For those looking to find strong Utilities stocks, it is prudent to search for companies in the group that are outperforming their peers. Is American Water Works (AWK) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.American Water Works is one of 105 companies in the Utilities group. The Utilities group currently sits at #2 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in ...

American Water Works (AWK) announced that its unit, New Jersey American Water, will invest $2.1 million in two different projects to strengthen water infrastructure in its service region. The company keeps on upgrading old infrastructure and adding new assets to provide reliable services to its customers.In May 2024, New Jersey American Water decided to invest $8.4 million in three different projects to strengthen water and wastewater infrastructure in its service region.New Jersey American Water keeps on m ...

American Water Works (AWK) announced that its unit, New Jersey American Water, will invest $8.5 million in Monmouth County water infrastructure to improve water service reliability in the region. The company will replace nearly 4,900 feet of aging water mains by changing the 30-inch transmission main that was installed in the 1970s with new 30-inch ductile iron mains.Proper maintenance and upgrade of the old infrastructure allow the company to meet rising demand from its residential and commercial customers ...

With inflation imposing hardships on American households and devaluing the dollar, the natural instinct is to turn to precious metals like gold and silver. However, there’s an even more critical resource that deserves your attention. And with that, we should dive into the best water stocks to buy.Yes, water does seem mundane considering that most of the world is covered with it. However, according to the Bureau of Reclamation, only about half of a percent of the earth’s water is fresh water. That leaves ver ...

If building multi-generational wealth is one of your investment objectives, you may consider buying growth stocks for the long-term portfolio. Multi-generational wealth may sound like something you need a large amount at the start to build, but with long-term compounding, you can snowball a relatively small initial investment into a small fortune.What makes long-term growth stocks such a strong choice for this strategy? It all has to do with the twofold way such stocks have the potential to produce above-av ...

If I had to state two of the biggest challenges the world faces in the coming decades, it’s the shortage of food and water. With big challenges comes some of the biggest opportunities for investing and creating millions. It’s not difficult to guess that the agriculture theme and water stocks will be massive wealth creators in the next five to ten years.Elaborating on the challenges, a 2023 report indicates that Americans are increasingly forced to rely on bottled water at an estimated cost of $1,350 annuall ...

American Water Works (AWK) announced that its subsidiary, New Jersey American Water, completed its acquisition of the water and wastewater systems of the City of Salem, N.J., for $18 million.On May 22, 2024, the New Jersey Board of Public Utilities approved the municipal consent allowing New Jersey American Water to provide services to Salem City customers following the closing of the transaction. These former municipally owned systems serve more than 2,300 water and 2,300 wastewater customers.Per the agree ...

As water scarcity becomes a critical global issue, water stocks are gaining significant attention from investors. By 2030, the demand for freshwater is projected to exceed supply by 40%. This growing need is driving investment in water-related companies, making them attractive options for those looking to capitalize on long-term trends.For June 2024, seven water stocks stand out as strong buy candidates, backed by robust performance and strategic positioning in the market. These companies are well-placed to ...

Investing in water stocks can be a fruitful decision due to the essential role water plays in the functioning of our society. Water utilities provide a critical resource, ensuring reliable demand regardless of the underlying conditions in the economy. That stability is further backed by pricing power granted through regulatory approval. It allows these firms to maintain predictable revenue streams.While water stocks were considered expensive a few years ago, buoyed by low interest rates and investors’ willi ...

American Water Works (AWK) shares ended the last trading session 3.6% higher at $130.77. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 0.3% gain over the past four weeks.American Water Works’ 100% net income is generated from regulated operations and AWK’s focus on expanding regulated operations through capital investments is yielding stable returns, which has allowed the company to increase shareholders’ value. ...