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American Water Works Company (AWK) Stock News, Jun 1-10, 2021

AWK NYSE

American Water Works Company, Inc. reports developments tied to its regulated water and wastewater utility operations across the United States. The company provides drinking water and wastewater services to about 14 million people through regulated operations in 14 states and on 18 military installations, with operating subsidiaries including California American Water, Pennsylvania American Water, Maryland American Water, Virginia American Water, Illinois American Water, Iowa American Water and Tennessee American Water.

News for AWK commonly covers annual water quality and Consumer Confidence Reports, state-level service updates, infrastructure investment, public utility rate proceedings, drinking water standards, community programs and subsidiary activity in local service territories. Updates also reference the company’s long operating history and its role in regulated water and wastewater service delivery.

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American Water (NYSE: AWK) announces that COO Cheryl Norton will receive the 2021 Rooted In Community Awards from Oaks Integrated Care, recognizing local heroes. The award ceremony is set for June 10, 2021, at 7 PM. CEO Walter Lynch praised Norton for her impactful leadership and commitment to the community. Norton oversees operations in regulated states, customer service, and compliance at American Water, which serves 15 million people across 46 states. The company is committed to providing safe and reliable water services.

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New Jersey American Water has released its latest Water Quality Reports, confirming that the drinking water supplied to 2.8 million residents meets or exceeds all state and federal standards. The annual report includes data from the previous year, showcasing compliance with EPA and NJDEP guidelines. Enhancements this year feature a more visual format for easier understanding. Customers can access their specific reports online by entering their zip code, or request printed copies via customer service.

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Illinois American Water has appointed Angie Bell as the new Director of Rates and Regulatory, succeeding Rich Kerckhove, who retires after over 14 years. Bell brings over a decade of experience from CenterPoint Energy, where she held a similar role. In her position, she will oversee rate reviews and compliance filings, reporting directly to President Justin Ladner. Illinois American Water is the largest investor-owned water utility in Illinois, serving approximately 1.3 million customers and part of American Water, which operates across 46 states.

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American Water (NYSE: AWK), the largest publicly traded water and wastewater utility in the U.S., announced the launch of fully remote customer service job opportunities specifically for Camden, N.J. residents. This initiative reflects the company's ongoing commitment to Camden's revitalization and community support. Notably, American Water has contributed nearly $1 million to local organizations over the past year. The Camden-based roles will strengthen the company's national customer service operations, enhancing service delivery across its regulated areas.

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American Water (NYSE: AWK) announced the recipients of the 30th Annual James V. LaFrankie Scholarship Awards, granting $1,000 scholarships to seven college-bound children of full-time employees. Chosen from 44 applicants, scholarship winners demonstrated strong academic performance and extracurricular involvement. The program, established in 1991, honors former president James LaFrankie, emphasizing education in water-related fields. This year, due to COVID-19, recipients can defer scholarships if their college plans are affected. American Water serves 15 million people across 46 states.

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American Water Works Company (AWK) announced the retirement of Chief Growth Officer William Varley, effective immediately, due to health reasons. CEO Walter Lynch expressed gratitude for Varley's contributions, particularly in enhancing the company's growth strategy. American Water is focused on expanding its regulated businesses, currently serving over 86,000 customers across eight states, with a significant acquisition planned in York, Pennsylvania, expected to add over 45,000 customer connections. The firm has raised its earnings growth forecast for 2021-2025 to 1.5%-2.5%, emphasizing a solid growth trajectory.

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FAQ

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

American Water Works (AWK) last closed at $150.29.

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

The market cap of American Water Works (AWK) is approximately $29.9B.