Volatility has returned to Wall Street, disrupting the solid rebound that followed a massive selloff in early August. The recent stock market volatility is being triggered by fears over the economy’s health rekindled by disappointing jobs data.Also, September, over the years, has proven to be one of the worst months for stocks. Given this situation, it would be safe to invest in utility stocks like American Water Works Company, Inc. (AWK) , American States Water Company (AWR) , Evergy, Inc. (EVRG) and OGE E ...

American Water Works (AWK) announced that its unit Indiana American Water (“INAW”) has received approval from the Indiana Utility Regulatory Commission for the acquisition of Silver Creek Water Corporation for $45 million.This acquisition is expected to close in mid-November and add 8,000 water customers to INAW’s portfolio. Indiana American Water has been making strategic acquisitions to expand its operations and customer base. In 2023, INAW acquired Claypool Water System in Northern Indiana and Sunset Vil ...

American Water Works Company, Inc.’s (AWK) unit, New Jersey American Water, has been granted new water and wastewater rates by the New Jersey Board of Public Utilities, effective from Sep. 15, 2024. This rate hike is likely to increase the company’s annual revenues by approximately $79.5 million.The company's request was filed in January 2024 as it wanted to recover infrastructure investment costs of more than $1.3 billion. This includes upgrades in the treatment system and distribution networks.Rate Hike - ...

Wall Street retreated from its earlier highs to start a tricky September as disappointing economic data rekindled fears of a slowing economy. Although the Federal Reserve has indicated that rate cuts are on the anvil, a slowing manufacturing sector continues to keep investors worried about the economy’s health.Given this situation, it would be wise to invest in defensive stocks like utilities and consumer staples such as American Water Works Company, Inc. (AWK) , NiSource Inc. (NI) , Evergy, Inc. (EVRG) , U ...

Although inflation in the United States seems to be cooling, the rate remains stubbornly high, still above the Federal Reserve’s target of below 2%.Despite the decline, concerns persist that inflation is not yet entirely under control, prompting investors to seek assets that can offer protection. In this line, specific stocks, though not currently market dominants, provide this investment option amid inflation fears. Therefore, Finbold turned to OpenAI’s latest artificial intelligence (AI) tool, ChatGPT-4o, ...

American Water Works (AWK) has announced that its unit, Illinois American Water, completed the construction of a groundwater treatment plant last month. The company invested $10.9 million to construct the groundwater treatment plant on the site of the original water treatment plant, which utilized the Ohio River as the source of water supply. Switching to groundwater is in the customers’ best interest, as approved by the U.S. Environmental Protection Agency (“EPA”), Illinois EPA and Illinois Commerce Commis ...

It has been about a month since the last earnings report for American Water Works (AWK) . Shares have lost about 1.9% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is American Water Works due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. American Water’s Q2 Earning ...

These dividend stocks look like compelling buys right now.The stock market has set several new all-time highs this year. Because of that, most stocks are up sharply, which is leaving fewer bargains.However, there are a few stocks that still look like great deals. American Water Works (AWK 0.29%), Enbridge (ENB 1.59%), and Clearway Energy (CWEN 1.67%) (CWEN.A 1.65%) stand out to three Fool.com contributors right now because of their compelling investment potential. However, that might not last, which is why ...

Are you starting to get nervous about the frothy stock market and thinking about taking some profits off the table? You’re not alone. With the economy flashing warning signs and many high-flying tech names coming back down to earth, it might be time to consider shifting some of your portfolio into recession-resistant stocks.Last week was a bloodbath for many market darlings, and fear is still gripping investors. Frankly, I believe this fear is justified. Unemployment is ticking up, job growth is slowing and ...

It’s an asset and resource that we use everyday and therefore, we become desensitized to its importance. But water really is the golden ticket for the future of global societies and economies. Life on this planet cannot exist without it. And therefore, its management and stewardship are incredibly critical. By logical deduction, investors jittery about present market dynamics should consider the best water stocks to buy.Relevance doesn’t guarantee upside, let me just be clear about that point. Water-related ...