AWK's third-quarter revenues are better than expected. AWK continues to gain from accretive acquisitions and continues to invest to strengthen its operation.
American Water Works (AWK) came out with quarterly earnings of $1.80 per share, missing the Zacks Consensus Estimate of $1.84 per share. This compares to earnings of $1.66 per share a year ago.
AWK's third-quarter earnings are likely to have gained from the implementation of new rates and a rise in demand from the expanding customer base.
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
The law firm of Edelson Lechtzin LLP is investigating claims regarding data privacy violations by American Water Works Company, Inc. NEWTOWN, PA / ACCESSWIRE / October 13, 2024 / The law firm of Edelson Lechtzin LLP is investigating claims regarding data privacy violations by American Water Works Company, Inc. ("American Water"). American Water learned of suspicious activity on or about October 7, 2024.
American Water, the largest water utility in the U.S., revealed that it had been targeted in a cyberattack and had to shut down some systems including billing. Hacks of water systems around the U.S. have been rising and in some cases have been tied to geopolitical rivals of the U.S., such as Russia, Iran and China.
U.S. water and sewage utility American Water said it has paused billing, yanked its customer service, and disconnected some of its computers following an unspecified "cybersecurity incident."
U.S. public utility giant American Water says it has disconnected some of its systems after discovering that hackers breached its internal networks last week.
The government has warned that drinking water and wastewater systems are an attractive target for cyberattacks.
Many utilities stocks have taken off in 2024 due to the increased demand for electricity to power AI data centers.
Now that the most important event of the year, the Federal Reserve (the Fed) interest rate cuts, is over, investors wonder where their capital can be safely treated in the face of potential volatility in the coming months. To satisfy this need to keep a stable portfolio, a decent weight in low beta stocks, characterized by smaller average daily moves compared to the S&P 500 index, is called for.
Investors interested in stocks from the Utility - Water Supply sector have probably already heard of Veolia Environnement SA (VEOEY) and American Water Works (AWK). But which of these two companies is the best option for those looking for undervalued stocks?