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American Water Works Co. Inc. - AWK STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect American Water Works Co.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of American Water Works Co.'s position in the market.

Rhea-AI Summary
California American Water has recently invested in improving its water infrastructure in the White Stallion Community and Wildwood Park. The projects include the replacement of pumps, piping, and electrical equipment, as well as the addition of backup power generators and improved communication systems. The investments amount to $4.1 million and aim to enhance reliability and fire protection.
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-1.89%
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Indiana American Water has been chosen as the trusted provider of water service to the Silver Creek area in southern Indiana. The acquisition was approved by nearly 74% of Silver Creek Water Corporation members. If approved by the Indiana Utility Regulatory Commission, approximately 8,000 water customers will be added to Indiana American Water's service footprint.
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California American Water recently completed the Grove Avenue Water Main Replacement Project in South San Diego, replacing 2,400 linear feet of aging 8-inch steel water main with new PVC main. They also upgraded fire hydrants, replaced gate valves, and installed new service pipes for 22 customers. This project is part of their multimillion-dollar initiative to renew water infrastructure. The goal is to improve reliability, reduce service disruptions, and increase durability.
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End-of-Day
4.79%
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Rhea-AI Summary
American Water Works Company, Inc. (NYSE: AWK) reported earnings of $1.66 per share for Q3 2023, compared to $1.63 per share in Q3 2022. Year-to-date earnings for 2023 were $4.03 per share, compared to $3.70 per share in 2022. The results were positively impacted by warm, dry weather, contributing $0.04 and $0.11 per share for the quarter-to-date and year-to-date periods of 2023, respectively. The company affirmed its 2023 EPS guidance range of $4.72 to $4.82 on a weather-normalized basis. The capital investment plan of $2.9 billion for 2023 remains on track. The company also announced the initiation of its 2024 EPS guidance range of $5.10 to $5.20 and its 2024-2028 capital plan, while affirming long-term growth targets.
Rhea-AI Impact
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4.79%
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Virginia American Water has filed a general rate application with the State Corporation Commission (SCC) to recover $110 million in capital investments between May 2023 and April 2025. The company aims to continue providing safe and reliable water and wastewater service by replacing aging infrastructure, complying with regulations, and meeting customer needs. The filing also includes the acquisition of water and wastewater assets from the Town of Cape Charles and drinking water assets from E.L. Goddard Inc. Virginia American Water is seeking an annual revenue increase of approximately $19.7 million.
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End-of-Day
4.79%
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American Water Works Company, Inc. (NYSE: AWK) has declared a quarterly cash dividend payment of $0.7075 per share of common stock. The dividend will be payable on December 1, 2023, to shareholders of record as of November 14, 2023. This is a continuation of the increased annualized dividend approved by the Board in April 2023.
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Indiana American Water has acquired the Sunset Village water system in southeast Indiana for $150,000. The system serves approximately 100 water customers, representing a population of around 270 residents. The acquisition will help hold future rates down for Sunset Village customers and provide access to water professionals, customer service options, and payment methods. Indiana American Water aims to expand its presence across Indiana.
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0.98%
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Heart of Camden celebrates $1 million investment in Camden Waterfront South community
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American Water to participate in 2023 Mayors Water Council Meeting
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Illinois American Water awards $85,000 in grants to Illinois fire departments
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American Water Works Co. Inc.

NYSE:AWK

AWK Rankings

AWK Stock Data

23.66B
194.21M
0.21%
91.58%
1.29%
Water Supply and Irrigation Systems
Utilities
Link
US
Camden

About AWK

founded in 1886, american water is the largest publicly traded u.s. water and wastewater utility company. with headquarters in voorhees, n.j., the company employs more than 6,800 dedicated professionals who provide drinking water, wastewater and other related services to approximately 14 million people in more than 40 states as well as parts of canada. more information can be found at www.amwater.com.