American Water Works Company Inc (NYSE:AWK)
November 30th, 2018
Amidst rising markets American Water Works Company Inc closed Friday up 3.17%, a $2.93 increase to close on $95.41. As well as going up, AWK closed the day setting a new 52 week record. Furthermore it hit a new 52 week high of $95.41. In addition to finishing higher, trading volumes were solid at 286% of normal which can indicate investors see opportunities. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be 1.01.
AWK outperformed the rest of the Utilities sector which went up 1.54% today.
American Water Works Company Inc is listed on the S&P 500 index, and was one of 356 stocks that rose today. Weighted by market cap, AWK represents about 0.06% of the S&P 500.
Expectations from 12 analysts points to the possibility that American Water Works Company Inc might go up somewhat (0.29%), while Finbox has calculated (with medium uncertainty) a fair value price of $74.53.
The market sectors were mixed Friday with a majority of the sectors trending up. Utilities saw the biggest increase of the day (1.54%), while Energy saw the biggest drop (0.24%). Healthcare has seen the biggest year-to-date gain at 13%. The biggest loss this year has been the Materials sector dropping 10%.
Energy saw a turn around from its 5-day performance of 0.37% trading down 0.24%.
- Utilities went up with a 1.54% change.
- Information Technology went up with a 1.06% change.
- Healthcare went up with a 1.05% change.
- Industrials went up with a 1.04% change.
- Real Estate went up with a 1.00% change.
- Consumer Staples went up with a 0.85% change.
- Consumer Discretionary went up with a 0.69% change.
- Financials went up with a 0.61% change.
- Materials went up with a 0.43% change.
- Communication Services went up with a 0.43% change.
- Energy went down with a -0.24% change.
American Water is based in Voorhees Township. American Water was founded in 1886.
American Water Works Company Inc Info
American Water Works Company, Inc., through its subsidiaries, provides water and wastewater services in the United States and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states. The company operates approximately 72 surface water treatment plants; 527 groundwater treatment plants; 8 combined treatment plants; 127 wastewater treatment plants; 50,382 miles of transmission, distribution, and collection mains and pipes; 1,103 groundwater wells; 1,428 water and wastewater pumping stations; 1,313 treated water storage facilities; and 80 dams. It also undertakes contracts with the United States government to provide water and wastewater services on various military bases; and municipal, commercial, and industrial customers, primarily to operate and manage water and wastewater facilities, as well as provide other related services. In addition, the company provides warranty-type services to homeowners and smaller commercial customers to protect against the cost of repairing broken or leaking water pipes or clogged or blocked sewer pipes, interior electric lines, heating and cooling systems, and water heaters, as well as power surge protection and other related services; and water sourcing, transfer services, pipeline construction, and water storage solutions for natural gas exploration and production companies. Further, it supplies water to public fire hydrants for firefighting purposes, and private fire customers for use in fire suppression systems in office buildings and other facilities, as well as to other water utilities and community water systems. The company serves approximately 15 million people with drinking water, wastewater, and other water-related services in 46 states; the District of Columbia; and Ontario, Canada. The company was founded in 1886 and is based in Voorhees, New Jersey.
All amounts in USD unless otherwise indicated
(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that American Water Works Company Inc’s score is 1.01) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.
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