American Water Works Company (AWK) is committed to providing water and wastewater treatment services to residential, commercial, and industrial customers across the United States.
Financial Performance:
Q2 2023: The company reported revenue of $8.882 billion in the second quarter of 2023, showing an increase compared to the same period last year. Net income also increased to $2.02374 billion, or $0.97 per share, while in Q2 2022, it was $0.87 billion, or $2.2022 per share.
Q3 2023: For the third quarter of 2023, the revenue was reported at $3 billion, higher than the $2.0231 billion reported in the same period last year. The net profit for AWK this quarter was $1.94 billion, or $215.1 per share.
Dividends:
AWK announced a quarterly dividend of $0.7075 per share, translating to an annual dividend of $2.83 per share, with a dividend yield ranging between 2.39% to 2.44%. The company has been increasing its dividend for 14 consecutive years, demonstrating a strong commitment to maintaining and growing its dividend. The payout ratio has consistently stayed below 75%.
Technical Analysis:
Technical Indicators: The 50-day moving average for AWK stands at $121.38, while the 200-day moving average is at $129.77, serving as potential support or resistance levels for the stock.
Like other utility companies, AWK faces operational risks including regulatory compliance, infrastructure investments, and weather-related disruptions, which could impact its financial performance and stock valuation.
Financial Performance:
Q2 2023: The company reported revenue of $8.882 billion in the second quarter of 2023, showing an increase compared to the same period last year. Net income also increased to $2.02374 billion, or $0.97 per share, while in Q2 2022, it was $0.87 billion, or $2.2022 per share.
Q3 2023: For the third quarter of 2023, the revenue was reported at $3 billion, higher than the $2.0231 billion reported in the same period last year. The net profit for AWK this quarter was $1.94 billion, or $215.1 per share.
Dividends:
AWK announced a quarterly dividend of $0.7075 per share, translating to an annual dividend of $2.83 per share, with a dividend yield ranging between 2.39% to 2.44%. The company has been increasing its dividend for 14 consecutive years, demonstrating a strong commitment to maintaining and growing its dividend. The payout ratio has consistently stayed below 75%.
Technical Analysis:
Technical Indicators: The 50-day moving average for AWK stands at $121.38, while the 200-day moving average is at $129.77, serving as potential support or resistance levels for the stock.
Like other utility companies, AWK faces operational risks including regulatory compliance, infrastructure investments, and weather-related disruptions, which could impact its financial performance and stock valuation.
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