.
<h2>Performance and Risk</h2>
Year-to-date, the First Trust Water ETF return is roughly 9.14% so far, and is up about 20.28% over the last 12 months (as of 09/12/2024). FIW has traded between $77.30 and $107.61 in this past 52-week period.
The ETF has a beta of 1.02 and standard deviation of 19.40% for the trailing three-year period, making it a medium risk choice in the space. With about 37 holdings, it has more concentrated exposure than peers.
<h2>Alternatives</h2>
First Trust Water ETF holds a Zacks ETF Rank of 2 (Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, FIW is an excellent option for investors seeking exposure to the Industrials ETFs segment of the market. There are other additional ETFs in the space that investors could consider as well.
Invesco S&amp;P Global Water Index ETF (ARCA:CGW) tracks S&amp;P GLOBAL WATER INDEX and the Invesco Water Resources ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pho#NASDAQ">PHO</a>) tracks NASDAQ OMX US Water Index. Invesco S&amp;P Global Water Index ETF has $981.69 million in assets, Invesco Water Resources ETF has $2.17 billion. CGW has an expense ratio of 0.56% and PHO charges 0.60%.
<a href="https://www.zacks.com/stock/news/2335017/should-you-invest-in-the-first-trust-water-etf-fiw?cid=CS-BENZ-FT-sector_etf-2335017">To read this article on Zacks.com click here.</a>

Large Cap

Sector ETFs

Dividends

ETFs

PowerShares Exchange Traded Fund Water Resource Portfolio

VLTO

Should You Invest in the First Trust Water ETF?

If you&#39;re interested in broad exposure to the Industrials - Water segment of the equity market, look no further than the Invesco S&amp;P Global Water Index ETF (ARCA:CGW), a passively managed exchange traded fund launched on 05/14/2007.
Retail and institutional investors increasingly turn to passively managed ETFs because they offer low costs, transparency, flexibility, and tax efficiency; these kind of funds are also excellent vehicles for long term investors.
Sector ETFs also provide investors access to a broad group of companies in particular sectors that offer low risk and diversified exposure. Industrials - Water is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 13, placing it in bottom 19%.
<h2>Index Details</h2>
The fund is sponsored by Invesco. It has amassed assets over $971.84 million, making it one of the average sized ETFs attempting to match the performance of the Industrials - Water segment of the equity market. CGW seeks to match the performance of the S&amp;P GLOBAL WATER INDEX before fees and expenses.
The S&amp;P Global Water Index comprises of developed market securities including water utilities, infrastructure, equipment, instruments and materials.
<h2>Costs</h2>
Cost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive counterparts if all other fundamentals are the same.
Annual operating expenses for this ETF are 0.56%, making it on par with most peer products in the space.
It has a 12-month trailing dividend yield of 1.42%.
<h2>Sector Exposure and Top Holdings</h2>
Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
Looking at individual holdings, American Water Works Co Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/awk#NYSE">AWK</a>) accounts for about 8.63% of total assets, followed by Xylem Inc/ny (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xyl#NYSE">XYL</a>) and Veralto Corp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vlto#NYSE">VLTO</a>).
The top 10 holdings account for about 52.72% of total assets under management.
<h2>Performance and Risk</h2>
The ETF has added roughly 8.91% and it&#39;s up approximately 19.45% so far this year and in the past one year (as of 09/09/2024), respectively. CGW has traded between $44.46 and $59.88 during this last 52-week period.
The ETF has a beta of 0.99 and standard deviation of 18.38% for the trailing three-year period, making it a low risk choice in the space. With about 74 holdings, it effectively diversifies company-specific risk.
<h2>Alternatives</h2>
Invesco S&amp;P Global Water Index ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, CGW is a sufficient option for those seeking exposure to the Industrials ETFs area of the market. Investors might also want to consider some other ETF options in the space.
First Trust Water ETF (ARCA:FIW) tracks ISE Clean Edge Water Index and the Invesco Water Resources ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pho#NASDAQ">PHO</a>) tracks NASDAQ OMX US Water Index. First Trust Water ETF has $1.75 billion in assets, Invesco Water Resources ETF has $2.15 billion. FIW has an expense ratio of 0.53% and PHO charges 0.60%.
<a href="https://www.zacks.com/stock/news/2333158/should-you-invest-in-the-invesco-s-p-global-water-index-etf-cgw?cid=CS-BENZ-FT-sector_etf-2333158">To read this article on Zacks.com click here.</a>

Asset Sales

Should You Invest in the Invesco S&P Global Water Index ETF?

Indiana American Water Receives IURC Approval For $45M Acquisition Of Silver Creek Water Corporation, Expanding Service To 8,000 New Customers In Southern Indiana, With Closing Expected By Mid-November​

Martha Clark Goss, Board Member at American Water Works (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWK#NYSE">AWK</a>), executed a substantial insider sell on September 5, according to an SEC filing.
What Happened: Goss's recent Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001410636/000141063624000164//Archives/edgar/data/1410636/000141063624000164/0001410636-24-000164-index.htm">U.S. Securities and Exchange Commission</a> on Thursday unveiled the sale of 710 shares of American Water Works. The total transaction value is $101,423.
At Thursday morning, American Water Works shares are up by 0.89%, trading at $145.43.
<h3>All You Need to Know About American Water Works</h3>
American Water Works is the largest investor-owned us water and wastewater utility, serving approximately 3.5 million customers in 16 states. It provides water and wastewater services to residential, commercial, and industrial customers and operates predominantly in regulated markets. The company's nonregulated business is water services for military bases, which operates under long-term contracts with regulated-like returns.
<h3>American Water Works's Financial Performance</h3>
Positive Revenue Trend: Examining American Water Works's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 4.74% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Utilities sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Navigating Financial Profits:
<ul>
<li>
Gross Margin: With a high gross margin of 62.84%, the company demonstrates effective cost control and strong profitability relative to its peers.
</li>
<li>
Earnings per Share (EPS): American Water Works's EPS is notably higher than the industry average. The company achieved a positive bottom-line trend with a current EPS of 1.42.
</li>
</ul>
Debt Management: American Water Works's debt-to-equity ratio stands notably higher than the industry average, reaching 1.3. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
Insights into Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: American Water Works's current Price to Earnings (P/E) ratio of 29.42 is higher than the industry average, indicating that the stock may be overvalued according to market sentiment.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 6.47 is above industry norms, reflecting an elevated valuation for American Water Works's stock and potential overvaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): At 16.79, the company's EV/EBITDA ratio outperforms industry norms, reflecting positive market perception. This positioning indicates optimistic expectations for the company's future performance.
</li>
</ul>
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
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<h3>Why Pay Attention to Insider Transactions</h3>
Insightful as they may be, insider transactions should be considered alongside a thorough examination of other investment criteria.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Understanding Crucial Transaction Codes</h3>
In the domain of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their focus to those taking place in the open market, as meticulously outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001410636">Check Out The Full List Of American Water Works's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Insider Decision: Martha Clark Goss Offloads $101K Worth Of American Water Works Stock

On June 14, 2022, Towamencin executed an asset purchase agreement (APA) to sell the township&#39;s wastewater system to NextEra Water Pennsylvania, LLC (NextEra Water). In March 2023, NextEra Water exited the transaction and Pennsylvania American Water agreed to step in as the buyer under essentially the same terms agreed to by NextEra Water. PAW acquired the rights to the APA effective March 24, 2023.

Reported Earlier, Pennsylvania American Water And Towamencin Township Move To Terminate Wastewater System Sale Amid Regulatory Changes

American Water Works's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AWK#NYSE">AWK</a>) short percent of float has risen 4.82% since its last report. The company recently reported that it has 4.08 million shares sold short, which is 2.39% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.87 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>American Water Works Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724262310_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for American Water Works has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing American Water Works's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, American Water Works's peer group average for short interest as a percentage of float is 2.22%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Looking Into American Water Works's Recent Short Interest

American States Water Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/awr#NYSE">AWR</a>) reported second-quarter 2024 operating earnings per share of 85 cents, which beat the Zacks Consensus Estimate of 84 cents by 1.2%.
<h3>Total Revenues</h3>
Operating revenues came in at $155.3 million, which outpaced the Zacks Consensus Estimate of $138 million by 12.6%. However, the top line declined 1.3% from $157.4 million reported in the prior-year period.
<div class="chart_embed">
<h3>American States Water Company Price, Consensus and EPS Surprise</h3>
<h3><a href="https://www.zacks.com/stock/chart/AWR/price-consensus-eps-surprise-chart?icid=chart-AWR-price-consensus-eps-surprise-chart"><img alt="American States Water Company Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/37/1723018375.png" style="height:282px; width:616px" title="" /></a></h3>
American States Water Company price-consensus-eps-surprise-chart | American States Water Company Quote
</div>
<h3>Highlights of the Release</h3>
Operating expenses in the quarter totaled $103.6 million, up 5.2% from the year-ago quarter&#39;s level of $98.5 million. This was due to higher water purchased for pumping expenses, administrative and general costs, and other operation costs.
Operating income totaled $51.7 million, down 12.2% from $58.9 million recorded in the corresponding period of 2023.
Interest expenses amounted to $13.1 million, up 22.5% year over year. Interest income totaled $2.1 million, up 16.1% year over year.
<h3>Segmental Details</h3>
Earnings from the Water segment came in at 67 cents per share, down 26.4% from 91 cents a year ago.
EPS from the Electric segment was 1 cent, down 2 cents from the year-ago quarter&#39;s level.
EPS from the Contracted Services segment was 19 cents, up 58.3% year over year.
The loss from AWR (Parent) was 2 cents per share, in line with the year-ago quarter&#39;s loss.
<h3>Financial Update</h3>
As of Jun 30, AWR&#39;s cash and cash equivalents totaled $3.6 million compared with $14.1 million as of Dec 31, 2023.
As of Jun 30, the company&#39;s long-term debt was $640 million compared with $575.6 million as of Dec 31, 2023.
In the first six months of 2024, cash provided by operating activities totaled $70.5 million compared with $17.8 million in the year-ago period.
<h3>Zacks Rank</h3>
American States Water currently has a Zacks Rank #3 (Hold).
<h3>Recent Releases</h3>
American Water Works Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/awk#NYSE">AWK</a>) posted second-quarter 2024 operating EPS of $1.42, which lagged the Zacks Consensus Estimate of $1.47 by 3.4%.
AWK&#39;s long-term (three-to-five years) earnings growth rate is 8%. The company delivered an average earnings surprise of 1.1% in the past four quarters.
California Water Service Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cwt#NYSE">CWT</a>) recorded second-quarter 2024 adjusted earnings of 70 cents per share, which surpassed the Zacks Consensus Estimate of 39 cents by 79.5%.
The Zacks Consensus Estimate for 2024 EPS reflects year-over-year growth of 257.1%. The company delivered an average earnings surprise of 125.4% in the past four quarters.
Essential Utilities Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wtrg#NYSE">WTRG</a>) delivered second-quarter 2024 operating EPS of 28 cents, which lagged the Zacks Consensus Estimate of 30 cents by 6.7%.
WTRG&#39;s long-term earnings growth rate is 5.75%. The Zacks Consensus Estimate for 2024 EPS reflects year-over-year growth of 5.9%.
<a href="https://www.zacks.com/stock/news/2318349/american-states-water-awr-q2-earnings-sales-top-estimates?cid=CS-BENZ-FT-analyst_blog|earnings_article-2318349">To read this article on Zacks.com click here.</a>

Earnings

Earnings Beats

WTRG

American States Water Q2 Earnings & Sales Top Estimates

Management

American Water Says Effective August 1, 2024, M. Susan Hardwick Remains CEO And American Water Board Member And John C. Griffith Named President Of American Water; Cheryl Norton Expands COO Role To Include Business Development; David Bowler Named CFO; Nicholas Furia Named Treasurer

FIW: Popular Investment Theme Trading At Elevated Valuations

Dividend Champion, Contender, And Challenger Highlights: Week Of September 1

RBC Capital analyst Shelby Tucker maintained a Buy rating on American Water (AWK – Research Report) today and set a price target of $164.00. The co...

RBC Capital Keeps Their Buy Rating on American Water (AWK)

Ross Fowler, an analyst from Bank of America Securities, has initiated a new Sell rating on American Water (AWK). Ross Fowler has given his Sell ra...

American Water Works Underperform Rating: Valuation Concerns and Regulatory Challenges

The Top Five short crowded stocks in each U.S. sector

American Water ( ($AWK) ) has shared an update. American Water Works Company, Inc. has announced the reactivation of its systems after a cybersecur...

American Water Reactivates Systems Post-Cybersecurity Incident

Don't Dive Into American Water Works Company

American Water Works cut at Mizuho, seeing little upside from earnings growth story

In a report released today, Neil Kalton from Wells Fargo maintained a Sell rating on American Water (AWK – Research Report), with a price target of...

American Water (AWK) Receives a Sell from Wells Fargo

There are various high quality, blue chip stocks that have been trading at undervalued levels relative to their historical yields. Here is a closer look at two featured ideas from the utility sector.

Blue Chips In Water And Electric Power

AMCR

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Press Releases

American Water to Discuss Third Quarter 2024 Earnings and Initiation of 2025 Earnings Guidance on October 31, 2024

Maryland American Water Receives Commission Approval for Acquisition of Severn Water Company

Missouri American Water Announces Recipients of 2024 Firefighter Grant Program

American Water Reactivating Systems After Cyber Event

Pennsylvania American Water Awarded Two PENNVEST Loans and a Grant to Make Water and Wastewater Infrastructure Improvements

Illinois American Water Awards 97 Firefighter Grants

American Water Participates in the Tenth Anniversary of Imagine A Day Without Water

Pennsylvania American Water Reminds Customers to Help Keep Storm Drains Clear of Leaves this Fall

California American Water Receives Approval to Acquire Mesa del Sol Water System in Corral de Tierra

American Water Chief Operating Officer Receives Prestigious Honor from Executive Women of New Jersey

Artesian Resources Corporation - Class A Non-Voting Common Stock

Artesian Resources

American States Water Company Common Stock

American States Water

Cadiz

Consolidated Water Co. Ltd. - Ordinary Shares

Consolidated Water Co

California Water Service Group Common Stock

California Water Servs Gr

Global Water Resources, Inc. - common stock

Global Water Resources

Middlesex Water

Pure Cycle

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp American Depositary Shares (Each repstg 250 Common Shares)

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